External broker reports, Nordea

Nordea

External broker reports

External broker reports(aggregated public sources)

Nordea is the bank in the Nordics dedicated to serving corporations and institutional customers. Our offering includes a diverse range of financing, cash management and payment services, investment banking, capital markets products, securities services and more. 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>EUR government bond issuance is set to remain close to this year’s levels in 2024 and stay well below the record issuance volumes seen in 2020.</li><li>The gross issuance need, measured by bond redemptions and the net public deficit, will amount to around EUR 1300bn next year, slightly below this year and considerably lower compared to the more than EUR 1500bn from 2020.</li><li>Bond redemptions will actually increase in 2024 compared to this year, while the net deficit is set to fall.</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.

EUR government bond issuance is set to remain close to this year’s levels in 2024 and stay well below the record issuance volumes seen in 2020.The gross issuance need, measured by bond redemptions and the net public deficit, will amount to around EUR 1300bn next year, slightly below this year and considerably lower compared to the more than EUR 1500bn from 2020.Bond redemptions will actually increase in 2024 compared to this year, while the net deficit is set to fall.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.

External broker reports(aggregated public sources), Scotiabank

Scotiabank

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>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>The USD is running into the end of the year on a soft note.</li><li>Seasonal trends pointed that way but CAD gains have been bolstered by the stronger risk appetite, as markets price in Fed rate cuts, and firmer industrial metals the correlation table suggests.</li><li>CAD gains are running ahead of fair value but, after a sustained period of undervaluation, that trend may persist. </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 running into the end of the year on a soft note.Seasonal trends pointed that way but CAD gains have been bolstered by the stronger risk appetite, as markets price in Fed rate cuts, and firmer industrial metals the correlation table suggests.CAD gains are running ahead of fair value but, after a sustained period of undervaluation, that trend may persist. 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>For Q1, we see risk/reward skewed towards paying outright. For 2024, we see risk/reward in favour of receiving outright.</li><li>Steepeners are likely to be perform from the beginning of the year and could be the trades of year if soft landing calls materialise.</li><li>Asset swap spread tightening is likely to continue in 2024, but markets may be ready ahead of January’s heavy swapped issuance, and Q1 may not be the quarter for tighteners beyond the first weeks.</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.

For Q1, we see risk/reward skewed towards paying outright. For 2024, we see risk/reward in favour of receiving outright.Steepeners are likely to be perform from the beginning of the year and could be the trades of year if soft landing calls materialise.Asset swap spread tightening is likely to continue in 2024, but markets may be ready ahead of January’s heavy swapped issuance, and Q1 may not be the quarter for tighteners beyond the first weeks.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.

EUR Rates: 2024 – ECB Cuts Are Priced Too Fast, Not Necessarily Too Far

<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

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.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

EURO/US DOLLAR (EURUSD CURNCY)

Bond Watch: Debt deluge

EUR government bond issuance is set to remain close to this year’s levels in 2024 and stay well below the record issuance volumes seen in...

Nordea

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

CAD Weekly Outlook - Merry CADmas

The USD is running into the end of the year on a soft note. Seasonal trends pointed that way but CAD gains have been bolstered by the stronger risk...

Scotiabank

EUR Rates: 2024 – ECB Cuts Are Priced Too Fast, Not Necessarily Too Far

Outright risks are two-way and significant with risks skewed towards receiving outright for 2024. Steepeners and asset swap spread tighteners could...

Nordea

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

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)