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Barclays Regression Models Favor Going Long CAD, MXN Vs. JPY
To estimate where the moves in USD crosses have been overdone following the Fed's launch of its QE3 program, Barclays measures the regression of the daily changes in various USD crosses against equities (SPX), commodities (CRB) and euro area risk (spread of Italian and Spanish 10y yields to Germany). Comparing the predicted moves in September against the actual moves, Barclays models indicates "that EUR and JPY strength is overdone. At the other end of the spectrum, CAD and MXN still have room to catch up." Based on this regression analysis, Barclays recommends to its clients to go long CAD and MXN against ... (full story)
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- Sep 16, 2012 8:00pm Sep 16, 2012 8:00pm
- ryknowtrade
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- -Melo-
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Alternatives are more important than the plan itself
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- Mingary
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