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>Non-commercial (speculative) sentiment favouring the USD moderated slightly in the past week’s data.</li><li>Speculative, aggregate net USD longs edged a little lower in the most recent week’s data to USD832mn, down just under USD600mn from the prior week’s report.</li><li>Additional data showed Real Money (institutional traders) paring aggregate USD shorts by around USD5bn in the week while Leveraged Accounts (hedge funds) cut limited aggregate exposure to the USD long side down from USD2.8bn in the prior week to an all but flat USD400mn. </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.

Non-commercial (speculative) sentiment favouring the USD moderated slightly in the past week’s data.Speculative, aggregate net USD longs edged a little lower in the most recent week’s data to USD832mn, down just under USD600mn from the prior week’s report.Additional data showed Real Money (institutional traders) paring aggregate USD shorts by around USD5bn in the week while Leveraged Accounts (hedge funds) cut limited aggregate exposure to the USD long side down from USD2.8bn in the prior week to an all but flat USD400mn. 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 - Bullish USD Sentiment Moderates

<ul><li>The USD is trading marginally lower overall again this morning following signs that sticky inflationary pressures are emerging in—of all places—Japan as well.</li><li>Japan’s January CPI data released last night showed headline and core inflation easing but by quite a bit less than expected.</li><li>Headline inflation fell to 2.2%, from 2.6% in December but was expected to hit 1.9%. </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 marginally lower overall again this morning following signs that sticky inflationary pressures are emerging in—of all places—Japan as well.Japan’s January CPI data released last night showed headline and core inflation easing but by quite a bit less than expected.Headline inflation fell to 2.2%, from 2.6% in December but was expected to hit 1.9%. 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 - JPY Perks Up on Sticky Inflation Signs

<ul><li>Back in January, I thought the stars were aligning for a recovery in the USD (January 16th Snapshot).</li><li>A rebound in US yields, USD-positive seasonality in Q1 plus bullish technical signals suggested the DXY could rally to 104+ while USDCAD might rebound to 1.35/1.36.</li><li>So far, so good. But what now? US data reports suggest the US economy is slowing but continues to move along quite well, pushing back the prospect of a spring rate cut by the Fed to mid-year. </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.

Back in January, I thought the stars were aligning for a recovery in the USD (January 16th Snapshot).A rebound in US yields, USD-positive seasonality in Q1 plus bullish technical signals suggested the DXY could rally to 104+ while USDCAD might rebound to 1.35/1.36.So far, so good. But what now? US data reports suggest the US economy is slowing but continues to move along quite well, pushing back the prospect of a spring rate cut by the Fed to mid-year. 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 - USD Stretches Yield-Based Valuation

<ul><li>The USD is losing ground as North American markets return from the long weekend.</li><li>Trading was quiet Monday, with investors eyeing earnings reports (from tech behemoths) and event risk (Fed speakers, FOMC minutes) due later this week.</li><li>But the USD started to lose ground in early European trade and while movement is relatively limited, losses do looks do look noteworthy and suggest pressure may be building on the USD again. </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 losing ground as North American markets return from the long weekend.Trading was quiet Monday, with investors eyeing earnings reports (from tech behemoths) and event risk (Fed speakers, FOMC minutes) due later this week.But the USD started to lose ground in early European trade and while movement is relatively limited, losses do looks do look noteworthy and suggest pressure may be building on the USD again. 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>The USD is trading a bit more mixed as the dust settles after yesterday’s US CPI shocker.</li><li>Higher than expected prices drove US yields sharply higher, with the 10Y trading well through the 4.20% area that has capped yields recently, supporting broad USD gains.</li><li>Markets generally have steadied this morning; bond yields have retreated somewhat, with Gilts outperforming strongly after UK price data came in weaker than expected, while stocks are trading mostly higher. </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 a bit more mixed as the dust settles after yesterday’s US CPI shocker.Higher than expected prices drove US yields sharply higher, with the 10Y trading well through the 4.20% area that has capped yields recently, supporting broad USD gains.Markets generally have steadied this morning; bond yields have retreated somewhat, with Gilts outperforming strongly after UK price data came in weaker than expected, while stocks are trading mostly higher. 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 Mixed After CPI-Driven Jump

Canada

The Canadian dollar is the official currency of Canada. 

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CAD (USDCAD CURNCY)

Weekly CFTC Sentiment Report - Bullish USD Sentiment Moderates

Waning speculative USD sentiment reflects trends in other indicators suggesting that the improvement in the broad USD tone since the start of the...

Scotiabank

FX Daily - JPY Perks Up on Sticky Inflation Signs

The USD is trading marginally lower overall again this morning following signs that sticky inflationary pressures are emerging in—of all...

Scotiabank

FX Snapshot - USD Stretches Yield-Based Valuation

A rebound in US yields, USD-positive seasonality in Q1 plus bullish technical signals suggested the DXY could rally to 104+ while USDCAD might...

Scotiabank

FX Daily - USD Softer as Yields Retreat

Trading was quiet Monday, with investors eyeing earnings reports (from tech behemoths) and event risk (Fed speakers, FOMC minutes) due later this...

Scotiabank

FX Daily - USD Mixed After CPI-Driven Jump

Higher than expected prices drove US yields sharply higher, with the 10Y trading well through the 4.20% area that has capped yields recently,...

Scotiabank

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