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 latest snapshot of FX positioning reflects only a moderate deterioration in NonCommercial (speculative) USD sentiment in the week through May 27th.</li><li>Data for the major currencies shows a USD900mn increase in aggregate net USD shorts in the week, driving the overall speculative USD short slightly higher for the first time since the start of the May month after a period of consolidation in speculative shorting activity.</li><li>Additional data is mixed. Real Money (institutional) investors added some USD2bn to their already substantial (USD42.3bn) net USD short while Leveraged (hedge fund) traders continue to sit on their hands in essence, flipping from minor net aggregate USD shorts to (as in this week) small net USD longs (USD1.3bn).</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 latest snapshot of FX positioning reflects only a moderate deterioration in NonCommercial (speculative) USD sentiment in the week through May 27th.Data for the major currencies shows a USD900mn increase in aggregate net USD shorts in the week, driving the overall speculative USD short slightly higher for the first time since the start of the May month after a period of consolidation in speculative shorting activity.Additional data is mixed. Real Money (institutional) investors added some USD2bn to their already substantial (USD42.3bn) net USD short while Leveraged (hedge fund) traders continue to sit on their hands in essence, flipping from minor net aggregate USD shorts to (as in this week) small net USD longs (USD1.3bn).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.

Weekly CFTC Sentiment Report - Bearish CAD Sentiment Persists