I have started to trade FOREX in a small way.
I was looking at the following link http://www.investopedia.com/articles/forex/05/051905.asp#axzz1fzpk1etc
and was wondering if there is a way I can somehow analyse the correlation between currency pairs e.g. GBP/USD and EUR/USD? Can I get the data for this easily.
I want to understand if by looking at the performance of the EUR/USD pair, I can tell whether on the balance of probabilities the GBP/USD or GBP/EUR will rise.