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Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

One of the most common ways to trade the forex markets is to look at a currency pair in isolation. 

All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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AUDUSD and Gold Price Correlation AUDUSD has a positive correlation with Gold AUDUSD has had an 80% historical correlation to the Gold Price.

After two months of increases, consumer confidence dropped in August by 2. We could see a bounce now. The government publishes official inflation data only once per quarter, and this figure by the Melbourne Institute provides some insights into price developments. The Australian job market disappointed in July with a loss of 3, positions. The unemployment remained low at 5. The report for August may see an uptick in jobs.

The Aussie dollar suffered quite a bit of late and an upbeat labor market can help it recover. The number of positions is expected to rise by Technical lines from top to bottom: The round number of 0. Below, we are back to levels last seen in January FXC offers a greater opportunity than the U. Dollar, which will be entwined by political wrangling and FED policy for months to come.

Looking at the chart above , an aggressive trade would be to sell the cross here at 1. Any sell off in "risk assets" will see the downside move accelerate fast. I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it other than from Seeking Alpha. I have no business relationship with any company whose stock is mentioned in this article.

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AUDCAD Currency - Real time AUDCAD currency chart and performance. AUDCAD Historical Data - Historical AUDCAD data selectable by date range and timeframe. .

AUDCAD: 1 Hour chart - rallies to be limited Source: Saxo Bank It is the correlation between this cross and AUDUSD and USDCAD that makes the . A correlation close to 0 shows that the movements in the two currency pairs are not related. How is it calculated? The calculation of the correlation on this site uses the standard formula known as the "Pearson coefficient of correlation". The length of the series is given by the "Num Period" field. 

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Oct 26,  · The term correlation is a statistical term and is measured within the range of +1 and A currency pair with +1 correlation (or positive correlation) often moves in tandem, while a currency pair with -1 correlation (or negative correlation) tends to move in the opposite direction/5(9). Euro / Canadian Dollar (FX:EURCAD). Get more trading ideas from Johanes. Follow market experts, get opinions and be heard! Join the largest trading & .'s Forex Correlation toll displays correlations for major, exotic and cross currency pairs. AUDUSD and Gold Price Correlation AUDUSD has a positive correlation with Gold AUDUSD has had an 80% historical correlation to the Gold Price.

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