@samantha8283 on GBPUSD | PriceONN Community

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samantha8283 PRO newbie
GBPUSD Mar 11
Anyone else notice how GBPUSD is kinda tracking EURUSD lately? It's not a perfect correlation, but the general direction seems to be pretty similar. Makes me wonder if it's just dollar weakness driving both, or if there's something else going on under the hood. Something to keep an eye on for sure. Volume is dead tho...
GBPUSD

Replies (2)

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samantha8283 PRO newbie Mar 11
Oh and ya, the risk off sentiment is definitely a factor too. Everyone's hiding in the dollar right now. Makes sense I guess.
kyle6329
kyle6329 PRO newbie Mar 12
@samantha8283 I think you're spot on about the dollar weakness. It's hard to ignore the DXY lately. Plus, with all the geopolitical stuff happening, everyone's running to the dollar for safety. That's gotta be playing a big role in both EURUSD and GBPUSD movements, imo. Risk off is def the key.
EURUSD 1.16084 -0.19%
GBPUSD 1.34269 -0.27%
USDJPY 159.91650 +0.02%
XAUUSD 4,476.73 -0.24%
XAGUSD 73.57 -2.04%
BTCUSD 63,893 -5.47%
SP500 6,572.87 +0.74%
BRENT 100.06 +1.19%
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