📊💱G10FX Composite Model Set to Rise For Fourth Consecutive Month: Cable FX Macro
- Rosbel Durán
- Dec 17, 2024
- 1 min read
**As seen in Online Tools> FX Factors, get access now! cablefxm.co.uk
The G10FX model composite has seen back-to-back gains since September, it now records gains of 0.8% MTD. One major change in the basket from November to December is the dollar back in the top ranking of the model, the pound went from first to second top long signal.
December's composite is short SEK and CHF. While we have the SNB surprise 50bps rate cut behind us, we're heading for the Riksbank to decide on monetary policy. Not only the short side of the equation faces near-term risks, but we will also hear from the Fed and the BoE.
By the end of the week, we will have a clear picture of the G10FX composite performance, which is set to deliver gains 10/12 months in 2024.
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