This week the scorecard recommends buying SEK, NOK, CHF while selling AUD, GBP, JPY.
The long basket this week includes the two Scandinavian currencies, NOK and SEK. Last week's sell-off in both currencies seems overdone according to the model, especially for SEK, while NOK also sees strong support from relative interest rates.
All indicators currently favour a short AUD position and the model recommends selling AUD again this week. Sterling was the best performing currency in the G10 sphere last week and while technical indicators and the risk premium indicator favour a long GBP position, the model indicates that last week's rally seems overdone and recommends selling GBP this week.
Last week's signals resulted in an almost flat performance. Especially the long EUR position was expensive but the loss from the EUR position was neutralised by the gains from the short AUD, CAD and SEK positions.
Next scorecard signals will be sent out 18 February.
To Read the Entire Report Please Click on the pdf File Below.
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G10 FX Financial Scorecard
Published 02/11/2013, 06:05 AM
Updated 05/14/2017, 06:45 AM
G10 FX Financial Scorecard
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