External broker reports(aggregated public sources), Scotiabank

Scotiabank

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.

External broker reports(aggregated public sources)

FX & Rates

<ul><li>The aggregate USD short position was largely unchanged in the week ended July 8, widening a marginal $0.3bn to $18.6bn.</li><li>The position is sizeable and remains close to the bearish end of the range since 2023, however it is still well shy of the extended levels reached in 2020/2021.</li><li>This week’s adjustments offered a continued divergence in EUR and JPY positioning as speculators added to their large bullish EUR positions while paring back their JPY longs. </li></ul><p><em>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.</em></p>

The aggregate USD short position was largely unchanged in the week ended July 8, widening a marginal $0.3bn to $18.6bn.The position is sizeable and remains close to the bearish end of the range since 2023, however it is still well shy of the extended levels reached in 2020/2021.This week’s adjustments offered a continued divergence in EUR and JPY positioning as speculators added to their large bullish EUR positions while paring back their JPY longs. 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 - EUR Bulls Push Long To Fresh High