Jason Wong
With Wall Street closed, local attention shifts to the REINZ data, and the NZIER's QSBO. Then eyes move to the next dairy auction
17th Jan 17, 8:45am
With Wall Street closed, local attention shifts to the REINZ data, and the NZIER's QSBO. Then eyes move to the next dairy auction
USD continues to lose ground, despite solid data. NZD gains, even against the AUD. UK to go for 'hard Brexit'. Trump now won't label China a 'currency manipulator'
16th Jan 17, 7:55am
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USD continues to lose ground, despite solid data. NZD gains, even against the AUD. UK to go for 'hard Brexit'. Trump now won't label China a 'currency manipulator'
Speculative short positions in US 10yr Treasuries at historic levels which may need unwinding. US on holiday. Rates in consolidation phase
16th Jan 17, 7:46am
Speculative short positions in US 10yr Treasuries at historic levels which may need unwinding. US on holiday. Rates in consolidation phase
NZD holds it ground while Aussie slips. Upward pressure on short end of NZ interest rate curce 2yr swap rate rises to a fresh high of 2.5%
23rd Dec 16, 7:38am
NZD holds it ground while Aussie slips. Upward pressure on short end of NZ interest rate curce 2yr swap rate rises to a fresh high of 2.5%
Lighter holiday volumes kick in. September quarter GDP results unlikely to move the NZD. Swedish casting vote raises eyebrows
22nd Dec 16, 8:25am
Lighter holiday volumes kick in. September quarter GDP results unlikely to move the NZD. Swedish casting vote raises eyebrows
Eyes on NZ GDP and current account. NZ rate curve flattens with markets fully pricing a 2017 RBNZ rate hike. Payside pressure at the short end
22nd Dec 16, 8:11am
Eyes on NZ GDP and current account. NZ rate curve flattens with markets fully pricing a 2017 RBNZ rate hike. Payside pressure at the short end
NZ 2yr swap rates down 1bps to 2.425% and 10yr rates down 2.5bps to 3.595%; UST 10yr yields up 2bps to 2.56%, trading in the 2.54%-2.59% range; German 10yr yields up 2bps to 0.27%
21st Dec 16, 8:01am
NZ 2yr swap rates down 1bps to 2.425% and 10yr rates down 2.5bps to 3.595%; UST 10yr yields up 2bps to 2.56%, trading in the 2.54%-2.59% range; German 10yr yields up 2bps to 0.27%
USD up against most trading partners; VIX index under 12 is trading at bottom of 5yr range; NZDUSD trading at around 0.6920; USDJPY up 0.7% to 117.90
21st Dec 16, 7:50am
USD up against most trading partners; VIX index under 12 is trading at bottom of 5yr range; NZDUSD trading at around 0.6920; USDJPY up 0.7% to 117.90
NZGB yields push higher making fresh highs; UST rates down across the yield curve; net speculative UST data shows short positions at historical highs, which should control yields in the short term; German 10yr yields down 7bps to 0.24%
20th Dec 16, 8:13am
NZGB yields push higher making fresh highs; UST rates down across the yield curve; net speculative UST data shows short positions at historical highs, which should control yields in the short term; German 10yr yields down 7bps to 0.24%
NZDUSD trades around the 0.6950 level; Australian fiscal data shows deterioration, but not enough for a rating downgrade; JPY shows strength against the USD and NZD
20th Dec 16, 7:55am
NZDUSD trades around the 0.6950 level; Australian fiscal data shows deterioration, but not enough for a rating downgrade; JPY shows strength against the USD and NZD
NZ bond and swap yields up across the curve on increased monetary policy tightening expectations; UST rates lower, 2yr and 10yr rates down 2bps and 1bps respectively; UK and German 10yr rates fall by 5bps
19th Dec 16, 8:52am
NZ bond and swap yields up across the curve on increased monetary policy tightening expectations; UST rates lower, 2yr and 10yr rates down 2bps and 1bps respectively; UK and German 10yr rates fall by 5bps
NZD down 1.1% for the day and 2.4% for the week; AUD investors nervous ahead of fiscal update, which may result in a ratings downgrade from AAA; USD slightly down against the GBP, EUR and JPY
19th Dec 16, 8:32am
