📊💱Momentum Factor Outperforms, Carry Lags: Cable FX Macro

• A snapshot of our factor performance is due as key data is out of the way. As of last week close, all factors posted gains except carry, which has been the underperformer since the start of the month

• The momentum basket is outperforming all other factors and holds to gains even as the G10FX model composite retreats. This month, momentum holds long yen and franc vs short dollar and NOK. The chart below shows a MTD historic performance of the factor components

• Factor historic performance and current monthly components will be available at Online Tools > G10FX Factors, subscribe at cablefxm.co.uk/reports