Obviously positive Correlation among CAD $ and OIL (as per chart)
AMOF holding different positions straight and/or spread
On QD #F ( CME CROSS equivalent for CADJPY A0-FX) Correlation is negative.
I have been watching this. It seems to deviate a little once in a while, but for the most part they stay together.
Steve Wrote:I have been watching this. It seems to deviate a little once in a while, but for the most part they stay together.
Yes steve.
The reason for positive correlation is -indeed- the importance of Canada as Oil Producer.
For what is regarding the cross jpyen cad is consequence of the fact that Japan is - probably - the only very large economy 100% net importer of Oil .
Still puzzle me the sudden divergences in cad/ oil.