NZD down 1.1% for the day and 2.4% for the week; AUD investors nervous ahead of fiscal update, which may result in a ratings downgrade from AAA; USD slightly down against the GBP, EUR and JPY
NZD strong across the board but constrained by USD strength; EURUSD down over 0.0250 ticks on ECB announcement; traders look to the FOMC announcement for tightening of monetary policy
9th Dec 16, 9:01am
NZD strong across the board but constrained by USD strength; EURUSD down over 0.0250 ticks on ECB announcement; traders look to the FOMC announcement for tightening of monetary policy
The ECB cuts its stimulus back, but signals a longer game. RBNZ mildly hawkish. HYFEU signals more bonds issued now, less later
9th Dec 16, 8:48am
The ECB cuts its stimulus back, but signals a longer game. RBNZ mildly hawkish. HYFEU signals more bonds issued now, less later
Global bond yields lower, led by a fall in European rates. Fall in Aussie GDP sees rise in chance of another RBA cut. Replacement NZ PM unlikely to see any market reaction
8th Dec 16, 8:19am
Global bond yields lower, led by a fall in European rates. Fall in Aussie GDP sees rise in chance of another RBA cut. Replacement NZ PM unlikely to see any market reaction
NZD back up to the 0.7155 levels based on a slightly weaker USD; GBP down 0.6% on lower UK industrial production; AUD bounces back to 0.7470 after negative GDP figures
8th Dec 16, 8:10am
NZD back up to the 0.7155 levels based on a slightly weaker USD; GBP down 0.6% on lower UK industrial production; AUD bounces back to 0.7470 after negative GDP figures
The NZD heading up and 'a fairer price in a world where risk appetite remains solid and commodity prices remain on an upward path'
5th Dec 16, 7:11am
The NZD heading up and 'a fairer price in a world where risk appetite remains solid and commodity prices remain on an upward path'
Unexpected stall in US wage growth gets more attention than the unexpected drop in the jobless levels; reinforces Yellen views on 'high pressure' settings
5th Dec 16, 7:03am
Unexpected stall in US wage growth gets more attention than the unexpected drop in the jobless levels; reinforces Yellen views on 'high pressure' settings
Forces behind sell-off in emerging market currencies impacting NZD; positive seasonal factors can push NZD higher; improving global activity indicators supporting commodities
25th Nov 16, 8:31am
Forces behind sell-off in emerging market currencies impacting NZD; positive seasonal factors can push NZD higher; improving global activity indicators supporting commodities
Local rates rise and steepen in response to offshore pressures. NZGB bond yields rise. ECB's Financial Stability Report
25th Nov 16, 8:14am
Local rates rise and steepen in response to offshore pressures. NZGB bond yields rise. ECB's Financial Stability Report
US economic data better than expected; NZD/USD breaks below 70c; GBP only gainer against USD
24th Nov 16, 8:20am
US economic data better than expected; NZD/USD breaks below 70c; GBP only gainer against USD
German yields rise on ECB moves. US yields rise on positive economic data. These moves will pressure local rates higher today
24th Nov 16, 7:49am
German yields rise on ECB moves. US yields rise on positive economic data. These moves will pressure local rates higher today
Trump's day one plans released via video; equity markets support Trump's actions as records set; NZD/USD range-bound
23rd Nov 16, 8:32am
Trump's day one plans released via video; equity markets support Trump's actions as records set; NZD/USD range-bound
Draghi goes out of his way to say the ECB isn't done yet with monetary accommodation. US markets have more than one Fed hike priced in as housing markest improve
23rd Nov 16, 8:16am
Draghi goes out of his way to say the ECB isn't done yet with monetary accommodation. US markets have more than one Fed hike priced in as housing markest improve
Some gloss comes off USD rise; record high for S&P500; commodity currencies best performers; NZD/AUD probes 96c level
22nd Nov 16, 8:36am
Some gloss comes off USD rise; record high for S&P500; commodity currencies best performers; NZD/AUD probes 96c level