Jason Wong
NZD trading at 0.7180 USD and 0.9420 AUD after MPS and Trump comments; USD boosted by Trump's promised tax changes; Yen suffers the most from the stronger USD, USDJPY back up to 113
10th Feb 17, 8:01am
NZD trading at 0.7180 USD and 0.9420 AUD after MPS and Trump comments; USD boosted by Trump's promised tax changes; Yen suffers the most from the stronger USD, USDJPY back up to 113
US yield falls are followed by even larger NZ falls. But a bounce today expected. Markets back away from pricing in a RBNZ hike in 2017
10th Feb 17, 7:55am
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US yield falls are followed by even larger NZ falls. But a bounce today expected. Markets back away from pricing in a RBNZ hike in 2017
NZDUSD trading at 0.7320, similar levels to yesterday, prior to RBNZ rates announcement today; USD retreats slightly against all majors, USDJPY down 0.6%
9th Feb 17, 7:57am
NZDUSD trading at 0.7320, similar levels to yesterday, prior to RBNZ rates announcement today; USD retreats slightly against all majors, USDJPY down 0.6%
Markets drift in US and Europe as traders lose conviction in the Fed-hike trade. Lack of inflation smoking gun has them wary
9th Feb 17, 7:57am
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Markets drift in US and Europe as traders lose conviction in the Fed-hike trade. Lack of inflation smoking gun has them wary
Longer term swap rates take a chunky fall. Attention now turns to RBNZ MPS. Observers see the RBNZ resistant to signaling a higher rate track in the outer period
8th Feb 17, 8:33am
Longer term swap rates take a chunky fall. Attention now turns to RBNZ MPS. Observers see the RBNZ resistant to signaling a higher rate track in the outer period
NZDUSD trading at 0.7320 after trading in a 1% range; USD makes a slight recovery as TWI up 0.4%; China foreign reserves dip below $3tln for the first time in six years
8th Feb 17, 8:03am
NZDUSD trading at 0.7320 after trading in a 1% range; USD makes a slight recovery as TWI up 0.4%; China foreign reserves dip below $3tln for the first time in six years
NZDUSD still trading at the 0.73 mark; USD recovers losses resulting from Friday's jobs report; EUR lower as French Presidential candidate pledges to take France out of the euro-area; AUD sees selling pressure after weak retail sales figures
7th Feb 17, 8:08am
NZDUSD still trading at the 0.73 mark; USD recovers losses resulting from Friday's jobs report; EUR lower as French Presidential candidate pledges to take France out of the euro-area; AUD sees selling pressure after weak retail sales figures
European political risk rising. US benchmark rates falling. Eyes on next GDT auction, then on RBNZ's MPS
7th Feb 17, 7:55am
European political risk rising. US benchmark rates falling. Eyes on next GDT auction, then on RBNZ's MPS
NZD at 0.7300 after trading in a 1% range, volatility stemmed from FOMC announcement and concerns over cattle TB outbreak; USD down 0.5% post-FOMC and reports of Trump's phone call with Australian PM; GBP down 0.9% against weak USD
3rd Feb 17, 8:16am
NZD at 0.7300 after trading in a 1% range, volatility stemmed from FOMC announcement and concerns over cattle TB outbreak; USD down 0.5% post-FOMC and reports of Trump's phone call with Australian PM; GBP down 0.9% against weak USD
UST 10yr to respect a tight range 'for a while yet' before moving higher. Eyes on US non-farm payrolls report. Local rates steepen
3rd Feb 17, 8:02am
UST 10yr to respect a tight range 'for a while yet' before moving higher. Eyes on US non-farm payrolls report. Local rates steepen
NZ swap rates down 2bps across the curve; UST yeilds up as market prices in more than two rate hikes for 2017
2nd Feb 17, 8:10am
NZ swap rates down 2bps across the curve; UST yeilds up as market prices in more than two rate hikes for 2017
NZD falls against USD, GBP and AUD after weak labour market data and strong overseas data; USD currency index up about 0.4%; GBP strongest of all majors, up 0.5% against the USD
2nd Feb 17, 7:57am
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NZD falls against USD, GBP and AUD after weak labour market data and strong overseas data; USD currency index up about 0.4%; GBP strongest of all majors, up 0.5% against the USD
Eyes on US Fed after modest falls in US yields and toning down of rate hike expectations. Eyes also on NZ labour market data, especially wage inflation
1st Feb 17, 8:11am
Eyes on US Fed after modest falls in US yields and toning down of rate hike expectations. Eyes also on NZ labour market data, especially wage inflation
