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 Fed is widely expected to tighten 25bps today, taking the Fed funds target rate to 5.50%, but markets will be more intently focused on the messaging around the economy (progress on inflation, labour market developments) and the policy outlook.</li><li>Also of interest will be whether the policy statement or Powell’s press conference indicates the “stretching out ” of rate hikes will extend from here, meaning another “skip ” in September.</li><li>With early November the next opportunity to tighten rates after that and more progress on pushing back on inflationary pressures expected by then, markets may be a bit more convinced that the Fed is very close to, if not at, the top of the rate cycle after today’s hike.</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 Fed is widely expected to tighten 25bps today, taking the Fed funds target rate to 5.50%, but markets will be more intently focused on the messaging around the economy (progress on inflation, labour market developments) and the policy outlook.Also of interest will be whether the policy statement or Powell’s press conference indicates the “stretching out ” of rate hikes will extend from here, meaning another “skip ” in September.With early November the next opportunity to tighten rates after that and more progress on pushing back on inflationary pressures expected by then, markets may be a bit more convinced that the Fed is very close to, if not at, the top of the rate cycle after today’s hike.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 Slips Ahead of the Fed