This is how I evalutate the strength of currency and guage on their correlations. I do it every weekend and look at how strong the trend of particular currenyc pairs are.
xxx/USD pairs: Slightly Bearish
Gold & Silver: Very Bearish
xxx/JPY pairs: Bullish
USD/xxx pairs: Mixed (USD/CHF is bullish, USD/CAD is bearish)
Stock Indexes: Mixed (USD index is slightly bullish, Hong Kong is Slightly bearish)
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