Gold correlation with USD/JPY/CHF
looking at this LT chart, one would believe the US$ is the major driver of gold
http://www.macrotrends.net/1335/dollar-vs-gold-comparison-last-ten-years
But when looking at the weekly correlation with, JPY, CHF and USD it shows it is mainly the JPY driving gold and less the CHF and/or USD
When I take the daily charts however it shows the CHF as the biggest contributor for Gold price, strange
Agree. On daily basis XJY has better fit for correlation with Gold. On longer term CHF also has good correlation.
Market Correlations – Statements and Assumptions | 20th June, 2017
http://elliottwavegold.com/2017/06/market-correlations-statements-and-assumptions-20th-june-2017/