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 mixed to a little lower overall on the session after a bull run that has stretched for 11 consecutive days through Monday’s trading.</li><li>Among developed market currencies, these sorts of sustained daily or weekly bull/bear runs rarely extend for deeply into double digits (more than 10 days or weeks in one direction, in other words) without some sort of pause or pull back.</li><li>The USD is looking generally over extended and prone to a minor correction at least on the charts but that does not necessarily mean a deep or sustained drop. </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 mixed to a little lower overall on the session after a bull run that has stretched for 11 consecutive days through Monday’s trading.Among developed market currencies, these sorts of sustained daily or weekly bull/bear runs rarely extend for deeply into double digits (more than 10 days or weeks in one direction, in other words) without some sort of pause or pull back.The USD is looking generally over extended and prone to a minor correction at least on the charts but that does not necessarily mean a deep or sustained drop. 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 - USDCAD Winning Streak Tests History