External broker reports(aggregated public sources), Scotiabank

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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>USD consolidation yesterday after hefty losses last week have developed into more gains on the session so far today.</li><li>Stocks are a bit softer, bonds are better supported, with European fixed income outperforming modestly, while crude prices have dropped back.</li><li>Fed President Kashkari commented late yesterday that it was “too soon to declare victory over inflation”, helping add to the USD’s rebound.</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.

USD consolidation yesterday after hefty losses last week have developed into more gains on the session so far today.Stocks are a bit softer, bonds are better supported, with European fixed income outperforming modestly, while crude prices have dropped back.Fed President Kashkari commented late yesterday that it was “too soon to declare victory over inflation”, helping add to the USD’s rebound.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.

FX Daily - USD Steadies, Focus Turns to Fed Speakers

<ul><li>FX Market Update—The USD is trading broadly lower to start the week.</li><li>Treasury yields have nudged up a little on the session but European bond yields are up 3-4bps more on the day.</li><li>Stocks are lower in Europe but US equity futures are trading in the green. Crude oil prices remain choppy but have reversed some of Friday’s weakness. </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.

FX Market Update—The USD is trading broadly lower to start the week.Treasury yields have nudged up a little on the session but European bond yields are up 3-4bps more on the day.Stocks are lower in Europe but US equity futures are trading in the green. Crude oil prices remain choppy but have reversed some of Friday’s weakness. 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>FX Market Update—Markets are generally calmer ahead of this morning’s data points.</li><li>Stocks are positive in Europe, but gains are modest, while US equity futures are very narrowly mixed after disappointing AAPL results last night.</li><li>Major bond markets are mostly weaker on the day but yields are showing minimal gains. </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.

FX Market Update—Markets are generally calmer ahead of this morning’s data points.Stocks are positive in Europe, but gains are modest, while US equity futures are very narrowly mixed after disappointing AAPL results last night.Major bond markets are mostly weaker on the day but yields are showing minimal gains. 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>This week’s CFTC data show virtually no overall change in market positioning in the week through Tuesday, with investors likely sidelined ahead of the FOMC decision the following day.</li><li>Aggregated positioning across the major currencies we follow here shows NonCommercial (speculative) traders cutting net USD longs by a bare USD24mn, leaving the aggregate position at a little over USD9bn.</li><li>Positioning trends across most major currencies are veering towards neutral. </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 show virtually no overall change in market positioning in the week through Tuesday, with investors likely sidelined ahead of the FOMC decision the following day.Aggregated positioning across the major currencies we follow here shows NonCommercial (speculative) traders cutting net USD longs by a bare USD24mn, leaving the aggregate position at a little over USD9bn.Positioning trends across most major currencies are veering towards neutral. 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 - Little Change in USD Positioning

<ul><li>The USD is mixed to weaker as equity markets push higher and US yields tumble.</li><li>The glaring exception is the JPY which is down more than 1% on the day following the BoJ policy decision earlier.</li><li>Markets are disappointed that the BoJ made only a modest change to its policy stance, announcing that it would take a more flexible approach to its YCC objective and would treat the 1% level for 10Y yields as a “reference point ” from now on.</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 mixed to weaker as equity markets push higher and US yields tumble.The glaring exception is the JPY which is down more than 1% on the day following the BoJ policy decision earlier.Markets are disappointed that the BoJ made only a modest change to its policy stance, announcing that it would take a more flexible approach to its YCC objective and would treat the 1% level for 10Y yields as a “reference point ” from now on.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.

FX Snapshot - Untangling USD Drivers into Year-End

Japan

The Japanese yen is the official currency of Japan. 

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JPY (USDJPY CURNCY)

FX Daily - USD Steadies, Focus Turns to Fed Speakers

Stocks are a bit softer, bonds are better supported, with European fixed income outperforming modestly, while crude prices have dropped back.

Scotiabank

FX Daily - USD Strength Unravels

The USD is trading broadly lower to start the week. Treasury yields have nudged up a little on the session but European bond yields are up 3-4bps...

Scotiabank

FX Daily - USD Remains Soft into NFP

Stocks are positive in Europe, but gains are modest, while US equity futures are very narrowly mixed after disappointing AAPL results last night.

Scotiabank

Weekly CFTC Sentiment Report - Little Change in USD Positioning

This week’s CFTC data show virtually no overall change in market positioning in the week through Tuesday, with investors likely sidelined ahead of...

Scotiabank

FX Snapshot - Untangling USD Drivers into Year-End

The USD is mixed to weaker as equity markets push higher and US yields tumble. The glaring exception is the JPY which is down more than 1% on the...

Scotiabank

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