Currencies vs. the S&P 500

I have been watching for a break of the lock-step FXE xs. SPX that was reflective of the carry-trade’s influence in the market the past year. Perhaps, this is it.

The Blue hatches in the chart represent the FXE (US$/Euro ETF) while the Red is that of the S&P 500. Looks interesting. (Click chart to enlarge)

Comments

[thiazole:]

I would have liked to see more than an intraday chart to see just how well they have matched over the past month or so. Also a % change from the open for both items would have given a better comparison.

Nov 12 03:28 PM