RESEARCH / PHASE 02
Correlations
Return relationships across horizons. Association does not establish causality.
Demo channel connecting
Return correlation matrix
Same illustrative event window, symmetric return associations.| INSTRUMENT | EURUSD | GBPUSD | USDJPY | USDCHF | AUDUSD | XAUUSD | XAUAUD |
|---|---|---|---|---|---|---|---|
| EURUSD | +1.00 | +0.84 | -0.71 | -0.76 | +0.63 | +0.31 | +0.18 |
| GBPUSD | +0.84 | +1.00 | -0.64 | -0.69 | +0.59 | +0.27 | +0.16 |
| USDJPY | -0.71 | -0.64 | +1.00 | +0.72 | -0.54 | -0.22 | -0.11 |
| USDCHF | -0.76 | -0.69 | +0.72 | +1.00 | -0.58 | -0.24 | -0.13 |
| AUDUSD | +0.63 | +0.59 | -0.54 | -0.58 | +1.00 | +0.38 | -0.32 |
| XAUUSD | +0.31 | +0.27 | -0.22 | -0.24 | +0.38 | +1.00 | +0.81 |
| XAUAUD | +0.18 | +0.16 | -0.11 | -0.13 | -0.32 | +0.81 | +1.00 |
−1 Inverse0 No linear association+1 Aligned
Fixed synthetic matrix · n = 642 illustrative eventsRelationship stability
EURUSD ↔ GBPUSD91% fixture stability
30m / 2h / 1d correlation+0.84 / +0.79 / +0.71
Horizon buttons select deterministic presentation variants. No historical dataset has been downloaded.
Read the relationship carefully
Correlated returns can share a common USD factor. A correlation matrix neither establishes which instrument led nor proves that a follower still has economically useful movement remaining.
Inspect directed responses →