Free Trial

Westpac's G10 FX model has added to its.......>

FOREX
FOREX: Westpac's G10 FX model has added to its already outsized CAD long, taking
it up to +27% of the portfolio, the biggest long for the model.
- Westpac note that the "persistent strength in energy prices and more
supportive CAD yield in recent days are boosting our short term logit based
macro momentum and short term TWI fair value signals for CAD. The model's stance
on AUD and NZD on the other hand remains cautious, our growth and fair value
signals notable negatives for both currencies. Among the majors, the model
sticks with the same core positions that have been in place for a few weeks,
albeit trimmed for the week ahead: long USD & JPY, short EUR."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.