market correlation Archive

Correlation of stock market to Property Prices

‘Can property prices be actually correlated to the stock market?’ Jo’An Tan, Associate Director, Redbrick Mortgage Advisory contributes her observations to this question.

One of them is not showing it’s true colour. WTI or DXY?

WTI and DXY used to show a clear negative correlation. This disappeared in the middle of 2016. Is this a temporary divergence or a permanent change? If the present appearance is temporary only, one of them is going to show it's true colour soon.

Who is right? SiMSCI/HSI (stockmarket) or AUDJPY (Forex)?

It appears there is a big divergence between the usually highly correlated HSI, SiMSCI and AUDJPY. Who is smarter? The stock market or the forex market?

WTI chart with the 3-month candles looks bearish

If WTI bulls are lucky, WTI 'rallies' one more time to test former resistance/support at 51.40. If not, we should be inspecting price action at trend line soon.

XLE ‘buyer’s remorse’, loses post-Trump election gains

There is a distinct bearish divergence between XLE (Energy Select Sector SPDR ETF) and WTI. XLE has completely reversed it's post-Trump election gains and is now in the red.

Stocks and indices quarterly update end Q1 2017

Stock indices update for Q1 2017. 1) Relative strength, performance between major Western and Asian indices. 2) Straits Times Index constituents 'winners and losers'. 3) Quick look at diverging behaviour between China A50, AUDUSD to exceeding PMI data. 4) US sector performance.

Gold mining stocks bearish divergence from XAUUSD

Gold mining stocks Barrick Gold and Newmont Mining show bearish divergence by not following gold's recent gains. These stocks were leading indicators of gold price in 2016.