Yesterday I was talking with CVJ, another blogger here at Fxstreet.com and a great analyst, about correlation of currencies, commodities, stocks, oil, etc, etc. Being both “old” in the market, we were discussing about markets correlations along time. Correlations exist always, no doubts, but not always like we see these days, where global crisis, and fears rule the world. I believe that things are starting to change, and this tight correlation will become to ease, but not today :). Watch the Dow Jones that already opened higher after the encouraging jobs reports. Don’t place your hopes in euro, better look at Gbp or Jpy crosses, at least is what I will do!
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