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>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

<ul><li>It’s a rather tentative start to the week for markets overall. After fresh highs for the S&amp;P 500 last week, European stocks are advancing modestly (Japan and China were closed today) while bonds are mostly firmer; US 10Y yields are down 1- 2bps while European debt has shed 4-6bps across the major markets.</li><li>The USD itself is mixed; the NOK and SEK are slight outperformers on the session, with the MXN also picking up some support.</li><li>The NZD is at the foot of the intraday performance table, giving up some of the gains made late last week on speculation that the RBNZ would tighten rates a bit more in the coming weeks. </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.

It’s a rather tentative start to the week for markets overall. After fresh highs for the S&amp;P 500 last week, European stocks are advancing modestly (Japan and China were closed today) while bonds are mostly firmer; US 10Y yields are down 1- 2bps while European debt has shed 4-6bps across the major markets.The USD itself is mixed; the NOK and SEK are slight outperformers on the session, with the MXN also picking up some support.The NZD is at the foot of the intraday performance table, giving up some of the gains made late last week on speculation that the RBNZ would tighten rates a bit more in the coming weeks. 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 - Flat USD Looks to CPI for Direction

<ul><li>FX Market Update—The firm USD is consolidating its recent gains.</li><li>There was some drift in the overall performance of the USD (DXY) through Asian and early European trading but the index has rebounded into the start of North American trade to near yesterday’s peak in the index near 104.60.</li><li>Stocks are mixed to a little firmer on the session while bond yields have edged fractionally higher (European debt is underperforming marginally).</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 firm USD is consolidating its recent gains.There was some drift in the overall performance of the USD (DXY) through Asian and early European trading but the index has rebounded into the start of North American trade to near yesterday’s peak in the index near 104.60.Stocks are mixed to a little firmer on the session while bond yields have edged fractionally higher (European debt is underperforming marginally).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 rallied hard on the back of Friday’s US jobs data as US yields popped sharply higher and the currency has built on those gains early Monday following Fed Chairman Powell’s “60 Minutes” interview last night (pre-recorded ahead of the NFP data) which further doused market expectations for a March rate cut.</li><li>Powell said the “danger of moving too soon is that the job is not done” and reiterated that policymakers may not have enough confidence that inflation is moving lower in a sustainable way by March.</li><li>March swaps reflect just 4bps of easing now, with a full 25bps cut not reflected in OIS pricing until June. </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 rallied hard on the back of Friday’s US jobs data as US yields popped sharply higher and the currency has built on those gains early Monday following Fed Chairman Powell’s “60 Minutes” interview last night (pre-recorded ahead of the NFP data) which further doused market expectations for a March rate cut.Powell said the “danger of moving too soon is that the job is not done” and reiterated that policymakers may not have enough confidence that inflation is moving lower in a sustainable way by March.March swaps reflect just 4bps of easing now, with a full 25bps cut not reflected in OIS pricing until June. 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 Recovery Extends on Higher US Yields

Japan

The Japanese yen is the official currency of Japan. 

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JPY (USDJPY CURNCY)

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

FX Daily - Flat USD Looks to CPI for Direction

The USD itself is mixed; the NOK and SEK are slight outperformers on the session, with the MXN also picking up some support.

Scotiabank

FX Daily - USD Consolidates Gains

Stocks are mixed to a little firmer on the session while bond yields have edged fractionally higher (European debt is underperforming marginally).

Scotiabank

FX Daily - USD Recovery Extends on Higher US Yields

Powell said the “danger of moving too soon is that the job is not done” and reiterated that policymakers may not have enough confidence that...

Scotiabank

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