📊 Cable FX Macro April G10FX Composite Model Posts Best Performance Since August

• The Cable FX Macro G10FX Composite Model extended gains in April at +4.0% on the month, this followed a rise of 2.6% in March. The monthly performance is the best recorded since August

• So far this year, the composite has closed higher 3/4 months, the Q1 average return was +1.0% with a standard deviation of 1.77%. As of April, the Cable FX Macro G10FX Composite Model holds a Sharpe ratio of 2.5

• April model signals continued to favour EUR and GBP upside, SEK downside. The month recalibration took NOK short out of the composite to be replaced by JPY short

• The biggest overshoot was seen in the CHF as it led the group's gains vs the dollar while it held a neutral signal. SEK was the strongest short, the krone underperformed the group but pared back losses from the second half of the month. CAD undershoot the model as it held a buy signal and fell by about 0.3% to the dollar.

• Cable FX Macro G10FX Composite model is made of equal weighted scores from volatility, carry and momentum factors. For access to our baskets, subscribe at cablefxm.co.uk/members or reach us at contact@cablefxm.co.uk for more information