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Which currency pairs are giving the strongest momentum signals?

Via eFX, the latest FX pair momentum signals from BNP

The following are the latest signals from BNP Paribas FX Momentum which measures the strength of a currency's trend based on FX price action, rates and equities.

"The USD's bullish momentum remains strong with a score of +63. All components of our momentum indicator - FX, rates and equities - have moved in favour of the USD in recent weeks.

On a currency pair basis, the strongest momentum signals are bullish USDCHF and USDNOK and bearish GBPNOK and GBPCHF ," BNPP notes.

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


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

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