📊 Cable FX Macro® G10FX Composite Model: June 2022

• Cable FX Macro G10FX Composite Model for June signals favored the dollar the most, CAD followed. Both currencies were supported by the Carry factor, while Momentum was the USD's biggest contributor

• The Scandi FX complex held the strongest sell signals, SEK was hurt by the Volatility factor, NOK was dragged by the Momentum factor

• The G10FX composite model vs June spot performance recorded an R^2 of 0.48. In line with the model, the dollar led the group, while the JPY was the weakest currency. Scandi FX followed ended the month in the bottom bracket. USD/SEK +4.6%, USD/NOK +4.42%, CAD/NOK +2.8%, CAD/SEK +3.0%

• Read our previous post on the G10FX June Composite Model here.

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