📊 April G10FX Momentum Model Extends Gains: Cable FX Macro

• Below you'll find the results of our April G10FX momentum model. When we talk about performance, we refer to holding the strongest signals in the model. This month, the strongest momentum signals were long GBP and CHF vs short NZD and AUD

• We have recently noted momentum outperforming other factors during 1Q, as it posted gains every month of the quarter. The model is seen extending in April, however, we're yet to see if these gains are held into the end of the month

• Tuesday session is particularly interesting as the GBP (strongest long signal) is outperforming while antipodes (AUD, NZD) bottom the group. The move is in line with our model signals for April. It is worth noting that sterling is not the top momentum ranker heading into the start of the month, however, no other G10 currency recorded the same level % of quality