Podcast by J.P. Morgan analysts on global markets, At Any Rate

At Any Rate

Podcast by J.P. Morgan analysts on global markets

Analysts from J.P. Morgan’s Research team take a closer look at the stories behind some of the biggest trends, themes and developments in markets today.

FX & Rates

<ul><li>Market pricing suggests nearly a 50% chance of a 50 basis point cut by the Fed, leading to uncertainty in the market.</li><li>The direction of the Fed's policy is clear regardless of the cut amount, with aggressive easing likely to continue throughout the year.</li><li>Concerns about labor market weakness in Canada have prompted the Bank of Canada to shift its focus from inflation to potential weakening in economic activity.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Market pricing suggests nearly a 50% chance of a 50 basis point cut by the Fed, leading to uncertainty in the market.The direction of the Fed's policy is clear regardless of the cut amount, with aggressive easing likely to continue throughout the year.Concerns about labor market weakness in Canada have prompted the Bank of Canada to shift its focus from inflation to potential weakening in economic activity.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global FX: Implications from FOMC and other G10 central banks

Data-Driven Commodity Research, The Commodity Report

The Commodity Report

Data-Driven Commodity Research

A unique newsletter about commodities and macro analysis in a weekly format.

Commodities

<ul><li>US-Dollar Reversal Incoming? The signs become more that the USD is topping out. This is the result of our latest currency-assessment.</li><li>Particular interesting could be setups in AUDUSD as well as CADUSD - two currency pairs that have been hit the hardest by the strong USD-cycle over the last months.</li><li>Both pairs trade at multi-year support and are heavily oversold across all metrics.</li></ul>

US-Dollar Reversal Incoming? The signs become more that the USD is topping out. This is the result of our latest currency-assessment.Particular interesting could be setups in AUDUSD as well as CADUSD - two currency pairs that have been hit the hardest by the strong USD-cycle over the last months.Both pairs trade at multi-year support and are heavily oversold across all metrics.

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macroeconomics

<ul><li>Happy Saturday everyone, and welcome back to our weekly positioning watch, where we dissect how traders and investors are positioning themselves in the current market.</li><li>As with every other rally, retail investors end up blindly following the big players, and long risk might very well be the play to make as flows from ETFs and retail investors continue to lift markets.</li><li>And with that in mind, we have spiced up today’s version, moving away from the CFTC report and instead trying to have a look at what various surveys are telling us about the current market.</li></ul>

Happy Saturday everyone, and welcome back to our weekly positioning watch, where we dissect how traders and investors are positioning themselves in the current market.As with every other rally, retail investors end up blindly following the big players, and long risk might very well be the play to make as flows from ETFs and retail investors continue to lift markets.And with that in mind, we have spiced up today’s version, moving away from the CFTC report and instead trying to have a look at what various surveys are telling us about the current market.

Positioning Watch – The Goldilocks Scenario is Intensifying

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.

<ul><li>Reports of the USD’s reserve currency death have been greatly exaggerated, and SWIFT international transaction data reveal a peerless dollar share nearing 50% of all transactions on the network, underscoring its prevailing position as the primary medium of global payments.</li><li>The next closest currency—EUR—hovers just below 25% and is showing signs of a slight pickup after plummeting from near-40% levels in early 2023.</li><li>The USD’s dominance is notable, and its recent ascendance is even more remarkable given that it had languished around 40% over much of the past decade.</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.

Reports of the USD’s reserve currency death have been greatly exaggerated, and SWIFT international transaction data reveal a peerless dollar share nearing 50% of all transactions on the network, underscoring its prevailing position as the primary medium of global payments.The next closest currency—EUR—hovers just below 25% and is showing signs of a slight pickup after plummeting from near-40% levels in early 2023.The USD’s dominance is notable, and its recent ascendance is even more remarkable given that it had languished around 40% over much of the past decade.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 Snapshot - USD Payments Dominance Unchallenged As CAD Unseats CNY

<ul><li>The latest CFTC futures positioning report captured investors’ sentiment as of May 13, representing positioning in the immediate aftermath of the US/China trade talks in Switzerland.</li><li>Overall, the w/w adjustments across most of the reporting currencies were minimal and included a build in the bullish net long EUR position and a widening of the net short CAD position as the net long JPY position was slightly reduced.</li><li>The aggregate USD short narrowed a modest $0.7bn on the week, to $16.5bn.</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.

The latest CFTC futures positioning report captured investors’ sentiment as of May 13, representing positioning in the immediate aftermath of the US/China trade talks in Switzerland.Overall, the w/w adjustments across most of the reporting currencies were minimal and included a build in the bullish net long EUR position and a widening of the net short CAD position as the net long JPY position was slightly reduced.The aggregate USD short narrowed a modest $0.7bn on the week, to $16.5bn.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.

CFTC Weekly Sentiment Report - Speculative Currency Positions Unchanged Post US/China Trade Talks

Canada

The Canadian dollar is the official currency of Canada. 

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CAD (USDCAD CURNCY)

Global FX: Implications from FOMC and other G10 central banks

Market pricing and economist forecasts indicate a significant chance of a 50 basis point cut by the Fed, while Canada's labor market weakness is...

At Any Rate

US-Dollar Reversal Incoming?

Particular interesting could be setups in AUDUSD as well as CADUSD - two currency pairs that have been hit the hardest by the strong USD-cycle over...

The Commodity Report

Positioning Watch – The Goldilocks Scenario is Intensifying

Happy Saturday everyone, and welcome back to our weekly positioning watch, where we dissect how traders and investors are positioned

Steno Research

FX Snapshot - USD Payments Dominance Unchallenged As CAD Unseats CNY

The USD’s dominance is notable, and its recent ascendance is even more remarkable given that it had languished around 40% over much of the past...

Scotiabank

CFTC Weekly Sentiment Report - Speculative Currency Positions Unchanged Post US/China Trade Talks

The latest CFTC futures positioning report captured investors’ sentiment as of May 13, representing positioning in the immediate aftermath of the...

Scotiabank

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)