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>While the January data round for the US got off to a poor start yesterday, with a much weaker than expected Empire Manufacturing Survey, the USD barely flinched.</li><li>Higher US yields and supportive comments from the Fed’s Waller—who at the very least sounded in no rush to cut rates—helped keep the USD supported.</li><li>The USD is firmer today but has edged off earlier highs versus the majors. </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.

While the January data round for the US got off to a poor start yesterday, with a much weaker than expected Empire Manufacturing Survey, the USD barely flinched.Higher US yields and supportive comments from the Fed’s Waller—who at the very least sounded in no rush to cut rates—helped keep the USD supported.The USD is firmer today but has edged off earlier highs versus the majors. 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 - Weak Risk Mood Adds to USD Support

<ul><li>The USD is stronger on the session and the DXY is finally showing signs of breaking out of the range that has held the major currencies since the US jobs report ten days ago.</li><li>US Treasury yields jumped 6bps as trading restarted after Monday’s holiday. Meanwhile, global equity markets are trading defensively.</li><li>Rising yields and weak risk appetite appear to have sparked a major reaction in the currency market today, with caution around the 11ET comments due from Fed Governor Waller, a hawk, perhaps adding to the lift under the USD. </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 stronger on the session and the DXY is finally showing signs of breaking out of the range that has held the major currencies since the US jobs report ten days ago.US Treasury yields jumped 6bps as trading restarted after Monday’s holiday. Meanwhile, global equity markets are trading defensively.Rising yields and weak risk appetite appear to have sparked a major reaction in the currency market today, with caution around the 11ET comments due from Fed Governor Waller, a hawk, perhaps adding to the lift under the USD. 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 Jump Pressures Post-NFP Ranges

<ul><li>FX Market Update—The USD is trading a little firmer to start the week but the DXY remains effectively range bound, with the broader trend in the USD against the majors still holding within the wide intraday range set by the markets in response to the stronger than expected NFP data on January 5th.</li><li>The MLK Day federal holiday today will keep things relatively quiet, and ranges are unlikely to extend significantly in the absence of US market participants.</li><li>But the somewhat firmer USD tone is appropriate in my opinion, given the recent strength in US economic data and comments from Federal Reserve officials who have suggested market pricing for a March rate cut (19bps at writing) is optimistic. Stocks are trading with a slightly softer bias on the session—but fixed income is a little weaker as well in Europe—giving the USD a mild helping hand on the session. </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 a little firmer to start the week but the DXY remains effectively range bound, with the broader trend in the USD against the majors still holding within the wide intraday range set by the markets in response to the stronger than expected NFP data on January 5th.The MLK Day federal holiday today will keep things relatively quiet, and ranges are unlikely to extend significantly in the absence of US market participants.But the somewhat firmer USD tone is appropriate in my opinion, given the recent strength in US economic data and comments from Federal Reserve officials who have suggested market pricing for a March rate cut (19bps at writing) is optimistic. Stocks are trading with a slightly softer bias on the session—but fixed income is a little weaker as well in Europe—giving the USD a mild helping hand on the session. 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 a little softer overall on the session so far but there is little to suggest FX markets are doing anything different from the trading patterns seen so far this week—idling ahead of tomorrow’s US CPI data.</li><li>The ZAR and AUD lead intraday gains on the USD, closely followed by the NOK—suggesting a pro-risk bias in markets.</li><li>But European stocks are only marginally higher on the session while US futures are narrowly mixed. </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 a little softer overall on the session so far but there is little to suggest FX markets are doing anything different from the trading patterns seen so far this week—idling ahead of tomorrow’s US CPI data.The ZAR and AUD lead intraday gains on the USD, closely followed by the NOK—suggesting a pro-risk bias in markets.But European stocks are only marginally higher on the session while US futures are narrowly mixed. 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—Broad USD losses yesterday were curbed a little above Friday’s intraday low made around the release of the NFP, leaving the DXY still effectively in consolidation mode after its New Year gains.</li><li>Trading impulses look relatively limited this morning, suggesting more range trading for the majors as markets continue to focus on Thursday’s US CPI release as the next major catalyst. Stocks are broadly lower, a plus for the USD.</li><li>Bonds are mostly weaker but Treasurys are out-performing, leaving spreads moving marginally against the USD along the curve. </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—Broad USD losses yesterday were curbed a little above Friday’s intraday low made around the release of the NFP, leaving the DXY still effectively in consolidation mode after its New Year gains.Trading impulses look relatively limited this morning, suggesting more range trading for the majors as markets continue to focus on Thursday’s US CPI release as the next major catalyst. Stocks are broadly lower, a plus for the USD.Bonds are mostly weaker but Treasurys are out-performing, leaving spreads moving marginally against the USD along the curve. 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.

United States

The U.S. Dollar Index(USDX) indicates the general int'l value of the USD. The USDX does this by averaging the exchange rates between the USD and major world currencies. The ICE US computes this by using the rates supplied by some 500 banks. FOR REAL TIME SEE EIS ICEA<GO>.

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Dollar Index (DXY CURNCY)

FX Daily - Weak Risk Mood Adds to USD Support

While the January data round for the US got off to a poor start yesterday, with a much weaker than expected Empire Manufacturing Survey, the USD...

Scotiabank

FX Daily - USD Jump Pressures Post-NFP Ranges

The USD is stronger on the session and the DXY is finally showing signs of breaking out of the range that has held the major currencies since the...

Scotiabank

FX Daily - USD Gains in Quiet Trade

The MLK Day federal holiday today will keep things relatively quiet, and ranges are unlikely to extend significantly in the absence of US market...

Scotiabank

FX Daily - USD Idles Ahead of CPI

he USD is a little softer overall on the session so far but there is little to suggest FX markets are doing anything different from the trading...

Scotiabank

FX Daily - USD Rebounds but Holds Range

Broad USD losses yesterday were curbed a little above Friday’s intraday low made around the release of the NFP, leaving the DXY still effectively...

Scotiabank

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