Long NOK, SEK and AUD vs. Short USD, NZD and JP

Published 03/12/2012, 06:47 AM
Updated 05/14/2017, 06:45 AM
  • This week, the scorecard recommends buying NOK, SEK and AUD while selling
  • USD, NZD and JPY(see suggested weights in portfolio in table below).  
  • The Scandies suffered against all other G10 currencies last week but the Scorecard is willing to give both the NOK and the SEK a new chance this week. Input factors aren’t impressive but nevertheless good enough to place these two on top of the list. Apart from a positive technical momentum, the US dollar looks tired after last week’s rally. The NZD is just a very negative story and the JPY score low in risk assessment.  
  • Last week’s signals delivered a 0.9% loss as the short US dollar, sterling and yen positions weren’t enough to outweigh the long Swiss franc and Scandies positions.
  • Next scorecard signals will be sent out 17 March. For a thorough introduction to the scorecard, please see FX Strategy – A G10 FX Financial Scorecard (29 September 2010)
  • G10 FX financial scorecard & Signals on selected currency pairs

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