The GBP JPY is one of the most volatile pairs in the forex markets. Huge price movements and wide ranges ensure that multiple trading opportunities are generated by this pair in almost all trading sessions. The Japanese yen (JPY) is a low yielding currency, while the British pound sterling (GBP) is a high yielding one.
What pair correlates with Eurnzd? Current EUR/NZD to EUR/USD correlates 83% and EUR/NZD correlates 62% to USD/CHF. This situation is a severe problem and explains why EUR/NZD and GBP/NZD as the same pair only correlates +55%. Both should correlate at least +80% to +90%. GBP/NZD Vs AUD/NZD +0.09 %
SPX500: Sell Bias The Standard & Poor's 500, most commonly referred to as S&P 500, is a stock market index that monitors the performance of 500 large-cap corporations in the United States. Also known as SPX500 or US500, it depicts the stock market's performance by giving information on the risks and returns of the major businesses.