Investing.com - Financial Markets Worldwide

G10 FX Financial Scorecard: Long JPY, SEK, EUR Vs Short AUD, USD, GBP‏

ByDanske Markets
Published 05/13/2013, 08:23 AM
Updated 05/14/2017, 06:45 AM
TTEF
-0.10%

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

Last week’s JPY sell-off seems overdone according to the model, and the scorecard recommends buying JPY again this week. This week's long basket also includes SEK and EUR as technical, risk premium and positioning input factors favour being long both currencies.

Despite considerable depreciation versus the USD last week, the scorecard is short both AUD and NZD again this week as all input factors with the exception of FX scores, according to the model, are currently weighing on AUD and NZD. It is the fifth consecutive week that the model is shorting both currencies. Over the past four weeks the short AUD and NZD positions have generated a total weighted return of 2.4%. The scorecard also recommends selling USD this week after last week’s strong performance.

Last week’s signals resulted in a 0.3% gain. In particular, the long JPY position was expensive while the short AUD and NZD positions performed well.

Next scorecard signals will be sent out on May 20.

G10 FX financial scorecard

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.