This is a powerful knowledge for those who trade more than one currency aud jpy fundamental analysis in forex. It helps to hedge, diversify or double profitable positions.
A correlation of zero means no relation between currency pairs exists. Information about current correlation coefficients can be found here: Currency Correlations Table. How a trader can use this information? A very simple use is avoiding trades that cancel each other. However, there is a strategy of hedging one currency pair with another. For example, a trader has opened long positions on both currency pairs. During the 24 hours period currency pairs in Forex market experience several hours, when the volume of trades is the highest and so is the pip movement.
USDDuring the week the most active Forex trading days are: Tuesday, Wednesday and Thursday. Mondays are days when traders are mostly watching and analyzing the market and predict further price moves. Fridays are traded approximately till noon, after that all actions slow down and almost freeze before the actual market closing at 5 pm EST. 6425 against its opening of 67. Sensex provisionally ends 45 points higher with 16 components in the green. Growth Rises Inflation Steady, May CPI at 4. Trump, Kim pile on charm at summit, but no word on progress.
Oil stable amid cautious optimism over Trump, Kim summit in Singapore. Gold dips on dollar strength amid ongoing U. India May inflation likely hit a four-month high on oil price surge. RBI tightens rules around state bond valuations in blow to banks.