External broker reports(aggregated public sources), Nordea

Nordea

External broker reports(aggregated public sources)

Nordea is the bank in the Nordics dedicated to serving corporations and institutional customers. Our offering includes a diverse range of financing, cash management and payment services, investment banking, capital markets products, securities services and more. 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 monetary policy account for the ECB’sSeptember meeting showed that the decision to hike rates by 25bp had been a close call, and part of the reason for taking this step was to buy insurance against unanticipated inflation developments</li><li>In fact, the tone of the account was more relaxed compared to previous accounts,illustrating growing confidence that the past measures would be sufficient to bring inflation back to the target.</li><li>Largely gone were the earlier worries about stagflation.</li></ul><p><em>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.</em></p>

The monetary policy account for the ECB’sSeptember meeting showed that the decision to hike rates by 25bp had been a close call, and part of the reason for taking this step was to buy insurance against unanticipated inflation developmentsIn fact, the tone of the account was more relaxed compared to previous accounts,illustrating growing confidence that the past measures would be sufficient to bring inflation back to the target.Largely gone were the earlier worries about stagflation.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>Just as consensus had started to gather around bear steepening driven by rising term premia, war in the Middle East adds to inflation and credit risks.</li><li>So far, the rise in oil prices has been modest.</li><li>However, a spike in energy prices is generally more likely to prompt rate hikes when following a period of too high inflation and less anchored inflation expectations</li></ul><p><em>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.</em></p>

Just as consensus had started to gather around bear steepening driven by rising term premia, war in the Middle East adds to inflation and credit risks.So far, the rise in oil prices has been modest.However, a spike in energy prices is generally more likely to prompt rate hikes when following a period of too high inflation and less anchored inflation expectationsContent 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.

Managing Partner, VRS (Valuation & Research Specialists)

VRS (Valuation & Research Specialists)

Managing Partner

Valuation & Research Specialists (VRS) is a boutique financial advisor with more than 17 years of experience in Corporate Valuation and Finance, and a diversified client base including some of the largest Companies in Greece.

Since 2002, VRS has completed more than 200 engagements in the areas of business valuation and financial analysis for more than 100 clients in a wide range of industries.

VRS has been honored to work with small and large private and publicly traded companies in Europe and overseas.

Boutique Financial Advisor

<div><div><div><div><ul><li>During the period under consideration, i.e. July 3rd – August 4th, 2023, the EUR/USD exchange rate was moving upwards until July 17th, 2023, but thereafter it followed a downward trend.</li><li>However at the start of August, the Euro notched an uplift and was still trading higher than the levels in beginning of July.</li><li>According to Graph 1, during the first twelve trading days of the period under consideration, the pair was fluctuating along the range 1.085-1.125. </li></ul></div></div></div></div>

During the period under consideration, i.e. July 3rd – August 4th, 2023, the EUR/USD exchange rate was moving upwards until July 17th, 2023, but thereafter it followed a downward trend.However at the start of August, the Euro notched an uplift and was still trading higher than the levels in beginning of July.According to Graph 1, during the first twelve trading days of the period under consideration, the pair was fluctuating along the range 1.085-1.125. 

Comment on Exchange Rate EUR/USD - August 4, 2023

External broker reports(aggregated public sources), Scotiabank

Scotiabank

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.

<ul><li>The USD is trading generally softer so far today after four consecutive daily gains that have taken the DXY index to test its 200-day MA.</li><li>That benchmark is holding for a third consecutive day and a lower closer on the session today would give the charts an obviously more negative look.</li><li>Still, firm US Retail Sales data yesterday add to signs that the US economy continues to move along at a very decent clip. </li></ul><p><em>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.</em></p>

The USD is trading generally softer so far today after four consecutive daily gains that have taken the DXY index to test its 200-day MA.That benchmark is holding for a third consecutive day and a lower closer on the session today would give the charts an obviously more negative look.Still, firm US Retail Sales data yesterday add to signs that the US economy continues to move along at a very decent clip. 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 Slips Back, GBP Outperforms on CPI

<ul><li>The USD is trading firmly but is off earlier highs on the session as US yields help shape FX trends.</li><li>Slightly firmer than expected PPI figures Friday gave US yields some additional lift before markets slipped modestly on the back of weaker inflation expectations in the U. Michigan data.</li><li>USD sentiment appears to be improving somewhat; Friday’s CFTC data showed some reduction in overall short USD positioning, mainly reflecting a large-ish reduction in net EUR longs over the week. </li></ul><p><em>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.</em></p>

The USD is trading firmly but is off earlier highs on the session as US yields help shape FX trends.Slightly firmer than expected PPI figures Friday gave US yields some additional lift before markets slipped modestly on the back of weaker inflation expectations in the U. Michigan data.USD sentiment appears to be improving somewhat; Friday’s CFTC data showed some reduction in overall short USD positioning, mainly reflecting a large-ish reduction in net EUR longs over the week. 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 Firm but Off Early High in Quiet Trade

United States

The US dollar is the official currency of the United States of America.

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USD (USD CURNCY)

ECB Watch: At the peak

The monetary policy account for the ECB’sSeptember meeting showed that the decision to hike rates by 25bp had been a close call

Nordea

EUR rates: From the frying pan...

Just as consensus had started to gather around bear steepening driven by rising term premia, war in the Middle East adds to inflation and credit risks

Nordea

Comment on Exchange Rate EUR/USD - August 4, 2023

During the period under consideration, i.e. July 3rd – August 4th, 2023, the EUR/USD exchange rate was moving upwards until July 17th, 2023,...

VRS (Valuation & Research Specialists)

FX Daily - USD Slips Back, GBP Outperforms on CPI

The USD is trading generally softer so far today after four consecutive daily gains that have taken the DXY index to test its 200-day MA.

Scotiabank

FX Daily - USD Firm but Off Early High in Quiet Trade

Slightly firmer than expected PPI figures Friday gave US yields some additional lift before markets slipped modestly on the back of weaker...

Scotiabank

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