External broker reports(aggregated public sources), Scotiabank

Scotiabank

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>Choppy, range-bound trading in the major currencies continues.</li><li>The US PMI data and a sloppy 5Y auction yesterday helped drive US yields higher and lift the USD off its lows but markets are not showing an awful lot of conviction either way at this point, with event risk looming large on the near-term horizon.</li><li>Focus today turns to Q4 GDP which is expected to reflect a slowing the pace of growth to around 2.0% (the Atlanta Fed’s GDPNow tracking currently sits at 2.2%). </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.

Choppy, range-bound trading in the major currencies continues.The US PMI data and a sloppy 5Y auction yesterday helped drive US yields higher and lift the USD off its lows but markets are not showing an awful lot of conviction either way at this point, with event risk looming large on the near-term horizon.Focus today turns to Q4 GDP which is expected to reflect a slowing the pace of growth to around 2.0% (the Atlanta Fed’s GDPNow tracking currently sits at 2.2%). 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 generally lower again after failing to build on yesterday’s gains against the majors.</li><li>Market sentiment is positive on the day, with Asian (ex-Japan) and European equity markets firmly in the green; US equity futures are positive.</li><li>China announced a cut in bank reserve requirements (to take place in February) and suggested more support measures for stocks may be coming, helping risk sentiment.</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 generally lower again after failing to build on yesterday’s gains against the majors.Market sentiment is positive on the day, with Asian (ex-Japan) and European equity markets firmly in the green; US equity futures are positive.China announced a cut in bank reserve requirements (to take place in February) and suggested more support measures for stocks may be coming, helping risk sentiment.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 Drops Back as Risk Mood Improves

Steno Research

Elias Lisberg Glistrup

Macro and Geopolitical Research House

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macroeconomics

<ul><li>Welcome to this chart-dense edition of the Equity Watch, where we zoom in on the Japanese Nikkei 225 and ponder whether it’s too late to capitalize on its stride, or if the bet in fact has got legs and fundamentals working for it.</li><li>Yesterday morning CET, the BoJ announced its latest monetary policy decision, and once again, it chose to maintain the status quo.</li><li>While FX and FI are synonymous to Japan, its equity market has arguably transformed from under-equitized to one of the hottest bull markets in the uncertain conditions of today.</li></ul>

Welcome to this chart-dense edition of the Equity Watch, where we zoom in on the Japanese Nikkei 225 and ponder whether it’s too late to capitalize on its stride, or if the bet in fact has got legs and fundamentals working for it.Yesterday morning CET, the BoJ announced its latest monetary policy decision, and once again, it chose to maintain the status quo.While FX and FI are synonymous to Japan, its equity market has arguably transformed from under-equitized to one of the hottest bull markets in the uncertain conditions of today.

Equity Watch: Japan – Board or abort Nikkei 225?

<ul><li>FX Market Update—The USD is trading narrowly mixed against the core majors on the session so far but early losses in the EUR are helping lift the DXY back towards the ceiling of the recent consolidation range in the index and giving the USD a generally firmer look.</li><li>The JPY and AUD are leading gains among the G10 currencies, with the KRW and ZAR at the top of the overnight performance league for the expanded major currency universe.</li><li>The BoJ left monetary policy settings on hold, as expected. But Governor Ueda’s said certainty around the price outlook was rising and that policy makers would consider raising rates if the Bank’s price objectives are in sight. </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.

FX Market Update—The USD is trading narrowly mixed against the core majors on the session so far but early losses in the EUR are helping lift the DXY back towards the ceiling of the recent consolidation range in the index and giving the USD a generally firmer look.The JPY and AUD are leading gains among the G10 currencies, with the KRW and ZAR at the top of the overnight performance league for the expanded major currency universe.The BoJ left monetary policy settings on hold, as expected. But Governor Ueda’s said certainty around the price outlook was rising and that policy makers would consider raising rates if the Bank’s price objectives are in sight. 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>FX Market Update—The USD is narrowly mixed in quiet trade. In general, the USD still appears to be consolidating after its early January rebound.</li><li>The recovery in the USD has a bit more to go in my opinion as US short-term yields reprice March FOMC risks but markets need a catalyst to drive more decisive movement.</li><li>Recall that the USD may also find support from bullish seasonal trends while longer-term technical signals suggest potential for the USD to recover more of its Q4 decline.</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.

FX Market Update—The USD is narrowly mixed in quiet trade. In general, the USD still appears to be consolidating after its early January rebound.The recovery in the USD has a bit more to go in my opinion as US short-term yields reprice March FOMC risks but markets need a catalyst to drive more decisive movement.Recall that the USD may also find support from bullish seasonal trends while longer-term technical signals suggest potential for the USD to recover more of its Q4 decline.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 Consolidates, CAD Lifted by Stocks

Japan

The Japanese yen is the official currency of Japan. 

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JPY (USDJPY CURNCY)

FX Daily - USD Holds Range Ahead of GDP

The US PMI data and a sloppy 5Y auction yesterday helped drive US yields higher and lift the USD off its lows but markets are not showing an awful...

Scotiabank

FX Daily - USD Drops Back as Risk Mood Improves

Market sentiment is positive on the day, with Asian (ex-Japan) and European equity markets firmly in the green; US equity futures are positive.

Scotiabank

Equity Watch: Japan – Board or abort Nikkei 225?

Welcome to this chart-dense edition of the Equity Watch, where we zoom in on the Japanese Nikkei 225 and ponder whether it’s too late to...

Steno Research

FX Daily - EUR Weakness Boosts DXY

The JPY and AUD are leading gains among the G10 currencies, with the KRW and ZAR at the top of the overnight performance league for the expanded...

Scotiabank

FX Daily - USD Consolidates, CAD Lifted by Stocks

The USD is narrowly mixed in quiet trade. In general, the USD still appears to be consolidating after its early January rebound.

Scotiabank

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