Today's weaker than expected employment data brought a strong fall for the Aussie. AUD/USD fell to 0.8796 before going into a sideways mode. AUD/JPY fell to 92.17 after failing at 93.33.
Today's released data showed that the employment numbers fell by 22,600 in December 2013…
An eye on any sudden changes in the correlation values is always important as it may provide a trading opportunity. The reason is simple that temporary major changes in the correlations may ultimately try to normalize to their longer-term averages.
Let's check the EUR/USD correlations with some of the other pairs. The following data compares last week's average against past one year's…Continue