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Nov 04 - 12:55 PM

G10: Scorecard Signals: Long AUD/USD The Only Moderate USD-Bearish Signal - BofA

By eFXdata  —  Nov 04 - 10:45 AM

Bank of America Global Research discusses the latest output from its scorecard model. The strongest signals are long USD/CHF, and short EUR/USD (see here).

"Long AUDUSD (+2) is our only moderate USD-bearish signal. It is notably supported by the recent re-pricing of RBA expectations (which have retraced from extended levels over the last 24 hours), and accompanying FX price momentum. As such, we worry that the signal could prove less durable," BofA notes. 

Source:
BofA Global Research

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