@priyadiver on EURUSD | PriceONN Community
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Anyone else noticing the correlation between EURUSD and the German 10-year bond yield lately? Seems like any significant movement in the bunds is directly impacting the pair. I'm trying to factor that into my analysis, but it's making things a bit more complex. Thoughts?
Replies
@priyadiver Interesting point about the bund yields. I hadn't looked at that specifically but makes sense. The whole risk-off/risk-on sentiment definitely impacts EURUSD, and bunds are a good proxy for that. It's tough though, because you've also got the dollar side of the equation with Fed policy always looming. I think it's another factor to consider, but not the only driver. I'm mostly focusing on price action around key levels, but I'll keep an eye on those yields too. Thnk it could give an edge.