External broker reports(aggregated public sources), Scotiabank

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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>The USD is trading a little lower on the session. The USD’s New Year rally has stalled, with the EUR gaining a little ground over the course of the European morning session on supportive data.</li><li>The JPY is underperforming amid speculation that the Ishikawa earthquake will leave the BoJ reluctant to adjust monetary policy in the near term, however.</li><li>Broader USD losses are perhaps no more than a pause in the recent rebound which still has room to play out, in my opinion. </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 USD is trading a little lower on the session. The USD’s New Year rally has stalled, with the EUR gaining a little ground over the course of the European morning session on supportive data.The JPY is underperforming amid speculation that the Ishikawa earthquake will leave the BoJ reluctant to adjust monetary policy in the near term, however.Broader USD losses are perhaps no more than a pause in the recent rebound which still has room to play out, in my opinion. 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 Edges Lower but Finds Support on Dips

<ul><li>FX Market Update—The USD ended 2023 on a soft note, but a little off the low made on December 28th which was the lowest the DXY traded at since July.</li><li>Overall, the DXY registered a down year in 2023, losing around 4% overall after two years of solid gains.</li><li>The holiday period has been relatively quiet. The JPY and CHF have tended to outperform since the 24th while sterling and the EUR are relative underperformers among the majors—but are effectively little changed since just before the holiday break. </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 USD ended 2023 on a soft note, but a little off the low made on December 28th which was the lowest the DXY traded at since July.Overall, the DXY registered a down year in 2023, losing around 4% overall after two years of solid gains.The holiday period has been relatively quiet. The JPY and CHF have tended to outperform since the 24th while sterling and the EUR are relative underperformers among the majors—but are effectively little changed since just before the holiday break. 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>Not quite the night before Christmas and some things are still stirring across markets ahead of the holidays.</li><li>The USD is broadly weaker versus the major currencies as markets position ahead of this morning’s data round. Month-end flows may also be weighing on the USD.</li><li>The EUR has risen through recent peaks to trade at its best level since August. </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.

Not quite the night before Christmas and some things are still stirring across markets ahead of the holidays.The USD is broadly weaker versus the major currencies as markets position ahead of this morning’s data round. Month-end flows may also be weighing on the USD.The EUR has risen through recent peaks to trade at its best level since August. 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>This week’s CFTC data reflect a deepening of USD bearish sentiment among investors.</li><li>Aggregate USD short positioning by Non -Commercial (speculative) accounts doubled in the week through Tuesday to reach USD6.3bn.</li><li>Additional data shows Leveraged Accounts (hedge funds) reducing net USD longs slightly but exposure is holding close to recent levels.</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.

This week’s CFTC data reflect a deepening of USD bearish sentiment among investors.Aggregate USD short positioning by Non -Commercial (speculative) accounts doubled in the week through Tuesday to reach USD6.3bn.Additional data shows Leveraged Accounts (hedge funds) reducing net USD longs slightly but exposure is holding close to recent levels.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.

Weekly CFTC Sentiment Report - Bearish USD Sentiment Grows, JPY Shorts Covered

<ul>
<li>FX Market Update —The USD is trading lower ahead of the US CPI print at 8.30ET.</li>
<li>The USD rebound through early December may be peaking but soft inflation data will be needed to add to the softer tone that is developing as the DXY shows signs of topping out around the 104.20 area —the 38.2% Fibonacci retracement of the November drop in the index.</li>
<li>Trading overnight reflects a somewhat positive tone, adding to USD headwinds. Stocks are flattish in Europe but US equity futures are trading in the green.</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 USD is trading lower ahead of the US CPI print at 8.30ET.
The USD rebound through early December may be peaking but soft inflation data will be needed to add to the softer tone that is developing as the DXY shows signs of topping out around the 104.20 area —the 38.2% Fibonacci retracement of the November drop in the index.
Trading overnight reflects a somewhat positive tone, adding to USD headwinds. Stocks are flattish in Europe but US equity futures are trading in the green.

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 Slips Ahead of CPI, CAD Underperforms

Switzerland

The Swiss franc is the official currency of Switzerland.

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CHF (USDCHF CURNCY)

FX Daily - USD Edges Lower but Finds Support on Dips

he USD’s New Year rally has stalled, with the EUR gaining a little ground over the course of the European morning session on supportive data.

Scotiabank

FX Daily - Oversold USD Rebounds

The USD ended 2023 on a soft note, but a little off the low made on December 28th which was the lowest the DXY traded at since July.

Scotiabank

FX Daily - USD Slides Ahead of Data

The USD is broadly weaker versus the major currencies as markets position ahead of this morning’s data round. Month-end flows may also be weighing...

Scotiabank

Weekly CFTC Sentiment Report - Bearish USD Sentiment Grows, JPY Shorts Covered

Aggregate USD short positioning by Non -Commercial (speculative) accounts doubled in the week through Tuesday to reach USD6.3bn.

Scotiabank

FX Daily - USD Slips Ahead of CPI, CAD Underperforms

The USD rebound through early December may be peaking but soft inflation data will be needed to add to the softer tone that is developing as the...

Scotiabank

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