NZD
[updated]
Assistant Governor Karen Silk says no clear answer to the question of what the right level of foreign currency reserves the RBNZ should hold is
14th Nov 23, 1:23pm
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Assistant Governor Karen Silk says no clear answer to the question of what the right level of foreign currency reserves the RBNZ should hold is
Hushed start as the market slips into wait-and-see mode ahead of US CPI. US bond yields bounced late last week following ugly 30-year note auction
14th Nov 23, 7:49am
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Hushed start as the market slips into wait-and-see mode ahead of US CPI. US bond yields bounced late last week following ugly 30-year note auction
Fed-speak: Barkin & Bostic lean dovish, mild downside bias for dollar. S&P500 attempting to achieve longest winning streak (9 days) since 2004. NZD meets resistance above 0.5950
10th Nov 23, 7:54am
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Fed-speak: Barkin & Bostic lean dovish, mild downside bias for dollar. S&P500 attempting to achieve longest winning streak (9 days) since 2004. NZD meets resistance above 0.5950
Fed officials push back against last week's dovish interpretation. USD reverses some of last week's sell-off despite yields failing to bounce. DXY entered a consolidative phase from early October, may breakout on CPI
9th Nov 23, 8:00am
Fed officials push back against last week's dovish interpretation. USD reverses some of last week's sell-off despite yields failing to bounce. DXY entered a consolidative phase from early October, may breakout on CPI
Fed officials out in force this week to remind that inflation is still too high. RBA delivers consensus 25bps hike to 4.35%; AUD falls in response
8th Nov 23, 8:47am
Fed officials out in force this week to remind that inflation is still too high. RBA delivers consensus 25bps hike to 4.35%; AUD falls in response
Longer dated yields arrest last week's slide, modestly higher to start week. Tight range trading the order of play. Numerous Fed officials speaking: will they kick back against dovishness?
7th Nov 23, 7:58am
Longer dated yields arrest last week's slide, modestly higher to start week. Tight range trading the order of play. Numerous Fed officials speaking: will they kick back against dovishness?
Bond yields notably lower for a third day, US 10-year yield dips below 4.50%. Soft US jobs report: 150K jobs & 3.9% jobless rate; stick a fork in the Fed. ISM Services PMI falls to lowest level in 5 mths; data flow turning
6th Nov 23, 8:51am
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Bond yields notably lower for a third day, US 10-year yield dips below 4.50%. Soft US jobs report: 150K jobs & 3.9% jobless rate; stick a fork in the Fed. ISM Services PMI falls to lowest level in 5 mths; data flow turning
Bond yields extend rapid pullback, 10-year yield ~35bips off recent high. BoE delivers widely expected on-hold decision. Equities up, yields down, crude up, gold up, US dollar down
3rd Nov 23, 8:31am
Bond yields extend rapid pullback, 10-year yield ~35bips off recent high. BoE delivers widely expected on-hold decision. Equities up, yields down, crude up, gold up, US dollar down
Stuart Talman reviews the US Fed update. Fed delivers widely expected on-hold decision, maintains tightening bias. Bond yields fall on soft ADP/ISM Mfg & Treasury refinancing announcement
2nd Nov 23, 9:46am
Stuart Talman reviews the US Fed update. Fed delivers widely expected on-hold decision, maintains tightening bias. Bond yields fall on soft ADP/ISM Mfg & Treasury refinancing announcement
Risk sentiment dented as Gaza ceasefire reports prove false. Nasdaq & S&P500 log worst October in 5 years. Bond yields ease on safe haven flows. A mammoth week ahead: BoJ may upstage the US Fed
30th Oct 23, 8:55am
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Risk sentiment dented as Gaza ceasefire reports prove false. Nasdaq & S&P500 log worst October in 5 years. Bond yields ease on safe haven flows. A mammoth week ahead: BoJ may upstage the US Fed
NASDAQ slammed (over -2%) following Alphabet earnings disappointment. Despite concerning geopolitical newsflow long dated US yields resume ascent. Hot quarterly AUS CPI report locks in a resumption of RBA tightening cycle
26th Oct 23, 9:20am
NASDAQ slammed (over -2%) following Alphabet earnings disappointment. Despite concerning geopolitical newsflow long dated US yields resume ascent. Hot quarterly AUS CPI report locks in a resumption of RBA tightening cycle
US 10-year yield pierces 5% before aggressively rejecting, pulls back to 4.84%. Catalyst: Ackman tweet; hedge fund manager exits short bond trade. US equities attempt to arrest 4-day slide; S&P500 tests critical 4200 support
24th Oct 23, 8:43am
US 10-year yield pierces 5% before aggressively rejecting, pulls back to 4.84%. Catalyst: Ackman tweet; hedge fund manager exits short bond trade. US equities attempt to arrest 4-day slide; S&P500 tests critical 4200 support