NZD at 0.7325 USD, a consolidation phase expected; NZDAUD at 0.9675 as AUD underperforms in the USD sell-off; USD TWI down 0.7%, down 3% for January
1st Feb 17, 8:04am
NZD at 0.7325 USD, a consolidation phase expected; NZDAUD at 0.9675 as AUD underperforms in the USD sell-off; USD TWI down 0.7%, down 3% for January
Eyes on NZ CPI with markets ready to reset RBNZ rate outlook if surprised. Wheeler speech not expected to be influential. US yields rising, testing top of current range
26th Jan 17, 8:25am
Eyes on NZ CPI with markets ready to reset RBNZ rate outlook if surprised. Wheeler speech not expected to be influential. US yields rising, testing top of current range
NZD makes fresh high's for the year against the USD and AUD; NZDEUR trading a touch above 0.6750 and NZDJPY around 82.50; USD loses ground after statements from US Treasury Secretary
25th Jan 17, 7:48am
NZD makes fresh high's for the year against the USD and AUD; NZDEUR trading a touch above 0.6750 and NZDJPY around 82.50; USD loses ground after statements from US Treasury Secretary
NZ rates fell modestly. Eyes now on AU CPI, but no smoking gun expected for easing expected. US rates expected to range-trade given speculative positioning
25th Jan 17, 7:47am
NZ rates fell modestly. Eyes now on AU CPI, but no smoking gun expected for easing expected. US rates expected to range-trade given speculative positioning
Trump policies driving trade concerns, moving investors to more risk-averse positions. Bond prices rise. Yellen sees only modest inflation pressure
24th Jan 17, 8:12am
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Trump policies driving trade concerns, moving investors to more risk-averse positions. Bond prices rise. Yellen sees only modest inflation pressure
NZD trading at 0.7215, further upside expected given speculative short positioning and weakening USD; USD TWI down 0.8% since Trump inauguration; GBP continues making gains against USD and EUR post May's Brexit speech
24th Jan 17, 7:56am
NZD trading at 0.7215, further upside expected given speculative short positioning and weakening USD; USD TWI down 0.8% since Trump inauguration; GBP continues making gains against USD and EUR post May's Brexit speech
Yellen speech and higher US inflation underpin market expectations of 2017 Fed hikes. Local rates jump, and further rises expected today
20th Jan 17, 8:22am
Yellen speech and higher US inflation underpin market expectations of 2017 Fed hikes. Local rates jump, and further rises expected today
NZD currently at 0.7160 after trading in a range of 0.7120 - 0.7200; USD strengthens on Yellen's speech and positive data releases; Yen worst performer as YST 10yr yields increase from 2.32 to 2.50 over the last 48hrs
20th Jan 17, 8:05am
NZD currently at 0.7160 after trading in a range of 0.7120 - 0.7200; USD strengthens on Yellen's speech and positive data releases; Yen worst performer as YST 10yr yields increase from 2.32 to 2.50 over the last 48hrs
NZ 2yr and 10yr swaps trading at 2.40% and 3.40% respectively; UST rates reverse yesterday's move up across the curve, 10yr up 5bps to 2.37%; UK and Germany 10yr rates up 3bps
19th Jan 17, 9:03am
NZ 2yr and 10yr swaps trading at 2.40% and 3.40% respectively; UST rates reverse yesterday's move up across the curve, 10yr up 5bps to 2.37%; UK and Germany 10yr rates up 3bps
NZD trading close to session low at 0.7170; USD up 0.6% on a TWI basis with 2.1% CPI and positive industrial production data; GBP down 0.8% on negative European media response to May's speech
19th Jan 17, 8:54am
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NZD trading close to session low at 0.7170; USD up 0.6% on a TWI basis with 2.1% CPI and positive industrial production data; GBP down 0.8% on negative European media response to May's speech
UST yields at the lowest level in a month, 10yr rate down to 2.35%; UK CPI reaches a 2-year high as weaker GBP feeds through; Quiet trading day in NZ with the swap curve holding constant
18th Jan 17, 8:06am
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UST yields at the lowest level in a month, 10yr rate down to 2.35%; UK CPI reaches a 2-year high as weaker GBP feeds through; Quiet trading day in NZ with the swap curve holding constant
NZD up 1.3% to 0.7190; USD weaker across the board on Trump and Dudley speech, USD-TWI down 1%; GBP up 2.8% after May's speech on Brexit exit
18th Jan 17, 7:48am
NZD up 1.3% to 0.7190; USD weaker across the board on Trump and Dudley speech, USD-TWI down 1%; GBP up 2.8% after May's speech on Brexit exit