Jason Wong

20 Mar 19, 7:54am

FOMC meeting tomorrow, where the market is primed for a dovish statement; US equity markets continue to drift higher, US yields are steady near recent lows, and the USD is on the soft side; NZD continues to trade a tight range
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Prices largely tracking sideways

19 Mar 19, 8:12am

Jason Wong

GBP is softer as hope fades for an end to the fog of uncertainty over Brexit; NZD and AUD have followed a similar path, moving higher late yesterday afternoon on the back of a weaker USD and then retreating from the European open
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Financial markets had a quiet end to last week

18 Mar 19, 8:15am

Jason Wong

Modest changes in currencies, modest upside to equity markets and some further downside pressure to global rates featured in markets; NZD traded a very tight range Friday night after drifting higher during the local trading session
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NZD lower; local rates slightly higher

15 Mar 19, 7:57am

Jason Wong

GBP is choppy but generally well supported; AUD and NZD are weaker after underwhelming China data yesterday, while JPY is weaker leading up to the BoJ’s announcement today; bonds and equities show little movement
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ECB’s sobering economic outlook

8 Mar 19, 8:10am

Jason Wong

Global equity markets, global bond rates and euro lower; other key currency movements have been modest, with the NZD and AUD close to where they were yesterday morning; NZ longer term bond and swap rates fell 3-4bps
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NZD and global rates lower

7 Mar 19, 8:07am

Jason Wong

US equities and rates are lower this morning; NZD has performed okay against the backdrop of weaker AUD and CAD currencies; Australian rates were lower across the curve on weak GDP
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Market movements modest

6 Mar 19, 8:02am

Jason Wong

US equities tracking sideways, and US rates up slightly; USD shows broadly based gains, supported by stronger data, which has seen the NZD track consistently under the 0.68 mark; RBA kept its policy messaging unchanged
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Disappointing economic data

4 Mar 19, 8:05am

Jason Wong

US equities, US rates and the USD were all higher on Friday; stronger USD backdrop saw the NZD slip a little to close the week around 0.68; AUD showed followed a similar trading pattern to the NZD
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Strong US data

1 Mar 19, 8:10am

Jason Wong

USD is bid and US Treasury rates have pushed higher following stronger than expected US data; NZD and AUD have slipped, with the NZD temporarily going sub 0.68 and the AUD going sub-0.71
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Risk-off tone

22 Feb 19, 7:47am

Jason Wong

A couple of blows to the AUD has seen it tumble and drag down the NZD in its wake; global rates have pushed higher; USD nudged higher following the release of the FOMC minutes
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Markets are quiet

21 Feb 19, 8:22am

Jason Wong

Currency movements have been modest, the S&P500 is barely positive, while global rates are little changed; NZD has been shuffling sideways since this time yesterday and sits this morning at 0.6875
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US-China trade deal

20 Feb 19, 8:04am

Jason Wong

US equities are modestly higher while US Treasury yields have nudged lower; USD has a soft underbelly, which sees the NZD and AUD push higher; GBP has been the strongest of the majors
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Trading has been light

19 Feb 19, 8:21am

Jason Wong

There has been little change in global rates or futures for US Treasuries and US equities; NZD has peeled off after a rally during local trading hours; GBP has outperformed despite more political shenanigans
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Risk assets performed well

18 Feb 19, 7:49am

Jason Wong

US government shutdown averted and more positive vibes on US-China trade developments; commodity currencies outperformed alongside GBP, while US and European equities made decent gains; global rates were flat on Friday
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Risk-off tone has enveloped markets

8 Feb 19, 8:08am

Jason Wong

US equities are currently down 1.5% after a similar fall in Europe; US and Germany 10-year rates are lower; NZD is little changed from the NZ close but is still the weakest performer
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Light trading conditions

7 Feb 19, 7:27am

Jason Wong

1 comment

US equities are slightly weaker and US rates are slightly lower; AUD is the clear underperformer, following RBA Governor Lowe’s speech yesterday afternoon, with some negative spillover effect for the NZD, even as dairy prices continue to surge
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Slow news day

5 Feb 19, 8:23am

Jason Wong

US Treasury yields have extended their rise following the strong US data reports on Friday; US rates are supporting the USD but gains have been modest; NZD has slipped a little to 0.6880; AUD has slightly underperformed the NZD
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Strong US data

4 Feb 19, 8:19am

Jason Wong

US data on Friday saw US Treasury rates move 4-7bps higher across the curve; rise in rates tempered the lift in US equities; currency movements were generally modest, apart from some softness in the yen; NZD met some resistance near the 0.6940 mark
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NZD rises against euro, AUD

25 Jan 19, 8:42am

Jason Wong

ECB and PMIs pressure euro lower. No US shutdown progress despite new talk. AUD suffers after NAB rate hike that raises bets for RBA cut
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NZD stronger, local rates higher

24 Jan 19, 7:43am

Jason Wong

NZD is stronger after yesterday’s CPI report while GBP is stronger on reducing risks for a no-deal Brexit; US equities are retreating after a positive open; NZ 2-year swap rate rose by “only” 1.5bps to 1.93%
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