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>FX Market Update—The Fed decision added little to the near-term rate outlook on the face of it.</li><li>The policy statement was barely changed at all from September’s but did give a nod to strong growth whilst acknowledging tighter financial (alongside credit) conditions.</li><li>Fed Chairman Powell played it straight at the press conference—not thinking about rate cuts, not confident that policy is restrictive enough and leaving the door open to more tightening. But markets were sniffing out whiffs of dovishness from the chairman— ”proceeding carefully” came up a lot and he did seem to put a bit of distance between where the FOMC is now and the September dots which implied one more hike. </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 Fed decision added little to the near-term rate outlook on the face of it.The policy statement was barely changed at all from September’s but did give a nod to strong growth whilst acknowledging tighter financial (alongside credit) conditions.Fed Chairman Powell played it straight at the press conference—not thinking about rate cuts, not confident that policy is restrictive enough and leaving the door open to more tightening. But markets were sniffing out whiffs of dovishness from the chairman— ”proceeding carefully” came up a lot and he did seem to put a bit of distance between where the FOMC is now and the September dots which implied one more hike. 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 Softer as Market Sees Fed Dovishness

<ul><li>The USD is trading mostly lower against its major peers to start a busy week—one which contains month-end, the FOMC, BoE and BoJ decisions, and US jobs data on Friday.</li><li>A widening ground offensive in Gaza has not unsettled markets to any obvious extent; crude prices have slipped back from Friday’s advance and stocks are generally firmer.</li><li>Bonds are mixed; European yields are slightly lower while Treasury yields are a firmer but holding within Friday’s range. </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 trading mostly lower against its major peers to start a busy week—one which contains month-end, the FOMC, BoE and BoJ decisions, and US jobs data on Friday.A widening ground offensive in Gaza has not unsettled markets to any obvious extent; crude prices have slipped back from Friday’s advance and stocks are generally firmer.Bonds are mixed; European yields are slightly lower while Treasury yields are a firmer but holding within Friday’s range. 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—The USD is trading firmly, but a little off its best levels, ahead of this morning’s data releases.</li><li>Stocks are soft on weak earnings data while a brief incursion into Gaza by the Israeli army overnight added to market anxiety.</li><li>Bonds are little changed, however, and crude oil has drifted a bit while G-10 commodity FX is outperforming, if only very modestly, so the risk off narrative does not fully explain intraday developments on the face of it.</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 firmly, but a little off its best levels, ahead of this morning’s data releases.Stocks are soft on weak earnings data while a brief incursion into Gaza by the Israeli army overnight added to market anxiety.Bonds are little changed, however, and crude oil has drifted a bit while G-10 commodity FX is outperforming, if only very modestly, so the risk off narrative does not fully explain intraday developments on the face of it.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 steadier after yesterday’s swings. Global stocks are mostly positive and US equity futures are in the green.</li><li>Major bond markets are adding to yesterday’s gains but US Treasurys are little changed.</li><li>The USD is trading mixed versus its major currency peers but has edged off the early session low atter European FX weakened on softer data. </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 steadier after yesterday’s swings. Global stocks are mostly positive and US equity futures are in the green.Major bond markets are adding to yesterday’s gains but US Treasurys are little changed.The USD is trading mixed versus its major currency peers but has edged off the early session low atter European FX weakened on softer data. 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 as EUR Slips on Soft PMI Data

<ul><li>FX Market Update—The USD remains firm but gains versus the core majors are relatively minor, leaving the more significant USD advances on day so far concentrated against the likes of the MXN and ZAR as well as the NOK and SEK.</li><li>The GBP, CHF and JPY are all down less than 0.1% while the EUR is fractionally higher at writing. Stocks are lower in Asia and Europe while US futures are weaker.</li><li>Crude prices are slightly lower and bond market volatility remains elevated. US 10Y yields are up 9-10bps in overnight trade, reaching a little above 5%, while core European yields are up 7bps or so on the day. </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 but gains versus the core majors are relatively minor, leaving the more significant USD advances on day so far concentrated against the likes of the MXN and ZAR as well as the NOK and SEK.The GBP, CHF and JPY are all down less than 0.1% while the EUR is fractionally higher at writing. Stocks are lower in Asia and Europe while US futures are weaker.Crude prices are slightly lower and bond market volatility remains elevated. US 10Y yields are up 9-10bps in overnight trade, reaching a little above 5%, while core European yields are up 7bps or so on the day. 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 Firmer but Core Majors Hold Steady

United States

The U.S. Dollar Index(USDX) indicates the general int'l value of the USD. The USDX does this by averaging the exchange rates between the USD and major world currencies. The ICE US computes this by using the rates supplied by some 500 banks. FOR REAL TIME SEE EIS ICEA<GO>.

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Dollar Index (DXY CURNCY)

FX Daily - USD Softer as Market Sees Fed Dovishness

The policy statement was barely changed at all from September’s but did give a nod to strong growth whilst acknowledging tighter financial...

Scotiabank

FX Daily - USD Drifts on Market Calm

The USD is trading mostly lower against its major peers to start a busy week—one which contains month-end, the FOMC, BoE and BoJ decisions, and US...

Scotiabank

FX Daily - USD Firm Ahead of GDP Data

tocks are soft on weak earnings data while a brief incursion into Gaza by the Israeli army overnight added to market anxiety.

Scotiabank

FX Daily - USD Steadies as EUR Slips on Soft PMI Data

FX Market Update—Markets are generally steadier after yesterday’s swings. Global stocks are mostly positive and US equity futures are in the green.

Scotiabank

FX Daily - USD Firmer but Core Majors Hold Steady

The GBP, CHF and JPY are all down less than 0.1% while the EUR is fractionally higher at writing. Stocks are lower in Asia and Europe while US...

Scotiabank

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