In this Weekly FX Market Preview of May 7, 2018, is it “Sell in May and Go Away”? The highest volume currency pair, EURUSD has hit a historical inflection point after the currency pair tumbled 4.8% from its peak. USDCHF is pushing toward parity and is hitting a major resistance price at 1. BTCUSD is..
It’s rare, but the EURUSD/USDCHF Correlation turned positive on a Daily Chart. On September 1, the EURUSD/USDCHF Correlation turned positive. This relationship remained this way through September 6. The significance of this occurrence is that the relationship between the Euro-Dollar and Dollar-Swiss Pound almost always negatively correlated on a daily chart. The last time the..