Investing.com - Financial Markets Worldwide

Australian And Swedish Interest Rates Top Two Performers

ByDanske Markets
Published 03/12/2013, 06:45 AM
Updated 05/14/2017, 06:45 AM
GBP/USD
0.04%

This week, the scorecard recommends buying JPY, AUD, SEK while selling EUR, GBP, CAD

Last week's JPY sell-off seems overdone according to the model and the scorecard recommends a long JPY position this week, even though most other indicators point in a different direction. With the exception of FX scores, all indicators currently favour a long AUD and SEK position. Notably, Australian and Swedish interest rates are the top-two performers among G10 currencies at the moment and despite decent gains versus USD last week in both currencies, the scorecard recommends being long AUD and SEK this week.

For the second consecutive week, the short basket this week consists of EUR, CAD and GBP. Compared to last week, the model is less negative on GBP due to last week's considerable decline in GBP/USD while the short EUR position is scaled up this week.

Last week's signals resulted in an 0.3% loss. The long JPY and CHF positions were expensive, while the short GBP position performed well.

Next scorecard signals will be sent out on March 18.

To Read the Entire Report Please Click on the pdf File Below.

Latest comments

Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.