This week, the scorecard recommends buying JPY, AUD and GBP while selling SEK, USD and NOK.
Last week's sell-off in JPY seems overdone according to the scorecard, and the model recommends a long JPY position this week, even though most other input factors point in the other direction. Australian interest rates continue to outperform among G10 currencies, and after last week's decline versus the USD, the scorecard recommends being long AUD for the eighth week running.
The short basket this week includes two Scandinavian currencies: NOK and SEK. However, while FX, interest rates and technical input factors this week favour a short SEK position, the short NOK position is suggested on the back of last week's NOK rally.
Last week's signals resulted in a 1.6% gain. The short JPY position performed well In particular.
Next scorecard signals will be sent out on April 15.
To Read the Entire Report Please Click on the pdf File Below.
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G10 FX Financial Scorecard: April 8, 2013
Published 04/08/2013, 08:00 AM
Updated 05/14/2017, 06:45 AM
G10 FX Financial Scorecard: April 8, 2013
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