In pure terms, correlation is the measured relationship between two units over a series of time. Correlation is measured on a range of -1 (perfect negative correlation) to 1 (perfect positive correlation).
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Controlling Forex Drawdowns
If you were to lose 50% of your account on a single trade, going from $10,000 to just $5,000, as a result of an unexpected market move, you would then need to gain 100% just to recoup your initial position. This is known as a drawdown and it can have an insidious effect on your account balance.
Federal Reserve Chairman Makes Rare Comments On US Dollar Value
Traditionally, the US Federal Reserve doesn’t often comment on the value of the US currency abroad.
Analysis of All Currencies Down Under
The Aussie continues to strengthen against the Greenback and is now retesting short term resistance at .9343.
FOREX: Last Week In Perspective
Last week was a second straight good one for the world’s major stock markets with all indices gaining ground over the course of the week, except for the Nikkei. In Europe, the FTSE put on almost 3% of its value, closing at 296.4; the CAC was up by 2.66%, closing at 3806.0; the Dax closed up by 3.6% at 5686.8.