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.

Macroeconomics

<ul><li>The inauguration speech by President Trump and the string of executive orders signed further suggested that while uncertainty about the exact palette of his measures remains high, he means business.</li><li>Even though his first actions did not include the immediate implementation of tariffs, such measures are also very likely ahead.</li><li>His victory has already been interpreted positively by many in the US, as illustrated by rising economic confidence numbers, especially among small businesses.</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 inauguration speech by President Trump and the string of executive orders signed further suggested that while uncertainty about the exact palette of his measures remains high, he means business.Even though his first actions did not include the immediate implementation of tariffs, such measures are also very likely ahead.His victory has already been interpreted positively by many in the US, as illustrated by rising economic confidence numbers, especially among small businesses.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.

FX & Rates

<ul><li>Early January trading saw little change in FX market positioning, according to the latest CFTC data.</li><li>Broad, USD bullish sentiment persists but the build-up in USD long positioning slowed among Non-Commercial (speculative) accounts—perhaps not too surprisingly.</li><li>Aggregate USD longs increased USD874mn over the past week to reach a total of USD34.6bn—the biggest speculative bull punt on the USD since H1 2018. </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.

Early January trading saw little change in FX market positioning, according to the latest CFTC data.Broad, USD bullish sentiment persists but the build-up in USD long positioning slowed among Non-Commercial (speculative) accounts—perhaps not too surprisingly.Aggregate USD longs increased USD874mn over the past week to reach a total of USD34.6bn—the biggest speculative bull punt on the USD since H1 2018. 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 Sentiment Build for USD Slows

Podcast from BlackRock, The Bid

The Bid

Podcast from BlackRock

The Bid breaks down what’s happening in the world of investing and explores the forces changing the economy and finance. From stock market outlooks and megatrends to geopolitics and technology, BlackRock speaks to thought leaders and industry experts from around the globe about the biggest trends moving markets.

Cross Asset Strategy

<ul><li>The US infrastructure is in need of billions of dollars in investments to bring it up to speed, highlighted by the $1.1 trillion Infrastructure Investment Economy and Jobs act.</li><li>There is a focus on reshoring and revitalizing the US economy through infrastructure investments, with private companies playing a significant role in funding major projects.</li><li>Demographic trends, such as the rise of the millennial generation, are driving demand for housing and impacting the housing market, with lower interest rates potentially helping to alleviate some of the pressures.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

The US infrastructure is in need of billions of dollars in investments to bring it up to speed, highlighted by the $1.1 trillion Infrastructure Investment Economy and Jobs act.There is a focus on reshoring and revitalizing the US economy through infrastructure investments, with private companies playing a significant role in funding major projects.Demographic trends, such as the rise of the millennial generation, are driving demand for housing and impacting the housing market, with lower interest rates potentially helping to alleviate some of the pressures.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

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>Global government issuance trends are bearish, with widening deficits and increasing net issuance in major economies</li>
<li>Euro area, UK, and US are all facing significant supply pressures, leading to concerns about term premium and yield curve steepening</li>
<li>Japan is expected to see a slowdown in net issuance, but QT policies will still impact the JGB curve, potentially leading to a flattening bias in 2025.</li>
</ul>
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.


Global government issuance trends are bearish, with widening deficits and increasing net issuance in major economies
Euro area, UK, and US are all facing significant supply pressures, leading to concerns about term premium and yield curve steepening
Japan is expected to see a slowdown in net issuance, but QT policies will still impact the JGB curve, potentially leading to a flattening bias in 2025.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global Rates - 2025 Global government issuance outlook

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.

<ul>
<li>Happy Sunday, and welcome to my weekly editorial on everything macro and markets.</li>
<li>It’s been an incredibly eventful weekend in Trump-land, and those who expected him to save all the fireworks for the inauguration speech have already been left behind.</li>
<li>To recap, Trump has either officially or via leaks/sources hinted at the following:The launch of the official meme-Trump-coin, which has gone absolutely through the roof, taking SOL to new highs alongside it.</li>
</ul>


Happy Sunday, and welcome to my weekly editorial on everything macro and markets.
It’s been an incredibly eventful weekend in Trump-land, and those who expected him to save all the fireworks for the inauguration speech have already been left behind.
To recap, Trump has either officially or via leaks/sources hinted at the following:The launch of the official meme-Trump-coin, which has gone absolutely through the roof, taking SOL to new highs alongside it.


Steno Signals #181: Welcome to the golden age for risk taking (and scams)

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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Major forecasts: Different strokes

His victory has already been interpreted positively by many in the US, as illustrated by rising economic confidence numbers, especially among small...

Nordea

Weekly CFTC Sentiment Report - Bullish Sentiment Build for USD Slows

Broad, USD bullish sentiment persists but the build-up in USD long positioning slowed among Non-Commercial (speculative) accounts—perhaps not too...

Scotiabank

Rebuilding The US Physical Economy

The US infrastructure is in need of billions of dollars in investments to bring it up to speed, highlighted by the $1.1 trillion Infrastructure...

The Bid

Global Rates - 2025 Global government issuance outlook

Global Macro Research is predicting government trends and fiscal focus, with euro area and UK budget deficits widening and US Treasury Department...

At Any Rate

Steno Signals #181: Welcome to the golden age for risk taking (and scams)

Happy Sunday, and welcome to my weekly editorial on everything macro and markets. It’s been an incredibly eventful weekend in Trump-land, and...

Steno Research

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