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>FX Market Update —The USD remains firm after yesterday gains.</li><li>US Treasurys remain under pressure following the Fitch news and, perhaps more especially, the US Treasury refunding announcement which highlighted a significant increase in supply over the coming year —even though this would not have been a surprise for the Treasury market.</li><li>Weak Treasurys are weighing on global yields and extending pressure on stocks.</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 remains firm after yesterday gains.US Treasurys remain under pressure following the Fitch news and, perhaps more especially, the US Treasury refunding announcement which highlighted a significant increase in supply over the coming year —even though this would not have been a surprise for the Treasury market.Weak Treasurys are weighing on global yields and extending pressure on stocks.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 Supported by Rising Yields

<ul><li>Fitch’s announcement late yesterday that it was cutting the US sovereign credit rating by one notch to AA+ caught the market by surprise.</li><li>The decision was unexpected, even though the agency had put the US on ratings watch negative back in May.</li><li>S&amp;P Global cut its sovereign rating for the US back in 2011 and was widely criticized for the decision then. The Fitch downgrade has also been criticized, with Treasury Sec.</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.

Fitch’s announcement late yesterday that it was cutting the US sovereign credit rating by one notch to AA+ caught the market by surprise.The decision was unexpected, even though the agency had put the US on ratings watch negative back in May.S&amp;P Global cut its sovereign rating for the US back in 2011 and was widely criticized for the decision then. The Fitch downgrade has also been criticized, with Treasury Sec.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 - Fitch Ratings Cut Not Fatal, but Not Good for the USD

<ul>
<li>Market Update —The USD is trading firmer overall.</li>
<li>Softer equity markets are casting a broadly risk -averse look to FX markets, although bonds have not benefitted from any flight to quality.</li>
<li>Softer than expected Chinese data is weighing on sentiment.</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.


Market Update —The USD is trading firmer overall.
Softer equity markets are casting a broadly risk -averse look to FX markets, although bonds have not benefitted from any flight to quality.
Softer than expected Chinese data is weighing on sentiment.

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>USD edged off its lows Tuesday, perhaps reflecting the concerns I noted here yesterday that the sell-off had extended too far, too quickly.</li><li>There was little to support the USD from yesterday’s US data reports. Slower consumer demand and weaker industrial activity bolstered US slowdown expectations.</li><li>There was, however, a Market News report suggesting that Fed policymakers are concerned that rate hikes are feeding into the economy more quickly than anticipated; in other words, the fuller impact of rate hikes is already being felt and it has not been enough to slow the economy sufficient to bear down on prices. </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 edged off its lows Tuesday, perhaps reflecting the concerns I noted here yesterday that the sell-off had extended too far, too quickly.There was little to support the USD from yesterday’s US data reports. Slower consumer demand and weaker industrial activity bolstered US slowdown expectations.There was, however, a Market News report suggesting that Fed policymakers are concerned that rate hikes are feeding into the economy more quickly than anticipated; in other words, the fuller impact of rate hikes is already being felt and it has not been enough to slow the economy sufficient to bear down on prices. 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.

Japan

The Japanese yen is the official currency of Japan. 

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FX Daily - USD Supported by Rising Yields

FX Market Update —The USD remains firm after yesterday gains. US Treasurys remain under pressure following the Fitch news and, perhaps more...

Scotiabank

FX Snapshot - Fitch Ratings Cut Not Fatal, but Not Good for the USD

Fitch’s announcement late yesterday that it was cutting the US sovereign credit rating by one notch to AA+ caught the market by surprise.

Scotiabank

FX Daily - Risk Off Mood Lifts USD

Market Update —The USD is trading firmer overall. Softer equity markets are casting a broadly risk -averse look to FX markets, although bonds have...

Scotiabank

FX Daily - GBP Tumbles on Lower UK CPI

USD edged off its lows Tuesday, perhaps reflecting the concerns I noted here yesterday that the sell-off had extended too far, too quickly.

Scotiabank

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