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G10 FX Financial Scorecard: Long NOK, EUR, SEK vs. short USD, NZD, JPY

ByDanske Markets
Published 01/22/2013, 12:23 AM
Updated 05/14/2017, 06:45 AM

This week, the scorecard recommends buying NOK, EUR - SEK while selling USD, NZD, JPY.

The long basket this week consists of the Scandis but for separate reasons: NOK is preferred mainly due to its decline last week whereas the various scores for SEK together add to a relatively bright picture for the krona. For the euro, interest rates are increasingly in favour of the single currency.

The short basket notably takes in USD, mainly on its negative performance last week. The other side of the Pacific is also represented as the risk premium component weigh gradually more on JPY and NZD has moved out of favour due to its decent performance last week as indeed reflected in the scorecard's performance moving into positive territory last week led partly by a long recommendation on the commodity currencies.

Next scorecard signals will be sent out 28 January.
G10 Fx
To Read the Entire Report Please Click on the pdf File Below.

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