Quote:
Originally Posted by Andrewunknown
Long EUR/USD + short USD/CHF = long EUR/CHF.  I know you know that akeakamai: just clarifying in case anyone became confused.
The inverse coefficient on these two pairs is normally very high, although never (except perhaps for very brief periods) -1; but EUR/CHF's range and volatility is not reliant on inefficiencies in the fiber/swissie correlation; remember that activity on cross pairs is not wholly (and sometimes not even mostly) derivative of activity on their base pairs. |
Nope, I meant what I said the first time, because it's right
If they were confused before, they'll be doubly confused by now :P