This week the scorecard recommends buying CHF, EUR and GBP while selling SEK, CAD and AUD.
Last week's signals resulted in a 0.5% gain. Especially the long GBP performed well, while short SEK was relatively expensive.
Year to date, the Scorecard model has generated a total loss of 10.4%.
The model has in particular been hit hard by the ECB QE announcement. Due to the mean reverting adjustment in the FX score, a strong trend in a currency without significant changes in any of the other financial input factors normally is bad for the model.
Next scorecard signals will be sent out on 18 May.
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