May Forex Portfolio Model makes significant changes

The Saxo Bank Forex Portfolio Model returned 0.59% for the month of April.

The model significantly changes exposure for the month of May, primarily reducing the long AUD and NZD positions (though still long) and increases long positions in  JPY and CHF dramatically. In May, signals were not strong enough to justify positions in SEK and NOK. The biggest signal is currently short EURCHF.

These are the monthly returns for the Forex Portfolio Model since inception on tradingfloor.com:

Apr 0.59%
Mar 0.17%
Feb 2.10%
Jan -0.41%
Dec -0.31%
Nov 0.68%
Oct 0.32%

Compound since inception = 3.16% (5.42% annualized on single leverage)