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by Ashraf Laidi
Posted: May 18, 2009 16:58
Comments: 24
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This thread was started in response to the Hot-Chart:

Oil & Yen pairs

 
 
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Rob
New York, United States
Posts: 305
16 years ago
May 18, 2009 21:54
Hey Ashraf,

What do you think about the Japanese Finance Minister's comments about possible intervention - I presume it's as bogus a comment as its always been? All talk and no action since '04 - I believe.

Also, what do you think the terrible GDP figures for Japan will do tomorrow? Punish the JPY? Or would it add to risk aversion? Any thoughts are appreciated.
Ashraf Laidi
London, UK
Posts: 0
16 years ago
May 18, 2009 18:56
KK, since March, the daily correlation between oil and S&P500 was as little 0.53 but since mid April, it rose to as high as 0.74

Ashraf
Ashraf Laidi
London, UK
Posts: 0
16 years ago
May 18, 2009 18:41
KK, the timing is NOT always fixed, Sometimes oil moves as a result of unexpected changes in oil inventory data, and sometimes it moves in response to equity prices and overall risk appetite. My Forex & Intermarket Dynamics Workbook has more details on correlations charts. http://www.ashraflaidi.com/products/wb01/

Ashraf
KK
Puchong, Malaysia
Posts: 1
16 years ago
May 18, 2009 18:10
Hi Ashraf,
I have a question regarding equities versus oil correlation, do you have any data showing their relationship? From my observation it didn't move at the same time, it always lagging or leading each other. Pls give your view on this.

thanks

rgds, KK
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