4th Mar 21, 7:54am
Bond market back in focus with chunky rises in rates across the board overnight. UK Budget, US inflation concern and ECB chatter in the mix. Currencies unperturbed, although AUD and NZD slip overnight
Bond market back in focus with chunky rises in rates across the board overnight. UK Budget, US inflation concern and ECB chatter in the mix. Currencies unperturbed, although AUD and NZD slip overnight
3rd Mar 21, 7:51am
GDT dairy auction shows booming prices. Little impact on NZD though, approaching 0.73 on a soft USD. US equities pull back. UST10s show little net change
GDT dairy auction shows booming prices. Little impact on NZD though, approaching 0.73 on a soft USD. US equities pull back. UST10s show little net change
2nd Mar 21, 7:54am
Calmer conditions return to bond markets overnight encouraging equity investors to buy the dip. US ISM manufacturing positively surprises. RBA bond buying activity drives strong rally in rates and helps drag NZ rates lower. Commodity currencies outperform
Calmer conditions return to bond markets overnight encouraging equity investors to buy the dip. US ISM manufacturing positively surprises. RBA bond buying activity drives strong rally in rates and helps drag NZ rates lower. Commodity currencies outperform
25th Feb 21, 8:01am
Global reflation trade the predominant force, drives US equities higher, supported by a dovish Fed. UST10s stretch to 1.43% before wave of buying ensues. NZ rates push higher and add risk to tightening cycle beginning next year
Global reflation trade the predominant force, drives US equities higher, supported by a dovish Fed. UST10s stretch to 1.43% before wave of buying ensues. NZ rates push higher and add risk to tightening cycle beginning next year
24th Feb 21, 7:52am
Equity markets remain under pressure. US Treasury rates consolidate. Only small currency moves, with the NZD remaining near its high. RBNZ MPS in focus today - to remain dovish, but less dovish than November
Equity markets remain under pressure. US Treasury rates consolidate. Only small currency moves, with the NZD remaining near its high. RBNZ MPS in focus today - to remain dovish, but less dovish than November
23rd Feb 21, 7:53am
Rates fall back overnight after yesterday's carnage. Commodity prices on the charge, supporting fresh highs in NZD and AUD. USD broadly weaker as well
Rates fall back overnight after yesterday's carnage. Commodity prices on the charge, supporting fresh highs in NZD and AUD. USD broadly weaker as well
19th Feb 21, 7:57am
Equities fall back after their recent strong run. Nerves on higher global bond rates backdrop and weak US labour market data not helping. NZD remains range-bound; GBP still in favour
Equities fall back after their recent strong run. Nerves on higher global bond rates backdrop and weak US labour market data not helping. NZD remains range-bound; GBP still in favour
18th Feb 21, 7:39am
US retail sales surprisingly strong in January and other data positively surprise. Still, US equities weaker, and UST yields fall from recent high. NZ swaps curve approaches steepest level since 2014
US retail sales surprisingly strong in January and other data positively surprise. Still, US equities weaker, and UST yields fall from recent high. NZ swaps curve approaches steepest level since 2014
17th Feb 21, 7:39am
US 10-year rate up to fresh high of 1.29%. Commodity prices track higher, including another strong dairy auction. But commodity currencies surprisingly underperform
US 10-year rate up to fresh high of 1.29%. Commodity prices track higher, including another strong dairy auction. But commodity currencies surprisingly underperform
16th Feb 21, 7:47am
Global reflation trade doesn't stop for the US holiday. Global equity markets at new highs; commodity prices higher; global rates higher. USD and JPY on the weak side
Global reflation trade doesn't stop for the US holiday. Global equity markets at new highs; commodity prices higher; global rates higher. USD and JPY on the weak side
15th Feb 21, 8:06am
Higher inflation expectations drive US 10-year rate above 1.20%. Equity market unperturbed, with S&P500 posting fresh high. Yellen tells G7 Finance Ministers to "go big" on fiscal policy. NZD/AUD drifts down further to 0.93
Higher inflation expectations drive US 10-year rate above 1.20%. Equity market unperturbed, with S&P500 posting fresh high. Yellen tells G7 Finance Ministers to "go big" on fiscal policy. NZD/AUD drifts down further to 0.93
12th Feb 21, 7:45am
Low volatility in most asset prices seen this week continues. Slightly improving trend in US jobless claims. US rates nudge up; NZD and AUD push higher. Big flattening in NZGB curve yesterday
Low volatility in most asset prices seen this week continues. Slightly improving trend in US jobless claims. US rates nudge up; NZD and AUD push higher. Big flattening in NZGB curve yesterday
11th Feb 21, 7:48am
Soft US core CPI data supports US Treasuries. Dovish Riksbank ... playbook for RBNZ later this month? Small currency movements, but NZD underperforms slightly again
