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Forex Flash: Looking for short USD signal - Westpac

By FXstreet.com,  August 17, 2012, 01:29:00 PM EDT

FXstreet.com (San Francisco) - According to Richard Franulovich of Westpac in New York, the next signal of Westpac's modes is likely to be "a short USD basket trade," a signal which "could be no more than a few weeks away."

Mr. Franulovich explains: "Next week there are 5 data points going into our US data surprise index. If at least 4 data points beat consensus expectations our surprise index will rise above the upper +1 standard deviation threshold. That will put us on alert for a reversal and a formal model signal that all the good news on the US economy is behind us."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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