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>Speculative sentiment towards the USD improved in the week through April 1, the first positive shift in Non-Commercial (speculative) accounts’ positioning in the USD in ten weeks.</li><li>Overall speculative positioning showed a near USD4bn swing in aggregate in favour of the USD over the most recent week’s data, likely reflecting investor caution around tariff news.</li><li>Additional data shows Real Money (institutional) traders were a little less negative on the USD overall as well, paring net USD shorts USD2bn or so to USD21.bn. </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.

Speculative sentiment towards the USD improved in the week through April 1, the first positive shift in Non-Commercial (speculative) accounts’ positioning in the USD in ten weeks.Overall speculative positioning showed a near USD4bn swing in aggregate in favour of the USD over the most recent week’s data, likely reflecting investor caution around tariff news.Additional data shows Real Money (institutional) traders were a little less negative on the USD overall as well, paring net USD shorts USD2bn or so to USD21.bn. 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 - Speculative Traders Edge Back to the USD

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

<ul><li>The investment portfolio for DR/DRx remains unchanged.</li><li>The sharp selloff of the underlying securities in the portfolio yesterday (April 7) on concerns over a potential recession in the global economy amid the tariff turmoil poses downside risk to the portfolio's average return by approximately 12%.</li><li>According to our analysis, the Thai baht (THB) currently appears too weak with respect to the US dollar, which is at its weakest point in the last two years.</li></ul>

The investment portfolio for DR/DRx remains unchanged.The sharp selloff of the underlying securities in the portfolio yesterday (April 7) on concerns over a potential recession in the global economy amid the tariff turmoil poses downside risk to the portfolio's average return by approximately 12%.According to our analysis, the Thai baht (THB) currently appears too weak with respect to the US dollar, which is at its weakest point in the last two years.

KTX Tactical DR / DRX Picks - 8 April 2025 (Eng.)

<ul><li>Sentiment and positioning data continue to suggest a meaningful shift in broader market thinking on the outlook for the USD.</li><li>CFTC data for the week through to last Tuesday indicate a further move away from the USD.</li><li>Non-Commercial (speculative) accounts held a net USD short position (aggregated across the major currencies we monitor in this report) of USD1.7bn after initiating a minor net USD short in the prior week’s data. </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.

Sentiment and positioning data continue to suggest a meaningful shift in broader market thinking on the outlook for the USD.CFTC data for the week through to last Tuesday indicate a further move away from the USD.Non-Commercial (speculative) accounts held a net USD short position (aggregated across the major currencies we monitor in this report) of USD1.7bn after initiating a minor net USD short in the prior week’s data. 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 - Speculative Sentiment Shifts Against the USD

<ul><li>CFTC data covering the March 11th week reflect the recent trend of fading USD bull sentiment.</li><li>Aggregate Non-Commercial (speculative) USD-bullish positioning dropped for the eighth week on the bounce, with these accounts halving net USD longs to USD4.9bn.</li><li>Recall that peak speculative USD bullishness was reached in mid -January when net USD longs reached USD35bn. </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 covering the March 11th week reflect the recent trend of fading USD bull sentiment.Aggregate Non-Commercial (speculative) USD-bullish positioning dropped for the eighth week on the bounce, with these accounts halving net USD longs to USD4.9bn.Recall that peak speculative USD bullishness was reached in mid -January when net USD longs reached USD35bn. 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 – Speculative Traders Turn Bearish on the USD

Weekly CFTC Sentiment Report - Speculative EUR Sentiment Turns Bullish

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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Weekly CFTC Sentiment Report - Speculative Traders Edge Back to the USD

Speculative sentiment towards the USD improved in the week through April 1, the first positive shift in Non-Commercial (speculative) accounts’...

Scotiabank

KTX Tactical DR / DRX Picks - 8 April 2025 (Eng.)

The investment portfolio for DR/DRx remains unchanged. The sharp selloff of the underlying securities in the portfolio yesterday (April 7) on...

Krungthai XSpring

Weekly CFTC Sentiment Report - Speculative Sentiment Shifts Against the USD

Sentiment and positioning data continue to suggest a meaningful shift in broader market thinking on the outlook for the USD.

Scotiabank

Weekly CFTC Sentiment Report – Speculative Traders Turn Bearish on the USD

Aggregate Non-Commercial (speculative) USD-bullish positioning dropped for the eighth week on the bounce, with these accounts halving net USD longs...

Scotiabank

Weekly CFTC Sentiment Report - Speculative EUR Sentiment Turns Bullish

Aggregate Non-Commercial (speculative) USD-bullish positioning dropped for the eighth week on the bounce, with these accounts halving net USD longs...

Scotiabank

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