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.

External broker reports(aggregated public sources)

FX & Rates

<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><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>

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.

USD

FX Daily - USD Gains in Quiet Trade