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>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 EUR Sentiment Turns Bullish

Podcast Exploring Themes Driving Global Markets, Nomura - The Week Ahead

Nomura – The Week Ahead

Podcast Exploring Themes Driving Global Markets

Nomura - The Week Ahead

We explore the main themes that will drive global markets over the coming week, discussing the key market moving events and risks to keep on your radar.

Macroeconomics

<ul><li>Expectations for on-hold decision at upcoming FOMC meeting, with continued emphasis on patience from the Fed</li><li>BoE likely to pause cutting cycle with similar forward guidance, while Bank of Japan expected to skip hiking cycle</li><li>Fed focused on potential inflationary impact of tariffs, balancing risks of growth and price increases in uncertain environment.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Expectations for on-hold decision at upcoming FOMC meeting, with continued emphasis on patience from the FedBoE likely to pause cutting cycle with similar forward guidance, while Bank of Japan expected to skip hiking cycleFed focused on potential inflationary impact of tariffs, balancing risks of growth and price increases in uncertain environment.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

The Week Ahead – Grappling With Uncertainty

<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

<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>Bullish USD sentiment continues to fade. Net Non-Commercial (speculative) USD longs eased USD3bn on aggregate to USD23.5bn in the latest CFTC report covering the week through February 18th.</li><li>Additional data shows aggregate USD long positions held by Leveraged accounts (hedge funds) down USD2.5bn while Real Money (institutional) traders pared aggregate USD longs by a similar amount to sit net flat overall on the USD.</li><li>Combined net USD longs are down by a little over USD8bn in the latest data to total USD37.4bn, the lowest aggregate USD net long since the end of last year and down significantly from peak USD bullishness of near USD61bn seen in mid-January.</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.

Bullish USD sentiment continues to fade. Net Non-Commercial (speculative) USD longs eased USD3bn on aggregate to USD23.5bn in the latest CFTC report covering the week through February 18th.Additional data shows aggregate USD long positions held by Leveraged accounts (hedge funds) down USD2.5bn while Real Money (institutional) traders pared aggregate USD longs by a similar amount to sit net flat overall on the USD.Combined net USD longs are down by a little over USD8bn in the latest data to total USD37.4bn, the lowest aggregate USD net long since the end of last year and down significantly from peak USD bullishness of near USD61bn seen in mid-January.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 Bullish Sentiment Fades

United Kingdom

The British Pound Sterling is the official currency of The United Kingdom. 

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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

The Week Ahead – Grappling With Uncertainty

strategy involves monitoring economic data closely and adjusting policy as needed to achieve their dual mandate of stable prices and maximum...

Nomura – The Week Ahead

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

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

Weekly CFTC Sentiment Report - USD Bullish Sentiment Fades

Net Non-Commercial (speculative) USD longs eased USD3bn on aggregate to USD23.5bn in the latest CFTC report covering the week through February 18th.

Scotiabank

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