This week the scorecard recommends buying SEK, EUR and GBP while selling NZD, USD and AUD (see suggested weights in portfolio in table below).

Last week’s signals resulted in a 1.5% loss as the Scorecard was caught on the wrong leg in the negative risk environment. The long CAD position was particularly expensive, while the short NZD position was the only position that returned a profit.

The next scorecard signals will be sent out on 25 January 2016.

This article originally appeared at eFXnews.