This week, the scorecard recommends buying CHF, NOK, NZD - while selling GBP, CAD, EUR.
The top three currencies in this week's long basket are the the three that declined the most against USD last week. With the exception of the FX component, there are no strong signals from the scorecard model indicators among CHF, NOK and NZD. Hence, the mean reverting FX component in the model suggests that last week's sell-off looks overdone, and the scorecard recommends buying CHF, NOK and NZD.
This week, the scorecard recommends selling GBP as indicators for risk premium, interest rates and the technical indicator currently favour a short GBP position. Despite last week's decline in EUR/USD and positive support from the FX component, the short basket this week also consists of EUR. Notably, interest rates, technical and positioning indicators favour a short EUR position at present.
Last week's signals resulted in a 0.2% gain. In particular, the short EUR position performed well last week, while the long AUD position was expensive.
Next scorecard signals will be sent out on March 11.
To Read the Entire Report Please Click on the pdf File Below.
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G10 FX Financial Scorecard
Published 03/04/2013, 07:15 AM
Updated 05/14/2017, 06:45 AM
G10 FX Financial Scorecard
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