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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>FX Market Update —The USD is trading lower ahead of the US CPI print at 8.30ET.</li>
<li>The USD rebound through early December may be peaking but soft inflation data will be needed to add to the softer tone that is developing as the DXY shows signs of topping out around the 104.20 area —the 38.2% Fibonacci retracement of the November drop in the index.</li>
<li>Trading overnight reflects a somewhat positive tone, adding to USD headwinds. Stocks are flattish in Europe but US equity futures are trading in the green.</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 lower ahead of the US CPI print at 8.30ET.
The USD rebound through early December may be peaking but soft inflation data will be needed to add to the softer tone that is developing as the DXY shows signs of topping out around the 104.20 area —the 38.2% Fibonacci retracement of the November drop in the index.
Trading overnight reflects a somewhat positive tone, adding to USD headwinds. Stocks are flattish in Europe but US equity futures are trading in the green.

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 Slips Ahead of CPI, CAD Underperforms

<ul><li>FX Market Update—The USD retains a firm undertone ahead of a busy week for markets—before markets start to slow down ahead of the holidays, in all likelihood.</li><li>US data this week includes CPI data tomorrow and Retail Sales data on Thursday and there is the small matter of the FOMC in between.</li><li>Policy decisions are also due from the ECB, BoE and Banxico this week. The USD is holding on to the gains that have accumulated through December so far—despite typically negative seasonal patterns for the USD running into the end of the year. </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 retains a firm undertone ahead of a busy week for markets—before markets start to slow down ahead of the holidays, in all likelihood.US data this week includes CPI data tomorrow and Retail Sales data on Thursday and there is the small matter of the FOMC in between.Policy decisions are also due from the ECB, BoE and Banxico this week. The USD is holding on to the gains that have accumulated through December so far—despite typically negative seasonal patterns for the USD running into the end of the year. 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 Remains Firm, GBP Outperforms

<ul><li>The USD is ending the week and starting the month somewhat on the defensive versus most major currencies although the DXY itself is little changed on the day.</li><li>FX is consolidating yesterday’s broad dollar gains which stalled right on the DXY’s 200-day MA (103.59). US Treasury yields are flat on the day while stocks are trading positively.</li><li>Despite yesterday’s recovery in the USD, headwinds—lower yields specifically but seasonal trends in December and broadly bearish technicals—all suggest more USD softness ahead in the next few weeks and perhaps beyond. </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 ending the week and starting the month somewhat on the defensive versus most major currencies although the DXY itself is little changed on the day.FX is consolidating yesterday’s broad dollar gains which stalled right on the DXY’s 200-day MA (103.59). US Treasury yields are flat on the day while stocks are trading positively.Despite yesterday’s recovery in the USD, headwinds—lower yields specifically but seasonal trends in December and broadly bearish technicals—all suggest more USD softness ahead in the next few weeks and perhaps beyond. 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 Ahead of Fed Comments

<ul><li>Comments from Fed hawk Waller that he was encouraged by what policymakers had learned recently pressured US yields and the USD yesterday.</li><li>Additional comments on how quickly—hypothetically—rates could fall saw front-end yields rally.</li><li>Waller’s colleague Bowman was a bit more measured in her remarks but markets sense that the Fed cycle is done and focus is shifting to the timing of rate cuts. </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.

Comments from Fed hawk Waller that he was encouraged by what policymakers had learned recently pressured US yields and the USD yesterday.Additional comments on how quickly—hypothetically—rates could fall saw front-end yields rally.Waller’s colleague Bowman was a bit more measured in her remarks but markets sense that the Fed cycle is done and focus is shifting to the timing of rate cuts. 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 Edges Off Low but Headwinds Remain

<ul><li>FX Market Update—The USD is narrowly mixed against the major currencies in calm trade.</li><li>Global stocks are mostly lower on the session while major bond markets are slightly softer, driving 10Y bond yields a tick or so higher.</li><li>US 10Y bond yields fell some 10bps yesterday, adding to pressure on the USD broadly. </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 narrowly mixed against the major currencies in calm trade.Global stocks are mostly lower on the session while major bond markets are slightly softer, driving 10Y bond yields a tick or so higher.US 10Y bond yields fell some 10bps yesterday, adding to pressure on the USD broadly. 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 Mixed but Lower Yields Weigh

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The Mexican peso is the official currency of Mexico. 

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FX Daily - USD Slips Ahead of CPI, CAD Underperforms

The USD rebound through early December may be peaking but soft inflation data will be needed to add to the softer tone that is developing as the...

Scotiabank

FX Daily - USD Remains Firm, GBP Outperforms

FX Market Update—The USD retains a firm undertone ahead of a busy week for markets—before markets start to slow down ahead of the holidays, in all...

Scotiabank

FX Daily - USD Steadies Ahead of Fed Comments

The USD is ending the week and starting the month somewhat on the defensive versus most major currencies although the DXY itself is little changed...

Scotiabank

FX Daily - USD Edges Off Low but Headwinds Remain

Comments from Fed hawk Waller that he was encouraged by what policymakers had learned recently pressured US yields and the USD yesterday.

Scotiabank

FX Daily – USD Mixed but Lower Yields Weigh

lobal stocks are mostly lower on the session while major bond markets are slightly softer, driving 10Y bond yields a tick or so higher.

Scotiabank

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