This week, the scorecard recommends buying AUD, NOK and CAD while selling CHF, GBP and EUR.
All input factors with the exception of FX inputs favour a long AUD position and for the fifth consecutive week, the scorecard recommends a long AUD this week. NOK was last week's worst-performing currency in the G10 sphere and last week's sell-off seems overdone according to the model. Thus, the scorecard recommends a long NOK position even though all other indicators currently point in the other direction.
GBP and CHF were among the best-performing currencies among G10 last week and the scorecard recommends being short GBP and CHF this week. In particular, the input factor for risk premiums favours a short GBP position while the positioning input factor favours being short both GBP and CHF.
Last week's signals resulted in a 1.1% gain. The long JPY and AUD positions and the short EUR position performed especially well.
Next scorecard signals will be sent out on 25 March.
To Read the Entire Report Please Click on the pdf File Below.
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G10 FX Financial Scorecard: March 18, 2013
Published 03/18/2013, 09:46 AM
Updated 05/14/2017, 06:45 AM
G10 FX Financial Scorecard: March 18, 2013
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