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>Broader USD bullish sentiment continues to fade, according to CFTC data for the week through Tuesday March 4th.</li><li>IMM data shows speculative USD-bullish sentiment retreating for a seventh, successive week, with aggregate USD net longs down by two thirds to just under USD10bn over the past month alone.</li><li>This is the lowest bull bet on the USD among Non-Commercial accounts since late October.</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.

Broader USD bullish sentiment continues to fade, according to CFTC data for the week through Tuesday March 4th.IMM data shows speculative USD-bullish sentiment retreating for a seventh, successive week, with aggregate USD net longs down by two thirds to just under USD10bn over the past month alone.This is the lowest bull bet on the USD among Non-Commercial accounts since late October.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 - USD Sentiment Fades, Traders Increasingly Bullish on JPY

Managing Partner, VRS (Valuation & Research Specialists)

VRS (Valuation & Research Specialists)

Managing Partner

Valuation & Research Specialists (VRS) is a boutique financial advisor with more than 17 years of experience in Corporate Valuation and Finance, and a diversified client base including some of the largest Companies in Greece.

Since 2002, VRS has completed more than 200 engagements in the areas of business valuation and financial analysis for more than 100 clients in a wide range of industries.

VRS has been honored to work with small and large private and publicly traded companies in Europe and overseas.

Boutique Financial Advisor

<ul><li>During the period under consideration, i.e. January 27th, 2025 to February 26th, 2025, the EUR/USD pair posted both downward and upward swings.</li><li>In the beginning, it faced a general decrease, until February 10th where the pair faced a sharp increase.</li><li>After that, it fluctuated sideways in a slight but steady upward momentum, and by the end of the period the price traded at almost the same level as of January 27th. </li></ul>

During the period under consideration, i.e. January 27th, 2025 to February 26th, 2025, the EUR/USD pair posted both downward and upward swings.In the beginning, it faced a general decrease, until February 10th where the pair faced a sharp increase.After that, it fluctuated sideways in a slight but steady upward momentum, and by the end of the period the price traded at almost the same level as of January 27th. 

Comment on Exchange Rate EUR/USD - February 26, 2025

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.

<ul><li>Recent news of a fiscal U turn in Germany has been a game changer, with a proposal for a large infrastructure fund and increased defense spending</li><li>This shift in European fiscal policy has led to a more constructive view on the Euro dollar, with potential for it to reach 112 to 114 area</li><li>Regional investment focus on cheap high beta candidates within the euro bloc, with potential for the broad dollar to be biased to the downside due to US exceptionalism fading and European growth stepping up</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Recent news of a fiscal U turn in Germany has been a game changer, with a proposal for a large infrastructure fund and increased defense spendingThis shift in European fiscal policy has led to a more constructive view on the Euro dollar, with potential for it to reach 112 to 114 areaRegional investment focus on cheap high beta candidates within the euro bloc, with potential for the broad dollar to be biased to the downside due to US exceptionalism fading and European growth stepping upThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global FX and EM: Seeking themes with a shelf-life

<ul><li>CFTC data for the week through Tuesday February 25th reflects a significant further decline in broader USD bullish sentiment.</li><li>Net Non-Commercial (speculative) traders slashed core net USD longs USD8.1bn over the week, the largest one-week sentiment shift against the USD since last August.</li><li>That trend was reflected across data covering other market participants. Leveraged accounts (hedge funds) trimmed net USD longs USD2.3bn while Real Money (institutional) traders moved off neutral on the USD to open a USD6bn net short, their first bearish positioning on the USD in aggregate since early November. </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.

CFTC data for the week through Tuesday February 25th reflects a significant further decline in broader USD bullish sentiment.Net Non-Commercial (speculative) traders slashed core net USD longs USD8.1bn over the week, the largest one-week sentiment shift against the USD since last August.That trend was reflected across data covering other market participants. Leveraged accounts (hedge funds) trimmed net USD longs USD2.3bn while Real Money (institutional) traders moved off neutral on the USD to open a USD6bn net short, their first bearish positioning on the USD in aggregate since early November. 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 - Bullish USD Sentiment in Retreat

<ul><li>Formation of a two-party coalition is seen as good news, as it eliminates the need to bring in additional parties with conflicting views</li><li>Despite differences in specific tools, major parties align on broad objectives such as reducing energy prices and supporting key sectors</li><li>The sense of responsibility to keep far-right parties out of power may drive centrist parties to work together effectively, potentially boosting business sentiment</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Formation of a two-party coalition is seen as good news, as it eliminates the need to bring in additional parties with conflicting viewsDespite differences in specific tools, major parties align on broad objectives such as reducing energy prices and supporting key sectorsThe sense of responsibility to keep far-right parties out of power may drive centrist parties to work together effectively, potentially boosting business sentimentThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global FX and Economics: German elections - “The world isn’t waiting” but the euro will have to

United States

The euro is the official currency of the European Economic & Monetary Union.  The US dollar is the official currency of the United States of America.

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EURO/US DOLLAR (EURUSD CURNCY)

Weekly CFTC Sentiment Report - USD Sentiment Fades, Traders Increasingly Bullish on JPY

IMM data shows speculative USD-bullish sentiment retreating for a seventh, successive week, with aggregate USD net longs down by two thirds to just...

Scotiabank

Comment on Exchange Rate EUR/USD - February 26, 2025

During the period under consideration, i.e. January 27th, 2025 to February 26th, 2025, the EUR/USD pair posted both downward and upward swings.

VRS (Valuation & Research Specialists)

Global FX and EM: Seeking themes with a shelf-life

The analysis suggests a shift in the bullish bias on the dollar due to changes in German fiscal policy and a more constructive outlook on the Euro...

At Any Rate

Weekly CFTC Sentiment Report - Bullish USD Sentiment in Retreat

Combined net USD long positioning is down by USD16.5bn in the latest week’s data to USD21bn, a third of the bullish net position seen just seven...

Scotiabank

Global FX and Economics: German elections - “The world isn’t waiting” but the euro will have to

- The two-party coalition in Germany between CDU, CSU, and SPD aims to address key issues such as energy prices, bureaucracy, and sector support,...

At Any Rate

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