G10 FX Financial Scorecard: Long NZD, EUR, CHF And Short JPY, GBP, CAD‏

Published 09/30/2013, 05:17 AM
Updated 05/14/2017, 06:45 AM

This week the scorecard recommends buying NZD, EUR, CHF while selling JPY, GBP, CAD (see suggested weights in portfolio in table below).

After having been long JPY for three weeks the scorecard is now suggesting a short position again, supported by the positioning and after the JPY rallied over the past week.

The scorecard is now modestly long SEK and modestly short NOK. The NOK signal reflects broad negative signals across the input factors, whereas the long SEK signal is mainly the result of last week's SEK weakness looking overdone according to the scorecard.

Last week's signals resulted in a 0.8% gain. Especially the short SEK position paid off.

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


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