巴黎银行-全球-外汇市场-外汇驱动力-20171030-bnp_paribas-fx_momentum

《巴黎银行-全球-外汇市场-外汇驱动力-20171030-bnp_paribas-fx_momentum》由会员上传分享，免费在线阅读，更多相关内容在行业资料-天天文库。

1、Thisdocumenthasbeenproducedby:ThestrongesttrendinG10FXremainsbearishNZD;theoverallBNPParibasLondonBranchNZDmomentumscoreis-84,itsmostextremescoresince2008.USDmomentumremainsbullishbuttheoverallscorehasNatalieRickardmoderatedonthebackofaslightlylessbullishequitycomponent.FXStrategistEURmom

2、entumhasturnedmorebullish,risingto+16thisweek.MichaelSneydThiswasdrivenmainlybyFXmomentumturningmorebullish.GlobalHeadofFXStrategy&AUDmomentumhasbecomemorebearish,reachingascoreofCross-AssetStrategist-19.Chart1:NZDmomentumverybearishChart2:USDmomentumstillbullish…Chart3:…butUSDequitymomentu

3、mislessbullishChart4:AUDmomentumturnsmorebearishagainAllchartsources:Macrobond,BNPParibasAllchartsources:Macrobond,BNPParibasInCharts2and3,eachcomponentscorevariesbetween+/-33.3.InChart4,theoverallscoreisasumofthethreecomponentsandvariesbetween+/-100.BNPParibasFXmomentum(scaleof-100to100)100

4、Bullishmomentum31-Oct-201724-Oct-2017415020161187410-19-50-100Bearishmomentum-84SEKCADEURUSDNOKCHFGBPJPYAUDNZDSource:BNPParibasPleaserefertoimportantinformationattheendofthereportwww.GlobalMarkets.bnpparibas.comBNPParibasFXmomentumportfolioreturns*Source:Macrobond,BNPParibas*Portfolioofequal

5、ly-weightedbasketsofeachG10currencywithpositionsizesdeterminedbythemomentumscoresand10%voltarget.Indexedto1Jan2010.Three-yearplotofG10currencymomentumscoresUSDoverallmomentumGBPoverallmomentumEURoverallmomentumJPYoverallmomentumAUDoverallmomentumCADoverallmomentumAllchartsources:Macrobond,BN

6、PParibasAllchartsources:Macrobond,BNPParibas31October20172FXQuantInsightwww.GlobalMarkets.bnpparibas.comNZDoverallmomentumCHFoverallmomentumNOKoverallmomentumSEKoverallmomentumAllchartsources:Macrobond,BNPParibasAllchartsources:Macrobond,BNPParibasBriefintroductiontoBNPParibasFXMomentumBNPPa

7、ribasFXMomentummeasuresthestrengthofacurrency’sbullishorbearishtrend,providingascoreforeachcurrencybetween+100and-100.Thelargerthescoreforacurrency,thestrongeritstrendappearstobe.Whenanexchangeratehasatrend,itmeansfuturemovesarelikelytobeinthesamed