External broker reports(aggregated public sources), Scotiabank

Scotiabank

External broker reports(aggregated public sources)

Scotiabank’s global foreign exchange strategy team provides in-depth regional insights and macro-economic analysis for G10 and advanced economies, Asia Pacific, and Latin America. Find technical and fundamental strategy reports focused on trade ideas, market risks, and the unfolding macro outlook. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

FX & Rates

<ul>
<li>Market Update —The USD is trading firmer overall.</li>
<li>Softer equity markets are casting a broadly risk -averse look to FX markets, although bonds have not benefitted from any flight to quality.</li>
<li>Softer than expected Chinese data is weighing on sentiment.</li>
</ul>
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.


Market Update —The USD is trading firmer overall.
Softer equity markets are casting a broadly risk -averse look to FX markets, although bonds have not benefitted from any flight to quality.
Softer than expected Chinese data is weighing on sentiment.

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>FX Market Update —The FOMC decision largely delivered on expectations —a 1/4 point hike and Chairman Powell stressing data dependency on future policy moves.</li><li>September is a “live” meeting by inference but market pricing reflects still low expectations (20% probability) of a hike at the next meeting with a bit less than 50% probability of a move before year end.</li><li>That’s a bit lower than pre -FOMC levels. The shift is hardly decisive but markets are essentially marginally more inclined to feel that the Fed is done with tightening here.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX Market Update —The FOMC decision largely delivered on expectations —a 1/4 point hike and Chairman Powell stressing data dependency on future policy moves.September is a “live” meeting by inference but market pricing reflects still low expectations (20% probability) of a hike at the next meeting with a bit less than 50% probability of a move before year end.That’s a bit lower than pre -FOMC levels. The shift is hardly decisive but markets are essentially marginally more inclined to feel that the Fed is done with tightening here.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX Daily - USD Softer Ahead of ECB and US GDP, PCE

<ul><li>FX Market Update —The Fed is widely expected to tighten 25bps today, taking the Fed funds target rate to 5.50%, but markets will be more intently focused on the messaging around the economy (progress on inflation, labour market developments) and the policy outlook.</li><li>Also of interest will be whether the policy statement or Powell’s press conference indicates the “stretching out ” of rate hikes will extend from here, meaning another “skip ” in September.</li><li>With early November the next opportunity to tighten rates after that and more progress on pushing back on inflationary pressures expected by then, markets may be a bit more convinced that the Fed is very close to, if not at, the top of the rate cycle after today’s hike.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX Market Update —The Fed is widely expected to tighten 25bps today, taking the Fed funds target rate to 5.50%, but markets will be more intently focused on the messaging around the economy (progress on inflation, labour market developments) and the policy outlook.Also of interest will be whether the policy statement or Powell’s press conference indicates the “stretching out ” of rate hikes will extend from here, meaning another “skip ” in September.With early November the next opportunity to tighten rates after that and more progress on pushing back on inflationary pressures expected by then, markets may be a bit more convinced that the Fed is very close to, if not at, the top of the rate cycle after today’s hike.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Australia

The Australian dollar is the official currency of the Commonwealth of Australia.

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AUD (USDAUD CURNCY)

FX Daily - Risk Off Mood Lifts USD

Market Update —The USD is trading firmer overall. Softer equity markets are casting a broadly risk -averse look to FX markets, although bonds have...

Scotiabank

FX Daily - USD Softer Ahead of ECB and US GDP, PCE

FX Market Update —The FOMC decision largely delivered on expectations —a 1/4 point hike and Chairman Powell stressing data dependency on future...

Scotiabank

FX Daily - USD Slips Ahead of the Fed

FX Market Update —The Fed is widely expected to tighten 25bps today, taking the Fed funds target rate to 5.50%, but markets will be more intently...

Scotiabank

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