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>The speculative USD short was largely unchanged in the week leading up to Friday’s nonfarm payroll release, with the aggregate USD bear bet widening $0.7bn w/w to $9.1bn.</li><li>AUD saw the largest w/w swing with its net short narrowing an impressive $1.1bn w/w to $5.4bn.</li><li>In terms of negative swings, the JPY saw a notable $0.9bn narrowing in its gross long, with $0.5bn for EUR. </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 speculative USD short was largely unchanged in the week leading up to Friday’s nonfarm payroll release, with the aggregate USD bear bet widening $0.7bn w/w to $9.1bn.AUD saw the largest w/w swing with its net short narrowing an impressive $1.1bn w/w to $5.4bn.In terms of negative swings, the JPY saw a notable $0.9bn narrowing in its gross long, with $0.5bn for EUR. 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 Weekly Sentiment Report - Speculative EUR And JPY Positions Are Vulnerable To A Breakout

<ul><li>The aggregate USD short position widened a modest $1.6bn in the week ended August 19, with w/w improvements in all of the reporting currencies with the exception of CAD and AUD.</li><li>The net short GBP position narrowed $1.2bn and the net long EUR position rose $0.4bn.</li><li>The aggregate bear bet in the USD currently stands at $6.1bn, well shy of the extended $20bn short observed in late June. </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 aggregate USD short position widened a modest $1.6bn in the week ended August 19, with w/w improvements in all of the reporting currencies with the exception of CAD and AUD.The net short GBP position narrowed $1.2bn and the net long EUR position rose $0.4bn.The aggregate bear bet in the USD currently stands at $6.1bn, well shy of the extended $20bn short observed in late June. 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 Weekly Sentiment Report - Speculators Re-Established Bearish USD Positions Into Jackson Hole

<ul><li>The aggregate USD short position narrowed $2.5bn in the week ended August 12.</li><li>This was its fifth consecutive week of narrowing, and the current $4.6bn aggregate USD short position is a far cry from the extended (~$20bn) levels observed from mid June to mid July.</li><li>This week’s positioning adjustments remained broad, and were observed across most of the reporting currencies with notable changes in the CAD, JPY, and GBP positions. </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 aggregate USD short position narrowed $2.5bn in the week ended August 12.This was its fifth consecutive week of narrowing, and the current $4.6bn aggregate USD short position is a far cry from the extended (~$20bn) levels observed from mid June to mid July.This week’s positioning adjustments remained broad, and were observed across most of the reporting currencies with notable changes in the CAD, JPY, and GBP positions. 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 Weekly Sentiment Report - Aggregate USD Short Continues To Narrow

<ul><li>The aggregate USD short position narrowed an impressive $4.3bn in the week ended August 5, its fourth consecutive week of narrowing.</li><li>The pace appears to be accelerating, and this week’s adjustment reflected USD-positive changes against all of the reporting currencies with the exception of MXN.</li><li>The aggregate USD short position is now at $7bn, a fraction of the $18.6bn position that represented the recent wides from early July. </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 aggregate USD short position narrowed an impressive $4.3bn in the week ended August 5, its fourth consecutive week of narrowing.The pace appears to be accelerating, and this week’s adjustment reflected USD-positive changes against all of the reporting currencies with the exception of MXN.The aggregate USD short position is now at $7bn, a fraction of the $18.6bn position that represented the recent wides from early July. 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 Weekly Sentiment Report - USD Short Covering Accelerates As GBP Bear Bet Builds

Chief Economist, Aletheia Capital

Dr. Jim Walker

Chief Economist

Independent and original Asian investment research

Aletheia Capital

Aletheia Capital (HK) Ltd. (previously known as Asianomics) combines the extensive knowledge of its experienced team with technology and regulatory changes to disrupt Global Markets business in Asia. The firm is completely independent with no conflicts of interest either on Investment Banking advisory or Capital Markets execution.

Macroeconomics

<ul><li>Both the Federal Reserve and Bank of Japan kept interest rates steady, despite inflationary pressures </li><li>The U.S. faces rising debt servicing costs due to heavy bond issuance, reinforcing the case for sustained higher interest rates</li><li>Expect further normalization in rates globally, with a likely rise in the 10-year U.S. Treasury yield and a bullish outlook on the Japanese Yen.</li></ul>

Both the Federal Reserve and Bank of Japan kept interest rates steady, despite inflationary pressures The U.S. faces rising debt servicing costs due to heavy bond issuance, reinforcing the case for sustained higher interest ratesExpect further normalization in rates globally, with a likely rise in the 10-year U.S. Treasury yield and a bullish outlook on the Japanese Yen.

Walker’s Weekly: Dr. Jim's Summary of Key Global Macro Developments - 1 August 2025

Japan

The Japanese yen is the official currency of Japan. 

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

JPY (USDJPY CURNCY)

CFTC Weekly Sentiment Report - Speculative EUR And JPY Positions Are Vulnerable To A Breakout

The speculative USD short was largely unchanged in the week leading up to Friday’s nonfarm payroll release, with the aggregate USD bear bet...

Scotiabank

CFTC Weekly Sentiment Report - Speculators Re-Established Bearish USD Positions Into Jackson Hole

The aggregate USD short position widened a modest $1.6bn in the week ended August 19, with w/w improvements in all of the reporting currencies with...

Scotiabank

CFTC Weekly Sentiment Report - Aggregate USD Short Continues To Narrow

This was its fifth consecutive week of narrowing, and the current $4.6bn aggregate USD short position is a far cry from the extended (~$20bn)...

Scotiabank

CFTC Weekly Sentiment Report - USD Short Covering Accelerates As GBP Bear Bet Builds

The aggregate USD short position narrowed an impressive $4.3bn in the week ended August 5, its fourth consecutive week of narrowing.

Scotiabank

Walker’s Weekly: Dr. Jim's Summary of Key Global Macro Developments - 1 August 2025

Both the Federal Reserve and Bank of Japan kept interest rates steady, despite inflationary pressures The U.S. faces rising debt servicing...

Dr. Jim Walker

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)