G10 FX Financial Scorecard

Published 11/28/2011, 04:19 AM
Updated 05/14/2017, 06:45 AM

Long SEK, AUD and NZD vs. short USD, GBP and CAD

  • This week, the scorecard recommends buying SEK, AUD and NZD while selling USD, GBP and CAD (see suggested weights in portfolio in table below).

  • Swedish rates underperform relative to G10 but the recent SEK sell-off seems overdone. Positioning for AUD and NZD is very positive and the antipodeans appear attractive this week. The USD has been very popular lately due to safe-haven demand but the scorecard indicates that this will end this week. GBP scores low in most categories and could end as the prügelknabe this week.

  • It was clearly too early to add risk to the portfolio last week and the scorecard’s performance suffered. The loss came after four straight weeks with decent profits.

  • Next signals will be sent out 06 December. For a thorough introduction to the scorecard, please see FX Strategy – A G10 FX Financial Scorecard (29 September 2010)


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