Fundamentals
Relative currency strength from the weighted macro model, refreshed weekly.
Best pair ideas
Largest strength gaps — long the stronger, short the weaker.
- USD/JPY+56.0 gap
- GBP/JPY+43.0 gap
- USD/EUR+43.0 gap
Active divergences
Where fundamentals and institutional positioning disagree.
- Fundamental vs COTEURUSD · May 27, 2026
Divergence — institutions are positioned against the fundamentals. Either fundamentals will deteriorate or institutions get wrong-footed. Reduce size or wait for a COT reversal.
- Fundamental vs COTAUDUSD · May 27, 2026
Divergence — fundamentals improving but COT still net short. Watch for a COT reversal.