巴黎银行-外汇策略-巴黎银行外汇分析-20170829-bnp paribas steer-the bank for a changing word-bnpparibas

《巴黎银行-外汇策略-巴黎银行外汇分析-20170829-bnp paribas steer-the bank for a changing word-bnpparibas》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:BNPParibasLondonBranchMichaelSneyd,CFA,GlobalHeadofFXStrategy&MacroQuantitativeStrategistNatalieRickard,GraduateNZDUSDshorttermvalue(FV=0.7367)USDMXNshorttermvalue(FV=17.6299)0.7619.180.7518.9818.780.7418.580.7318.380.7218.180.71

2、17.9817.780.7017.580.6917.380.6817.1801-Jun-201701-Jul-201701-Aug-201701-Jun-201701-Jul-201701-Aug-2017STEERNZDUSDSTEERUSDMXNBNPParibasSTEER™Model-TradingSignalsEntryDatePositionEntryRateTargetStopLossCloseRateReturn(%)SignalsUpdatedTodayNewSignals29-Aug-17LO

3、NGUSDSGD1.35341.36041.3499-0.0029-Aug-17LONGUSDCLP*628.18632.25626.15-0.0029-Aug-17SHORTUSDMXN17.941617.795218.0148-0.00ClosedSignals25-Aug-17SHORTUSDBRL3.1530--3.1613(28-Aug-17)-0.26ExistingSignals24-Aug-17LONGNZDUSD0.72080.73670.7122-0.4017-Aug-17SHORTEURSE

4、K9.50369.47139.5657--0.3911-Aug-17LONGUSDTHB33.250033.439633.1552--0.32*Indicativeentry,tobeupdatedonmarketopen.Ifsignallessthan1.5z-scoresundervalued(above628.29)atopen,signalwillnotbeinitiated.Notes:STEER™remainslongNZDUSDtargeting0.7367,STEERsignalsthatre

5、centNZDweaknessappearsoverdone.ThefairvalueremainsstableasthedeclineofUS2yand10yyieldshasbeenpartlyoffsetbytheunderperformanceofNewZealandequities.NZDUSDremainsundervaluedby1.2z-scores.TodaySTEERhasenteredlongUSDversusSGDandCLP,andshortUSDvsMXN.Theextentofth

6、erallyinUSDMXNappearsoverdoneaccordingtoSTEER.STEERalsoremainslongUSDTHB.STEERremainsshortEURSEKtargeting9.4713.TheriseinSwedish2yyieldshasputupwardpressureonthefairvalue.InresponsetotheovernightnewsconcerningNorthKorea,thedeclineinUS10yyieldsand2yyieldshav

7、epusheddownthefairvalueoftheUSDagainstmostG10currencies.USDJPYSTEERisnow108.80.Pleaserefertoimportantinformationattheendofthereportwww.GlobalMarkets.bnpparibas.comBNPParibasSTEER™Model–G10Deviationfromshort-termvalue(z-score)3.02.52.01.51.00.50.0-0.5-1.0-1.5-

8、2.0NZDUSDUSDCADAUDUSDGBPUSDUSDJPYEURNOKEURSEKEURGBPEURCHFEURUSD22-Aug-201729-Aug-2017CurrencyNZDUSDUSDCADAUDUSDGBPUSDUSDJPYEURNOKEURSEKEURGBPEURCHFEURUSDSTEER0.73671.25560.79751.2940108.8