Hello folks, in other to improve my trading performance, I decided to factor in currency correlations, which can help reduce risk in trading multiple pairs, but the big question is where do I get the daily price data? I’ve searched the Federal Reserve website but I can’t still find it.
Nope, the big question is what is daily price data? What does data have to do with currency correlations?
It’s the opening and closing price of the currency pairs after each trading day, and I need it to calculate the correlation coefficient.
Ah I see. Sorry I cant help. I’ve only ever heard people go through the charts manually and check previous price.
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Alright, Thanks!
There are existing sites that do all this work for you, if this is what you’re looking for :https://www.myfxbook.com/en/forex-market/correlation
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Yeah am looking for something close to this, but this site doesn’t allows me to download the data.