Fed Chair Powell's speech induces see-sawing price action. Ultimately bond yields continue ascent & stocks look increasingly vulnerable. Soft Aussie jobs report does little to shift outlook for RBA
20th Oct 23, 8:44am
Fed Chair Powell's speech induces see-sawing price action. Ultimately bond yields continue ascent & stocks look increasingly vulnerable. Soft Aussie jobs report does little to shift outlook for RBA
Risk sentiment leans positive on Israel-Hamas de-escalation hopes. US retail sales hotter than expected; US yields rip higher, 10-yr nears 5%. Aussie outperforms following surprisingly hawkish RBA meeting minutes
18th Oct 23, 8:28am
Risk sentiment leans positive on Israel-Hamas de-escalation hopes. US retail sales hotter than expected; US yields rip higher, 10-yr nears 5%. Aussie outperforms following surprisingly hawkish RBA meeting minutes
Risk sentiment leans positive on Israel-Hamas de-escalation hopes. Pricing geological risk is notoriously hard, expect volatile and wild swings. NZD opens higher
17th Oct 23, 8:26am
Risk sentiment leans positive on Israel-Hamas de-escalation hopes. Pricing geological risk is notoriously hard, expect volatile and wild swings. NZD opens higher
Risk aversion dominates amidst rising concerns of Israel-Hamas escalation. Resounding National election victory wont impact NZD direction
16th Oct 23, 9:03am
Risk aversion dominates amidst rising concerns of Israel-Hamas escalation. Resounding National election victory wont impact NZD direction
US CPI delivers headline beat, annualised inflation remains at 3.7%. Bond yields and the dollar rip higher despite unlikely November hike. ECB minutes reveal the eurozone central bank may not be done hiking
13th Oct 23, 8:06am
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US CPI delivers headline beat, annualised inflation remains at 3.7%. Bond yields and the dollar rip higher despite unlikely November hike. ECB minutes reveal the eurozone central bank may not be done hiking
Dovish Fed speak: some Fed officials believe year-end hike not required. Global equities benefit from treasury yield pullback, US 10yr through 4.65%
11th Oct 23, 7:57am
Dovish Fed speak: some Fed officials believe year-end hike not required. Global equities benefit from treasury yield pullback, US 10yr through 4.65%
Despite hot nonfarm payrolls, US treasury yields and dollar head south. Softer-than-expected jobless rate & avg. hourly earnings trumps jobs growth. Hamas unleashes devastating attack on Israel, risk-off to start the week
9th Oct 23, 7:29am
Despite hot nonfarm payrolls, US treasury yields and dollar head south. Softer-than-expected jobless rate & avg. hourly earnings trumps jobs growth. Hamas unleashes devastating attack on Israel, risk-off to start the week
Bond market rout paused following soft ADP & in-line ISM Services PMI. RBNZ delivers widely expected on-hold decision, dovish leaning statement
5th Oct 23, 8:02am
Bond market rout paused following soft ADP & in-line ISM Services PMI. RBNZ delivers widely expected on-hold decision, dovish leaning statement
US bond yields lag UK and EU yields, rampant USD rally halted ... for now. US equity market selling paused amid month & quarter end rebalancing
29th Sep 23, 8:36am
US bond yields lag UK and EU yields, rampant USD rally halted ... for now. US equity market selling paused amid month & quarter end rebalancing
US 10-yr yield higher in five of past six days, climbs through 4.56%. Higher bond yields and higher crude oil: soft landing doubts creep in
27th Sep 23, 7:48am
US 10-yr yield higher in five of past six days, climbs through 4.56%. Higher bond yields and higher crude oil: soft landing doubts creep in
US equities continue to struggle, worst week for S&P500 since March. UK & eurozone PMIs again report economic contraction, EUR & GBP lag. Fed's Bowman comments: additional rate increases required (note plural)
25th Sep 23, 8:28am
US equities continue to struggle, worst week for S&P500 since March. UK & eurozone PMIs again report economic contraction, EUR & GBP lag. Fed's Bowman comments: additional rate increases required (note plural)
Market plays catch-up to a hawkish Fed, acknowledges higher for longer. US equities forcefully sold for a second day, US 10-yr yield near 4.50%. Domestic economy rebounds: 2Q GDP at 0.9% QoQ, beats consensus
22nd Sep 23, 8:57am
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Market plays catch-up to a hawkish Fed, acknowledges higher for longer. US equities forcefully sold for a second day, US 10-yr yield near 4.50%. Domestic economy rebounds: 2Q GDP at 0.9% QoQ, beats consensus
Markets trade cautiously ahead of a bonanza of central bank decisions. RBA minutes suggest bar is now set higher for additional tightening. Equities down, yields up, crude up, gold down, US dollar mixed
20th Sep 23, 7:56am
Markets trade cautiously ahead of a bonanza of central bank decisions. RBA minutes suggest bar is now set higher for additional tightening. Equities down, yields up, crude up, gold down, US dollar mixed