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dollar index and S&P futures (ES) correlation
Apr 21, 2010 at 01:11
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2 Replies
Biedrs kopš
2 ieraksti
Apr 21, 2010 at 01:11
Anybody noticed today the inverse correlation of dollar index and ES has changed to direct correlation? What I mean just in case who don't understand is that the dollar has been used to fund the purchase of equities. So when the dollar index goes down the stock market goes up. But today it's changed.. dollar index is going up and so is ES (S&P)
Biedrs kopš
49 ieraksti
Apr 21, 2010 at 04:24
also usd/cad weak. aus/usd strong, gold rebounding to name a few. imho, not much to keep an eye with.
God is great all the time
Biedrs kopš
2 ieraksti
Apr 21, 2010 at 19:43
hmmm, this correlation only lasted a few hours and fizzled out.. i guess it was nothing...
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