Risk warning
CFDs are complex instruments. 74–89% of retail investor accounts lose money when trading CFDs.
Tools
Market meters
Three ways to see the market as a whole: whether investors are taking risk or avoiding it, which currencies are strongest and weakest, and which markets are moving together.
Risk-on or risk-off?
One score from five markets: stocks, AUD/JPY and the US 10-year yield rising, with the VIX and gold falling, is risk-on. Each move is measured against its usual size over the past year.
-20Risk-off
−100 risk-off+100 risk-on
S&P 500-0.31 %risk-off
AUD/JPY-0.21 %risk-off
US 10-year yield-0.06 ptrisk-off
VIX+0.29 ptneutral
Gold-0.50 %risk-on
+15Mixed
−100 risk-off+100 risk-on
S&P 500+0.74 %risk-on
AUD/JPY-0.29 %risk-off
US 10-year yield+0.04 ptrisk-on
VIX-1.83 ptrisk-on
Gold-0.71 %neutral
Currency strength
How each major currency moved against the average of all eight. Above zero: stronger than the basket over the period.
CHF+0.41%
GBP+0.35%
EUR+0.29%
CAD+0.27%
JPY+0.04%
AUD-0.18%
USD-0.19%
NZD-0.98%
CAD+0.53%
JPY+0.45%
AUD+0.16%
CHF+0.15%
USD+0.13%
GBP0.00%
EUR-0.33%
NZD-1.09%
CAD+1.12%
CHF+0.91%
GBP+0.75%
AUD+0.26%
USD-0.35%
NZD-0.45%
JPY-0.49%
EUR-1.74%
Correlation
How closely daily moves line up, from −1 (always opposite) to +1 (always together). Pairs quoted against the dollar the other way round (USD/JPY, USD/CHF, USD/CAD) often show negative numbers for the same dollar move.
| EUR/USD | GBP/USD | USD/JPY | AUD/USD | USD/CAD | USD/CHF | Gold | WTI oil | S&P 500 | US 10Y yield | |
|---|---|---|---|---|---|---|---|---|---|---|
| EUR/USD | — | 0.85 | -0.25 | 0.23 | -0.68 | -0.28 | 0.00 | 0.01 | -0.17 | -0.23 |
| GBP/USD | 0.85 | — | -0.31 | 0.27 | -0.53 | -0.25 | -0.03 | -0.10 | 0.01 | -0.10 |
| USD/JPY | -0.25 | -0.31 | — | 0.00 | 0.10 | 0.24 | 0.80 | 0.20 | 0.54 | 0.34 |
| AUD/USD | 0.23 | 0.27 | 0.00 | — | -0.37 | 0.09 | -0.28 | -0.06 | 0.15 | 0.39 |
| USD/CAD | -0.68 | -0.53 | 0.10 | -0.37 | — | 0.60 | -0.13 | -0.27 | 0.32 | 0.47 |
| USD/CHF | -0.28 | -0.25 | 0.24 | 0.09 | 0.60 | — | -0.06 | -0.28 | 0.29 | 0.70 |
| Gold | 0.00 | -0.03 | 0.80 | -0.28 | -0.13 | -0.06 | — | 0.17 | 0.45 | -0.09 |
| WTI oil | 0.01 | -0.10 | 0.20 | -0.06 | -0.27 | -0.28 | 0.17 | — | -0.43 | -0.33 |
| S&P 500 | -0.17 | 0.01 | 0.54 | 0.15 | 0.32 | 0.29 | 0.45 | -0.43 | — | 0.42 |
| US 10Y yield | -0.23 | -0.10 | 0.34 | 0.39 | 0.47 | 0.70 | -0.09 | -0.33 | 0.42 | — |
| EUR/USD | GBP/USD | USD/JPY | AUD/USD | USD/CAD | USD/CHF | Gold | WTI oil | S&P 500 | US 10Y yield | |
|---|---|---|---|---|---|---|---|---|---|---|
| EUR/USD | — | 0.83 | -0.40 | 0.50 | -0.72 | -0.69 | 0.38 | 0.09 | 0.08 | -0.28 |
| GBP/USD | 0.83 | — | -0.40 | 0.54 | -0.64 | -0.66 | 0.33 | 0.04 | 0.16 | -0.24 |
| USD/JPY | -0.40 | -0.40 | — | -0.36 | 0.30 | 0.39 | -0.07 | 0.13 | -0.21 | 0.22 |
| AUD/USD | 0.50 | 0.54 | -0.36 | — | -0.42 | -0.45 | 0.35 | -0.16 | 0.36 | -0.16 |
| USD/CAD | -0.72 | -0.64 | 0.30 | -0.42 | — | 0.66 | -0.28 | -0.30 | 0.11 | 0.31 |
| USD/CHF | -0.69 | -0.66 | 0.39 | -0.45 | 0.66 | — | -0.41 | -0.08 | -0.14 | 0.45 |
| Gold | 0.38 | 0.33 | -0.07 | 0.35 | -0.28 | -0.41 | — | -0.07 | 0.37 | -0.23 |
| WTI oil | 0.09 | 0.04 | 0.13 | -0.16 | -0.30 | -0.08 | -0.07 | — | -0.52 | 0.21 |
| S&P 500 | 0.08 | 0.16 | -0.21 | 0.36 | 0.11 | -0.14 | 0.37 | -0.52 | — | -0.13 |
| US 10Y yield | -0.28 | -0.24 | 0.22 | -0.16 | 0.31 | 0.45 | -0.23 | 0.21 | -0.13 | — |
Calculated by Praevis from daily closes (Yahoo Finance, delayed) up to 29 Oct 2026; updated every four hours, last at 29 Oct 21:00 GMT. These numbers describe moves that already happened; they are not a forecast or a trading signal. Learn how to read them in Module 8 — Intermarket analysis.
RISK DISCLAIMER
Praevis publishes education and market commentary. Nothing here is investment advice. Trading forex, stocks and CFDs carries a high level of risk and may not be suitable for all investors.