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>After a couple of weeks of indecisive positioning, CFTC data for the week through April 8 showed a more obvious shift in Non-Commercial (speculative) traders’ sentiment against the USD.</li><li>Aggregate net USD shorts increased USD5.5bn, taking the prior week’s small, speculative net USD long to the biggest bear punt on the USD in six months.</li><li>The change in sentiment was reflected in positioning among Real Money (institutional) and Leveraged (hedge fund) traders as well. </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.

After a couple of weeks of indecisive positioning, CFTC data for the week through April 8 showed a more obvious shift in Non-Commercial (speculative) traders’ sentiment against the USD.Aggregate net USD shorts increased USD5.5bn, taking the prior week’s small, speculative net USD long to the biggest bear punt on the USD in six months.The change in sentiment was reflected in positioning among Real Money (institutional) and Leveraged (hedge fund) traders as well. 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 - USD Sentiment Weakens, JPY Bullish Mood Builds

<ul><li>An unusual aspect of the recent market volatility is that the USD has fallen in tandem with the sharp decline in US equities (and is today recovering some ground as US stocks improve).</li><li>The lack of haven bid for the USD amid the sharp rise in broader market uncertainty and volatility raises a valid question about whether the USD is losing its “traditional” safe-haven status.</li><li>A number of reasons can help explain why investors have shunned the USD amid the recent rout in US stocks—and may continue to do so moving forward. </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.

An unusual aspect of the recent market volatility is that the USD has fallen in tandem with the sharp decline in US equities (and is today recovering some ground as US stocks improve).The lack of haven bid for the USD amid the sharp rise in broader market uncertainty and volatility raises a valid question about whether the USD is losing its “traditional” safe-haven status.A number of reasons can help explain why investors have shunned the USD amid the recent rout in US stocks—and may continue to do so moving forward. 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 Snapshot - Is the USD Losing Its Safe-Haven Status ?

<ul><li>Speculative sentiment towards the USD improved in the week through April 1, the first positive shift in Non-Commercial (speculative) accounts’ positioning in the USD in ten weeks.</li><li>Overall speculative positioning showed a near USD4bn swing in aggregate in favour of the USD over the most recent week’s data, likely reflecting investor caution around tariff news.</li><li>Additional data shows Real Money (institutional) traders were a little less negative on the USD overall as well, paring net USD shorts USD2bn or so to USD21.bn. </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.

Speculative sentiment towards the USD improved in the week through April 1, the first positive shift in Non-Commercial (speculative) accounts’ positioning in the USD in ten weeks.Overall speculative positioning showed a near USD4bn swing in aggregate in favour of the USD over the most recent week’s data, likely reflecting investor caution around tariff news.Additional data shows Real Money (institutional) traders were a little less negative on the USD overall as well, paring net USD shorts USD2bn or so to USD21.bn. 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 Traders Edge Back to the USD

<ul><li>Sentiment and positioning data continue to suggest a meaningful shift in broader market thinking on the outlook for the USD.</li><li>CFTC data for the week through to last Tuesday indicate a further move away from the USD.</li><li>Non-Commercial (speculative) accounts held a net USD short position (aggregated across the major currencies we monitor in this report) of USD1.7bn after initiating a minor net USD short in the prior week’s data. </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.

Sentiment and positioning data continue to suggest a meaningful shift in broader market thinking on the outlook for the USD.CFTC data for the week through to last Tuesday indicate a further move away from the USD.Non-Commercial (speculative) accounts held a net USD short position (aggregated across the major currencies we monitor in this report) of USD1.7bn after initiating a minor net USD short in the prior week’s data. 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 Sentiment Shifts Against the USD

<ul><li>CFTC data covering the March 11th week reflect the recent trend of fading USD bull sentiment.</li><li>Aggregate Non-Commercial (speculative) USD-bullish positioning dropped for the eighth week on the bounce, with these accounts halving net USD longs to USD4.9bn.</li><li>Recall that peak speculative USD bullishness was reached in mid -January when net USD longs reached USD35bn. </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 covering the March 11th week reflect the recent trend of fading USD bull sentiment.Aggregate Non-Commercial (speculative) USD-bullish positioning dropped for the eighth week on the bounce, with these accounts halving net USD longs to USD4.9bn.Recall that peak speculative USD bullishness was reached in mid -January when net USD longs reached USD35bn. 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 Traders Turn Bearish on the USD

United States

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

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Weekly CFTC Sentiment Report - USD Sentiment Weakens, JPY Bullish Mood Builds

After a couple of weeks of indecisive positioning, CFTC data for the week through April 8 showed a more obvious shift in Non-Commercial...

Scotiabank

FX Snapshot - Is the USD Losing Its Safe-Haven Status ?

An unusual aspect of the recent market volatility is that the USD has fallen in tandem with the sharp decline in US equities (and is today...

Scotiabank

Weekly CFTC Sentiment Report - Speculative Traders Edge Back to the USD

Speculative sentiment towards the USD improved in the week through April 1, the first positive shift in Non-Commercial (speculative) accounts’...

Scotiabank

Weekly CFTC Sentiment Report - Speculative Sentiment Shifts Against the USD

Sentiment and positioning data continue to suggest a meaningful shift in broader market thinking on the outlook for the USD.

Scotiabank

Weekly CFTC Sentiment Report – Speculative Traders Turn Bearish on the USD

Aggregate Non-Commercial (speculative) USD-bullish positioning dropped for the eighth week on the bounce, with these accounts halving net USD longs...

Scotiabank

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