CADJPY pair is preempting to move of SPX500 as you will see on the daily graphic.
The momentum and the move of CADJPY is bigger, but when CADJPY is UP, SPX500 is up
and when CADJPY is down, SPX500 is down after a while...
But of course bare in mind that
CORRELATION DOESN'T IMPLY CAUSATION ;-)
The momentum and the move of CADJPY is bigger, but when CADJPY is UP, SPX500 is up
and when CADJPY is down, SPX500 is down after a while...
But of course bare in mind that
CORRELATION DOESN'T IMPLY CAUSATION ;-)