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>Markets retain a cautious undertone after China reported weaker than expected loan data (new loans dropped to the lowest since 2009), underscoring growth concerns.</li><li>The CNY weakened to its lowest level in a month. Global stocks are trading lower while major bond markets (ex Treasurys are weaker).</li><li>The USD is holding relatively firm amid soft risk sentiment, near yesterday’s high in DXY terms, but gains are not universal, and the dollar index still appears to be encountering resistance in the mid/ upper 102 area after rebounding strongly from the intraday lows seen around the US CPI report yesterday. </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.

Markets retain a cautious undertone after China reported weaker than expected loan data (new loans dropped to the lowest since 2009), underscoring growth concerns.The CNY weakened to its lowest level in a month. Global stocks are trading lower while major bond markets (ex Treasurys are weaker).The USD is holding relatively firm amid soft risk sentiment, near yesterday’s high in DXY terms, but gains are not universal, and the dollar index still appears to be encountering resistance in the mid/ upper 102 area after rebounding strongly from the intraday lows seen around the US CPI report yesterday. 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 Amid Soft Risk Sentiment

<ul><li>The USD is drifting a little lower ahead of this morning’s key data releases.</li><li>The 8.30ET round brings US weekly claims (expected up slightly at 230k) and July CPI.</li><li>The monthly rise in inflation is expected to be moderate 0.2% M/M but the pace of headline inflation is expected to push higher from June’s 3.0% to 3.3%.</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 drifting a little lower ahead of this morning’s key data releases.The 8.30ET round brings US weekly claims (expected up slightly at 230k) and July CPI.The monthly rise in inflation is expected to be moderate 0.2% M/M but the pace of headline inflation is expected to push higher from June’s 3.0% to 3.3%.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 Modestly Ahead of CPI

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

<ul><li>The EUR/USD exchange rate ended up moving upwards in June 2023 despite the various fluctuations occurring during the month.</li><li>During the first ten trading days of the period under consideration, the pair was fluctuating along a narrow range, i.e. 1.07-1.08.</li><li>From June 13th – 21st, the exchange rate increased significantly whereas in the following trading sessions, the pair faced some ups and downs, finally closing with a slight rise on monthly basis, i.e.compared to end of May.</li></ul>

The EUR/USD exchange rate ended up moving upwards in June 2023 despite the various fluctuations occurring during the month.During the first ten trading days of the period under consideration, the pair was fluctuating along a narrow range, i.e. 1.07-1.08.From June 13th – 21st, the exchange rate increased significantly whereas in the following trading sessions, the pair faced some ups and downs, finally closing with a slight rise on monthly basis, i.e.compared to end of May.

<ul><li>The USD is trading mixed to slightly firmer as markets show signs of calming after the volatility seen earlier in the week. Stocks are trading higher in Europe and rose modestly in Asia; US equity futures are positive.</li><li>US 10Y yields are holding near the recent high at 4.20% but intraday trends are largely tracking other major bond markets.</li><li>Commodities are mixed to firmer (crude and iron ore). The NOK and AUD are moderate outperformers on the day (reflecting gains in relevant commodities noted above). </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 mixed to slightly firmer as markets show signs of calming after the volatility seen earlier in the week. Stocks are trading higher in Europe and rose modestly in Asia; US equity futures are positive.US 10Y yields are holding near the recent high at 4.20% but intraday trends are largely tracking other major bond markets.Commodities are mixed to firmer (crude and iron ore). The NOK and AUD are moderate outperformers on the day (reflecting gains in relevant commodities noted above). 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 remains firm after yesterday gains.</li><li>US Treasurys remain under pressure following the Fitch news and, perhaps more especially, the US Treasury refunding announcement which highlighted a significant increase in supply over the coming year —even though this would not have been a surprise for the Treasury market.</li><li>Weak Treasurys are weighing on global yields and extending pressure on stocks.</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 remains firm after yesterday gains.US Treasurys remain under pressure following the Fitch news and, perhaps more especially, the US Treasury refunding announcement which highlighted a significant increase in supply over the coming year —even though this would not have been a surprise for the Treasury market.Weak Treasurys are weighing on global yields and extending pressure on stocks.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 Supported by Rising Yields

United States

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

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USD (USD CURNCY)

FX Daily - USD Mixed Amid Soft Risk Sentiment

Markets retain a cautious undertone after China reported weaker than expected loan data (new loans dropped to the lowest since 2009), underscoring...

Scotiabank

FX Daily - USD Slips Modestly Ahead of CPI

The USD is drifting a little lower ahead of this morning’s key data releases. The 8.30ET round brings US weekly claims (expected up slightly at...

Scotiabank

Comment On Exchange Rate EUR/USD

The EUR/USD exchange rate ended up moving upwards in June 2023 despite the various fluctuations occurring during the month.

VRS (Valuation & Research Specialists)

FX Daily - USD Mixed Ahead of Jobs Data

Commodities are mixed to firmer (crude and iron ore). The NOK and AUD are moderate outperformers on the day (reflecting gains in relevant...

Scotiabank

FX Daily - USD Supported by Rising Yields

FX Market Update —The USD remains firm after yesterday gains. US Treasurys remain under pressure following the Fitch news and, perhaps more...

Scotiabank

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