Hi,
about the Gold Eur and Usd, shouldn't they be correlated? i mean if the Dollar gets weaker then EurUsd raises and the same should be for XauUsd,
in this case yesterday Nov 17th 09 the Gold raised so
XauUsd raised
but not in the same percentage the raising was for the XauEur,
i thought that yesterday the Eur could have been valuated more than the Dollar but! EurUsd was bearish
looking another cross at yesterday rates ,EurChf was almost stable so Eur couldn t be stronger to justify XauEur less performance than XauUsd,
so why XauUsd raised more than the XauEur if the Eur was weaker than the Dollar (EurUsd bearish), i expected that with EurUsd bearish due a stronger Dollar (the dxi dollar index increased) XauEur should have been raising more tha XauUsd when gold raised but yesterday was exactly the opposite
Thanks for any clue.
FxZ
about the Gold Eur and Usd, shouldn't they be correlated? i mean if the Dollar gets weaker then EurUsd raises and the same should be for XauUsd,
in this case yesterday Nov 17th 09 the Gold raised so
XauUsd raised
but not in the same percentage the raising was for the XauEur,
i thought that yesterday the Eur could have been valuated more than the Dollar but! EurUsd was bearish
looking another cross at yesterday rates ,EurChf was almost stable so Eur couldn t be stronger to justify XauEur less performance than XauUsd,
so why XauUsd raised more than the XauEur if the Eur was weaker than the Dollar (EurUsd bearish), i expected that with EurUsd bearish due a stronger Dollar (the dxi dollar index increased) XauEur should have been raising more tha XauUsd when gold raised but yesterday was exactly the opposite
Thanks for any clue.
FxZ