FX : Cu3M & CADUSD

SAMPLE:

Why is this relationship important?

This relationship is important as a weaker dollar contributes to a higher Cu3M USD/tonne price.
FX : Cu3M & CADUSD

CADUSD Day

CHART

COMMENT

Cu3M price chart : (Top Left)

The chart shows the Cu3m price over the last 500 days along with the 200,100 and 50 simple moving average.

CADUSD price chart : (Middle Left)

The chart shows the CADUSD price over the last 500 days along with the 200,100 and 50 simple moving average.
Cu3M:CADUSD price ratio: (Bottom Left) The chart shows the Cu3M:CADUSD price ratio over the last 500 days

Static Equilibrium:Scatterdiagram of the Cu3M price (y axis) and the CADUSD price (x axis): (Top Right).

Equilibrium Line: Best line through scatterdiagram.Equilibrium Price: Cu3M price corresponding to last point on the equilibrium line.
Distribution of Spread (Middle Right). x axis shows the Cu3m price movement around the equilibrium line. SPREAD: Cu3M price minus the price on Static Equilibrium line.
Dynamic Equilibrium (Spread through Time): (Bottom Right) Target Line:Best line through the Spread through time. Target Price: Cu3m price corresponding to last point on the target line. Upper & Lower: Price corresponding to 1standard deviation above and below the Target Price