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Old 07-09-2008, 02:12 PM
Mabs01 Mabs01 is offline
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Question

Is it possible for someone to honestly explain why the correlation between the USD and the commodity market like crude oil is only applicable during the high volume hours of the day? That is about 12.00pm am to about 5.00pm UK time and possibly 8:30 am to about 12:00 pm New York time. The value of the USD is supposed to go down when crude oil or gold goes up, and it does just that during these periods but after these times stated above, the USD virtually trades in thesame direction as the commodity markets i.e gold or oil go up and the USD also goes up. Could anyone explain the reason for this? Thanks
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