Soft US core CPI data supports US Treasuries. Dovish Riksbank ... playbook for RBNZ later this month? Small currency movements, but NZD underperforms slightly again
10th Feb 21, 7:55am
US equities consolidate around recent high. US 10-year rate pushes lower. The Draghi effect pushes Italy rates to record low and supports EUR. NZ rates close at fresh 11-month highs but NZD underperforms overnight
US equities consolidate around recent high. US 10-year rate pushes lower. The Draghi effect pushes Italy rates to record low and supports EUR. NZ rates close at fresh 11-month highs but NZD underperforms overnight
4th Feb 21, 7:54am
Stronger US data supports US equities; UST10s yield push higher. Strong NZ labour market data drives NZ rates to 9-10 month highs. NZD loses ground overnight after pushing higher yesterday
Stronger US data supports US equities; UST10s yield push higher. Strong NZ labour market data drives NZ rates to 9-10 month highs. NZD loses ground overnight after pushing higher yesterday
3rd Feb 21, 8:00am
Back to normal trading - equity markets show solid gains. AUD the worst performer post dovish RBA statement. USD shows broad-based gains. NZ rates sell-off ahead of bond syndication and ahead of important NZ labour market data today
Back to normal trading - equity markets show solid gains. AUD the worst performer post dovish RBA statement. USD shows broad-based gains. NZ rates sell-off ahead of bond syndication and ahead of important NZ labour market data today
1st Feb 21, 8:27am
Positive vaccine and economic news Friday night, but equities slump and VIX surges on US equity market shenanigans. Other markets unperturbed. Global rates push higher. RBNZ to taper asset purchases this week
Positive vaccine and economic news Friday night, but equities slump and VIX surges on US equity market shenanigans. Other markets unperturbed. Global rates push higher. RBNZ to taper asset purchases this week
29th Jan 21, 7:58am
Restrictions on retail trading platforms restore market confidence. US GDP up 4%; US jobless claims fall back. US equities up 2%, UST10s higher after going sub-1%. NZD and AUD show decent bounce-backs
Restrictions on retail trading platforms restore market confidence. US GDP up 4%; US jobless claims fall back. US equities up 2%, UST10s higher after going sub-1%. NZD and AUD show decent bounce-backs
22nd Jan 21, 8:02am
Risk sentiment swings around overnight. Fresh S&P500 high gives way to flat result. NZD lower after printing above 0.7220. Stronger US data; No surprises from ECB or BoJ
Risk sentiment swings around overnight. Fresh S&P500 high gives way to flat result. NZD lower after printing above 0.7220. Stronger US data; No surprises from ECB or BoJ
21st Jan 21, 7:50am
Risk sentiment higher as Biden sworn in as President. US equities print fresh record highs. Commodity currencies outperform; NZD up 0.5% overnight. No concern, yet, of small outbreak of COVID-19 in China
Risk sentiment higher as Biden sworn in as President. US equities print fresh record highs. Commodity currencies outperform; NZD up 0.5% overnight. No concern, yet, of small outbreak of COVID-19 in China
19th Jan 21, 7:45am
Commodity currencies underperform; NZD dips below 0.71. Large speculative positioning against USD, with story of further weakness remaining compelling. US markets closed. S&P 500 futures slightly higher
Commodity currencies underperform; NZD dips below 0.71. Large speculative positioning against USD, with story of further weakness remaining compelling. US markets closed. S&P 500 futures slightly higher
22nd Dec 20, 8:11am
Risk sentiment sours on new European travel restrictions. US equities trying to recover after a 2% fall early on. USD stronger, but sharp reversal overnight. NZD falls almost to 0.70 before recovering back towards 0.71
Risk sentiment sours on new European travel restrictions. US equities trying to recover after a 2% fall early on. USD stronger, but sharp reversal overnight. NZD falls almost to 0.70 before recovering back towards 0.71
18th Dec 20, 7:50am
Risk sentiment higher as US fiscal stimulus package imminent. USD under the pump, with losses sustained after soft US data. Strong NZ data promotes further lift and steepening in domestic rates curve
Risk sentiment higher as US fiscal stimulus package imminent. USD under the pump, with losses sustained after soft US data. Strong NZ data promotes further lift and steepening in domestic rates curve
17th Dec 20, 7:46am
US fiscal stimulus deal looks imminent. EU-UK trade deal on the right track as well. US retail sales very weak. Euro-area PMIs positively surprise. Markets subdued ahead of US FOMC announcement
US fiscal stimulus deal looks imminent. EU-UK trade deal on the right track as well. US retail sales very weak. Euro-area PMIs positively surprise. Markets subdued ahead of US FOMC announcement
16th Dec 20, 7:39am
Positive vibe on US fiscal package, Brexit and vaccines help lift US equities. USD under pressure again. NZD still seeing resistance around 0.71. NZD/AUD slipping
Positive vibe on US fiscal package, Brexit and vaccines help lift US equities. USD under pressure again. NZD still seeing resistance around 0.71. NZD/AUD slipping
