top of page

💱🔻Trend Favored G10FX/JPY Downside: Cable FX Macro

Writer: Rosbel DuránRosbel Durán

**As seen in FX Quotes report 03/17/23, subscribe at cablefxm.co.uk/reports


  • Looking at the weekly performance in G10FX pairs we note the trend favored downside vs yen. The lower left quadrant captures currencies posting losses on both last and prior weeks

  • However, performance dispersion matters, the AUD led losses the prior week at -3.4%, last week it finished lower by 0.6%. NOK gave in 3.0% to the yen a week prior, followed by this week's 2.9%

  • Despite the fact that we saw momentum in yen, the most recent weekly performance saw a capped upside compared to the prior week. 3/9 currencies showed softer performance vs JPY, the rest were down but to a lesser extent


 
 

コメント


© 2024

CableFXWHITEdropshadow.png
  • Twitter - White Circle

Investing and trading involve risk. This includes the possible loss of principal and fluctuations in value. There is no assurance that objectives will be met. Do not risk capital that you cannot afford to lose.  

bottom of page