巴黎银行-外汇-外汇趋势分析-FX Momentum-20170822-BNPParibas.pdfVIP

This document has been produced by:  The SEK has the most bullish momentum in the G10, according to BNP Paribas London Branch our measure. The rise in Swedish 2y yields means that the rates component has become more bullish for the SEK. Michael Sneyd  Bullish EUR momentum has now faded, with its score neutral at +5 Global Head of FX Strategy Macro (-/+ 100 scale). However, the FX component remains very bullish. Quantitative Strategist  JPY momentum has turned bearish over the week as the equity Natalie Rickard component has become less bullish. Graduate  Bearish AUD momentum has increased to a score of -32, but bearish NZD momentum has moderated further this week. Chart 1: Bullish yields support SEK momentum Chart 2: Bullish EUR momentum has now faded Chart 3: Japanese equities become less bullish Chart 4: AUD momentum remains bearish All chart sources: Macrobond, BNP Paribas All chart sources: Macrobond, BNP Paribas In Charts 2 and 4, each component score varies between +/-33.3. In Charts 1 and 3, the overall score is a sum of the three components and varies between +/-100. BNP Paribas FX Momentum (scale of -100 to 100) 100 Bullish momentum 22-Aug-2017 15-Aug-2017 42 50 33 11 5 0