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>Choppy, range-bound trading in the major currencies continues.</li><li>The US PMI data and a sloppy 5Y auction yesterday helped drive US yields higher and lift the USD off its lows but markets are not showing an awful lot of conviction either way at this point, with event risk looming large on the near-term horizon.</li><li>Focus today turns to Q4 GDP which is expected to reflect a slowing the pace of growth to around 2.0% (the Atlanta Fed’s GDPNow tracking currently sits at 2.2%). </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>

Choppy, range-bound trading in the major currencies continues.The US PMI data and a sloppy 5Y auction yesterday helped drive US yields higher and lift the USD off its lows but markets are not showing an awful lot of conviction either way at this point, with event risk looming large on the near-term horizon.Focus today turns to Q4 GDP which is expected to reflect a slowing the pace of growth to around 2.0% (the Atlanta Fed’s GDPNow tracking currently sits at 2.2%). 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 Holds Range Ahead of GDP