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Measured volatility, regime and correlations (majors)
How each major actually behaves, measured on FxPro’s MT5 feed — daily range, annualised volatility, the current volatility regime, trading style and the typical weekend gap:
| Instrument | Avg daily range | Annual volatility | Vol regime | Style | Avg weekend gap |
|---|---|---|---|---|---|
| EUR/USD | 49.3 pips | 4.59% | contracting | choppy | 15 pips |
| GBP/USD | 79.9 pips | 6.15% | stable | choppy | 20.4 pips |
| AUD/USD | 42.2 pips | 7.21% | contracting | mixed | 14.8 pips |
| USD/CAD | 53.6 pips | 3.28% | stable | mixed | 11.2 pips |
| USD/JPY | 64.4 pips | 4.26% | stable | mixed | 15.1 pips |
Measured correlations (14-day): most aligned — EUR/USD/GBP/USD +0.84, EUR/USD/AUD/USD +0.79; most opposed — EUR/USD/USD/CAD -0.57, EUR/USD/USD/JPY -0.55. Pairs that move together stack your risk; opposed pairs can offset it.
Best measured carry (annualised)
| Instrument | Best side | Carry |
|---|---|---|
| XAU/USD (Gold) | short | 2.44% a year |
| USD/JPY | long | 1.54% a year |
| EUR/USD | short | 0.61% a year |
| USD/CAD | long | 0.58% a year |
| GBP/USD | long | -0.85% a year |
ADR is the mean high-to-low over 14 days; volatility is annualised from daily closes; the regime compares recent with longer-run volatility; style is trending vs mean-reverting from the efficiency ratio; carry is the annualised swap yield. Measured, not a forecast.
S&P 500
The S&P 500 tracks 500 of the largest US-listed companies across all sectors and is widely used as a broad gauge of US equity market health. FxPro offers the S&P 500 as an index CFD with leverage up to 1:200 depending on account type and eligibility, accessible through MT4, MT5, cTrader and FxPro Edge.
Sources: www.commbank.com.au · au.finance.yahoo.com · daily.fattail.com.au
Trade index CFDs with FxPro →Gold
Gold (XAU/USD) is a widely followed precious metal often used as a benchmark for risk sentiment and macroeconomic uncertainty. FxPro offers Gold as a metal CFD with spreads from 2.5 pips on Standard accounts or from 1.0 pip on Raw+ accounts, with leverage up to 1:200 available depending on account type and eligibility.
Sources: daily.fattail.com.au · www.investing.com · finance.yahoo.com
Also worth watching
The US Dollar is the world's primary reserve currency, influencing virtually every forex pair and commodity priced in USD. At FxPro, major USD pairs like EUR/USD are available as forex CFDs with spreads from 1.2 pips on Standard accounts or as low as 0.2 pips on Raw+ — tradeable across MT4, MT5, cTrader and FxPro Edge.
Sources: www.mitrade.com
Silver is a precious metal that trades alongside gold but tends to see sharper price swings due to its smaller, more industrially-linked market. FxPro lists Silver within its Metals instrument range as a CFD, with leverage up to 1:200 (subject to account type and eligibility) across MT4, MT5, cTrader and FxPro Edge.
Sources: www.business-standard.com