Day: February 12, 2022
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An explanation to currency pairs correlation in London
One of many factors that must be taken into consideration when trading is the currency pairs correlation as it is a measure of how correlated or anti-correlated they are. The most common pairings between currencies, also referred to as major currency pairs, are: (GBP/USD), (EUR/USD), and (USD/JPY). Correlation can help determine which markets to trade…