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 efficient market hypothesis precludes the persistence of seasonal trends in financial markets in theory, but studies have shown that calendar regularities do appear to persist over the long run in equities, for example (think “sell in May and go away…”), but also currencies.</li><li>FX traders are perhaps a little more dubious about these trends because while they do appear to persist over time, they are not consistent and might not be considered statistically significant.</li><li>With that cautionary note in mind, it is still worth noting the seasonality effect in FX.</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 efficient market hypothesis precludes the persistence of seasonal trends in financial markets in theory, but studies have shown that calendar regularities do appear to persist over the long run in equities, for example (think “sell in May and go away…”), but also currencies.FX traders are perhaps a little more dubious about these trends because while they do appear to persist over time, they are not consistent and might not be considered statistically significant.With that cautionary note in mind, it is still worth noting the seasonality effect in FX.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 - ‘Tis the Season for a Softer USDCAD