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>Bullish dollar sentiment has failed to develop significant momentum over the past weeks and the latest snapshot of positioning amongst IMM-based Non-Commercial traders reflects a further pullback in the speculative USD mood.</li><li>Non-Commercial accounts’ exposure to the (net) long USD trade fell USD1.7bn this week to leave the aggregate bull bet on the USD at just USD445mn.</li><li>Additional data showed Real Money (institutional traders) added around USD6bn to their persistent net USD short positioning, however, while Leveraged Accounts (hedge funds) added USD4bn to a still relatively small net USD long. </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>

Bullish dollar sentiment has failed to develop significant momentum over the past weeks and the latest snapshot of positioning amongst IMM-based Non-Commercial traders reflects a further pullback in the speculative USD mood.Non-Commercial accounts’ exposure to the (net) long USD trade fell USD1.7bn this week to leave the aggregate bull bet on the USD at just USD445mn.Additional data showed Real Money (institutional traders) added around USD6bn to their persistent net USD short positioning, however, while Leveraged Accounts (hedge funds) added USD4bn to a still relatively small net USD long. 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 - USD Sentiment Slips into Neutral