Investing.com - Financial Markets Worldwide

Playing The AUD

ByDanske Markets
Published 03/25/2013, 02:35 PM
Updated 05/14/2017, 06:45 AM
NOTE
2.47%

This week, the scorecard recommends buying AUD, CAD and GBP while selling NZD, JPY and NOK.

Long The AUD
For the sixth consecutive week, the scorecard recommends buying AUD this week as all input factors with the exception of FX inputs favour a long AUD position. In particular, the interest rates input factor continues to support a long AUD position as Australian interest rates according to the model outperform among G10 currencies.

The short basket this week consists of NZD which was last weeks winner in the G10 sphere. The scorecard also recommends selling JPY and NOK this week as most indicators currently favour being short both currencies.

Last week's signals resulted in a 0.3% loss. In particular, the short GBP and CHF positions were expensive while the long AUD position performed well.

Please note that this weeks signals will run slightly longer than usual because of Easter Monday next week. Accordingly, next week's signals will only be valid for four days. Thus, next scorecard signals will be sent out on April 2.

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

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