FX Radar: G10 Technical Drivers Update

The FX technical radar is currently neutral as markets await clarity on the Iran conflict, with global equities and credit serving as primary drivers.

Key Takeaways

• 1.The technical FX radar is currently broadly neutral as momentum has faded across the G10 complex.
• 2.Geopolitical risk surrounding the Iran war and potential US-Iran agreement is keeping markets in a holding pattern.
• 3.NZD is expected to outperform peers as it loses its funding currency status and benefits from potential lower energy prices via a US-Iran deal.

Table of Contents

• A.1 Technical indicator analysis
• A.2 CTA positioning proxy
• B.1 Factor sensitivity: Main driver & Explanatory power
• C.2 Monthly seasonality since 2015 (excl. 2020)
• Technical set-up over time
• Summary
• Disclaimer

Document Preview

Page 1 of 4

Subscribe for full accessStart Free Trial