As labelled. This is my current understanding.
Given the relationship between this pair and crude, it would appear something needs to take down crude and possibly reduce borrowing costs to an all-time low. Certainly with crude, I don't wholly understand the relationship between this pair and the bond markets / rates but since 2008 the positive correlation is very tight. The relationship between the three, oil, bonds, and EURUSD, probably no-one does.
Given the relationship between this pair and crude, it would appear something needs to take down crude and possibly reduce borrowing costs to an all-time low. Certainly with crude, I don't wholly understand the relationship between this pair and the bond markets / rates but since 2008 the positive correlation is very tight. The relationship between the three, oil, bonds, and EURUSD, probably no-one does.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.