G10 FX model: Neutral bias on USD – Westpac

FXStreet (Barcelona) - Richard Franulovich of Westpac uses their proprietary G10 FX Model to suggest the outlook for USD, maintaining a neutral stance for the week ahead.

Key Quotes

“The model ditches its aggressive long USD exposure and shifts back to a neutral stance for the week ahead. Our growth and total yield signals slowly but surely shift in the USD’s favour this week but the bigger story is our short term USD surprise index signal, which after running bullish USD for the last three weeks has shifted back to a neutral stance.”

“With a new month ticking over our long term trend signal has also turned from a bullish USD bias to a more neutral posture as the USD’s uptrend has stalled out in the last three months.”

Jul 7, 2015

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