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.
+31Risk-on
−100 risk-off+100 risk-on
S&P 500+0.27 %risk-on
AUD/JPY+0.78 %risk-on
US 10-year yield+0.04 ptrisk-on
VIX-0.13 ptneutral
Gold-0.54 %risk-on
-7Mixed
−100 risk-off+100 risk-on
S&P 500-0.17 %neutral
AUD/JPY+0.49 %risk-on
US 10-year yield-0.12 ptrisk-off
VIX+0.71 ptrisk-off
Gold-2.34 %risk-on
Currency strength
How each major currency moved against the average of all eight. Above zero: stronger than the basket over the period.
AUD+0.60%
USD+0.22%
CAD+0.07%
CHF+0.06%
EUR+0.02%
GBP+0.01%
JPY-0.17%
NZD-0.81%
AUD+0.75%
CAD+0.42%
JPY+0.26%
USD+0.18%
CHF-0.21%
GBP-0.24%
EUR-0.49%
NZD-0.67%
CAD+1.12%
GBP+0.57%
AUD+0.52%
CHF+0.44%
USD+0.10%
JPY-0.40%
NZD-0.50%
EUR-1.85%
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 | — | 0.79 | -0.18 | 0.24 | -0.59 | -0.11 | 0.01 | 0.06 | -0.12 | -0.13 |
| GBP/USD | 0.79 | — | -0.31 | 0.30 | -0.48 | -0.17 | -0.02 | -0.12 | 0.06 | -0.05 |
| USD/JPY | -0.18 | -0.31 | — | -0.01 | 0.10 | 0.26 | 0.77 | 0.24 | 0.51 | 0.35 |
| AUD/USD | 0.24 | 0.30 | -0.01 | — | -0.41 | 0.05 | -0.27 | -0.06 | 0.16 | 0.35 |
| USD/CAD | -0.59 | -0.48 | 0.10 | -0.41 | — | 0.57 | -0.15 | -0.26 | 0.28 | 0.46 |
| USD/CHF | -0.11 | -0.17 | 0.26 | 0.05 | 0.57 | — | -0.09 | -0.25 | 0.26 | 0.71 |
| Gold | 0.01 | -0.02 | 0.77 | -0.27 | -0.15 | -0.09 | — | 0.16 | 0.45 | -0.10 |
| WTI oil | 0.06 | -0.12 | 0.24 | -0.06 | -0.26 | -0.25 | 0.16 | — | -0.43 | -0.30 |
| S&P 500 | -0.12 | 0.06 | 0.51 | 0.16 | 0.28 | 0.26 | 0.45 | -0.43 | — | 0.39 |
| US 10Y yield | -0.13 | -0.05 | 0.35 | 0.35 | 0.46 | 0.71 | -0.10 | -0.30 | 0.39 | — |
| EUR/USD | GBP/USD | USD/JPY | AUD/USD | USD/CAD | USD/CHF | Gold | WTI oil | S&P 500 | US 10Y yield | |
|---|---|---|---|---|---|---|---|---|---|---|
| EUR/USD | — | 0.81 | -0.40 | 0.53 | -0.70 | -0.70 | 0.39 | 0.10 | 0.11 | -0.27 |
| GBP/USD | 0.81 | — | -0.37 | 0.55 | -0.58 | -0.65 | 0.30 | 0.05 | 0.18 | -0.24 |
| USD/JPY | -0.40 | -0.37 | — | -0.35 | 0.29 | 0.39 | -0.07 | 0.13 | -0.21 | 0.22 |
| AUD/USD | 0.53 | 0.55 | -0.35 | — | -0.43 | -0.46 | 0.33 | -0.15 | 0.37 | -0.17 |
| USD/CAD | -0.70 | -0.58 | 0.29 | -0.43 | — | 0.64 | -0.29 | -0.31 | 0.09 | 0.28 |
| USD/CHF | -0.70 | -0.65 | 0.39 | -0.46 | 0.64 | — | -0.41 | -0.08 | -0.16 | 0.44 |
| Gold | 0.39 | 0.30 | -0.07 | 0.33 | -0.29 | -0.41 | — | -0.07 | 0.36 | -0.23 |
| WTI oil | 0.10 | 0.05 | 0.13 | -0.15 | -0.31 | -0.08 | -0.07 | — | -0.52 | 0.21 |
| S&P 500 | 0.11 | 0.18 | -0.21 | 0.37 | 0.09 | -0.16 | 0.36 | -0.52 | — | -0.15 |
| US 10Y yield | -0.27 | -0.24 | 0.22 | -0.17 | 0.28 | 0.44 | -0.23 | 0.21 | -0.15 | — |
Calculated by Praevis from daily closes (Yahoo Finance, delayed) up to 28 Oct 2026; updated every four hours, last at 28 Oct 16:59 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.