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.

Macroeconomics

<ul><li>Broader bearish USD sentiment has moderated somewhat, the latest positioning data from the CFTC shows.</li><li>Non-Commercial Accounts cut short USD positioning by a little over USD3.4bn in the week through Tuesday, taking the aggregate bear bet on the USD versus the major currencies back to USD15.8bn.</li><li>Data shows that Real Money Accounts trimmed their overall short USD position USD2.4bn to USD38.9bn over the week while Leveraged Accounts lifted their (modest) short USD position by USD2.5bn to USD4.8bn.</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.

Broader bearish USD sentiment has moderated somewhat, the latest positioning data from the CFTC shows.Non-Commercial Accounts cut short USD positioning by a little over USD3.4bn in the week through Tuesday, taking the aggregate bear bet on the USD versus the major currencies back to USD15.8bn.Data shows that Real Money Accounts trimmed their overall short USD position USD2.4bn to USD38.9bn over the week while Leveraged Accounts lifted their (modest) short USD position by USD2.5bn to USD4.8bn.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 USD Sentiment Moderates

FX & Rates

<ul>
<li>CFTC data for the week through July 18th reflect a significant deterioration in USD sentiment.</li>
<li>Speculative Accounts’ overall positioning against the USD versus the major currencies reflected an aggregate short position of USD 19.9bn in the latest week.</li>
<li>The week-over-week increase in aggregate USD shorts of USD7.4bn was the largest single week positioning shift against the USD since 2020. </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.


CFTC data for the week through July 18th reflect a significant deterioration in USD sentiment.
Speculative Accounts’ overall positioning against the USD versus the major currencies reflected an aggregate short position of USD 19.9bn in the latest week.
The week-over-week increase in aggregate USD shorts of USD7.4bn was the largest single week positioning shift against the USD since 2020. 

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.

Global FX Strategy - USD Sentiment Deteriorates Sharply

<ul><li>CFTC positioning data show a second successive improvement in speculative USD sentiment but the improvement is limited (less than USD500mn) and Speculative Accounts retain a net short USD position on aggregate of USD12.5bn.</li><li>This is little changed over the past three weeks, perhaps reflecting light, summer trading. Real Money Accounts retain a sizeable aggregate USD short position (USD38bn, up a little under USD2bn on the week) while Leveraged Accounts reversed a small, aggregate USD short position to a minor net long (USD5bn).</li><li>These hedge fund traders have tended to hold a similarly sized net USD long on aggregate since March.</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.

CFTC positioning data show a second successive improvement in speculative USD sentiment but the improvement is limited (less than USD500mn) and Speculative Accounts retain a net short USD position on aggregate of USD12.5bn.This is little changed over the past three weeks, perhaps reflecting light, summer trading. Real Money Accounts retain a sizeable aggregate USD short position (USD38bn, up a little under USD2bn on the week) while Leveraged Accounts reversed a small, aggregate USD short position to a minor net long (USD5bn).These hedge fund traders have tended to hold a similarly sized net USD long on aggregate since March.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 - Speculative USD Sentiment Improves Slightly

New Zealand

The New Zealand dollar is the official currency of New Zealand.  

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

NZD (NZD BGN CURNCY)

Weekly CFTC Sentiment Report - Bearish USD Sentiment Moderates

Non-Commercial Accounts cut short USD positioning by a little over USD3.4bn in the week through Tuesday, taking the aggregate bear bet on the USD

Scotiabank

Global FX Strategy - USD Sentiment Deteriorates Sharply

Speculative Accounts’ overall positioning against the USD versus the major currencies reflected an aggregate short position of USD 19.9bn in the...

Scotiabank

Weekly CFTC Sentiment Report - Speculative USD Sentiment Improves Slightly

CFTC positioning data show a second successive improvement in speculative USD sentiment but the improvement is limited (less than USD500mn)

Scotiabank

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)