Investing.com - Financial Markets Worldwide

G10 FX Financial Scorecard: Long NZD, SEK, CAD Vs Short AUD, USD, JPY‏

ByDanske Markets
Published 08/05/2013, 07:20 AM
Updated 05/14/2017, 06:45 AM
AUD/NZD
0.01%
New research from Danske Bank Markets

This week the scorecard recommends buying NZD, SEK, CAD while selling AUD, USD, JPY.

AUD and NZD were the two biggest losers among G10 last week. However, while last week's sell-off seems overdone, the model remains short AUD, as all other input factors very strongly favour a short AUD position. On the other hand, it is especially interest rates that are favouring a long NZD position and the scorecard recommends buying NZD again this week. Hence, the model points to further downside for AUD/NZD.

The long basket this week also includes SEK as the FX input and the technical input factors favour being long SEK, while the short basket includes USD and JPY. Notably, FX scores support a short USD position this week after last week's appreciation versus most G10 currencies.

Last week's signals resulted in a 1.6% loss. Especially the long JPY position performed well, while the short AUD and NZD positions were expensive.

Next scorecard signals will be sent out on 12 August.

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.