Nick Smyth
China ignores US trade talks claim. US Treasury yield curve inversions deepen. Progress in Italian political talks. Brexit optimism. NZD falls in risk-off mood. RBA sees lower rates
28th Aug 19, 8:01am
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China ignores US trade talks claim. US Treasury yield curve inversions deepen. Progress in Italian political talks. Brexit optimism. NZD falls in risk-off mood. RBA sees lower rates
Equity markets take Trump deescalation at face-value. Safe haven currencies give back some recent gains. Commodity currencies outperform. RBA confirms rate cut was part of currency defense
27th Aug 19, 8:28am
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Equity markets take Trump deescalation at face-value. Safe haven currencies give back some recent gains. Commodity currencies outperform. RBA confirms rate cut was part of currency defense
Furious trade war actions overshadow Powell at Jackson Hole although he takes friendly fire too. Markets tumble. NZD holds up reasonably well on the sidelines. Orr 'waiting & watching' for now
26th Aug 19, 7:42am
Furious trade war actions overshadow Powell at Jackson Hole although he takes friendly fire too. Markets tumble. NZD holds up reasonably well on the sidelines. Orr 'waiting & watching' for now
Equities, long-end bond yields rise after reports Germany considering relaxing fiscal rules. NZD weighed down by a weak PMI. Powell’s Jackson Hole address the highlight this week
19th Aug 19, 7:47am
Equities, long-end bond yields rise after reports Germany considering relaxing fiscal rules. NZD weighed down by a weak PMI. Powell’s Jackson Hole address the highlight this week
Local currencies fare relatively well as the bond yield dives gather pace. ECB policy makers primed for more QE. Equities whipsawed. Brexit gets even messier. Markets see further RBNZ cuts
16th Aug 19, 7:56am
Local currencies fare relatively well as the bond yield dives gather pace. ECB policy makers primed for more QE. Equities whipsawed. Brexit gets even messier. Markets see further RBNZ cuts
Chinese data very weak; German GDP contracts; Government bond yields have another massive move lower; AUD and NZD follow China lower
15th Aug 19, 7:54am
Chinese data very weak; German GDP contracts; Government bond yields have another massive move lower; AUD and NZD follow China lower
US to delay latest tariffs on some consumer goods, equities rally and AUD and CNY gain. NZD separates from its correlation to the yuan. Eyes on China, Australian and EU data
14th Aug 19, 7:49am
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US to delay latest tariffs on some consumer goods, equities rally and AUD and CNY gain. NZD separates from its correlation to the yuan. Eyes on China, Australian and EU data
Trouble in Hong Kong and Argentina adds to Chinese credit data concerns, pushing investors into a risk-averse mood and boosting safe-haven currencies
13th Aug 19, 7:51am
Trouble in Hong Kong and Argentina adds to Chinese credit data concerns, pushing investors into a risk-averse mood and boosting safe-haven currencies
Markets greet US Fed rate cut with sharp equity falls, a rising USD, and a flattened US Treasury yield curve. The NZD/AUD cross pushed lower on better AU data and weaker NZ data
1st Aug 19, 7:54am
Markets greet US Fed rate cut with sharp equity falls, a rising USD, and a flattened US Treasury yield curve. The NZD/AUD cross pushed lower on better AU data and weaker NZ data
Equity markets fell overnight after Trump hit out at China for continuing to “ripoff” the US; GBP has stabilised overnight after falling further during the Asian trading session; NZD and AUD have continued to move lower
31st Jul 19, 7:43am
Equity markets fell overnight after Trump hit out at China for continuing to “ripoff” the US; GBP has stabilised overnight after falling further during the Asian trading session; NZD and AUD have continued to move lower
Most currencies stable ahead of central bank rate reviews. But the UK pound falls as a no-deal Brexit looks almost certain and the EU rejects Johnson taunts. AU and NZ interest rates move lower
30th Jul 19, 8:43am
Most currencies stable ahead of central bank rate reviews. But the UK pound falls as a no-deal Brexit looks almost certain and the EU rejects Johnson taunts. AU and NZ interest rates move lower
US Treasury yields have drifted lower, aided by a dovish speech by Fed Vice Chair Clarida; New Zealand government bond yields moved higher yesterday; the broader theme still remains one of USD strength
31st May 19, 8:15am
US Treasury yields have drifted lower, aided by a dovish speech by Fed Vice Chair Clarida; New Zealand government bond yields moved higher yesterday; the broader theme still remains one of USD strength
Equity markets and bond yields lower, as investors remain concerned about a prolonged US-China trade war; 10 year Australian government bond fell below the RBA’s cash rate and NZ rates made record lows across the curve as markets anticipated more central
30th May 19, 8:33am
Equity markets and bond yields lower, as investors remain concerned about a prolonged US-China trade war; 10 year Australian government bond fell below the RBA’s cash rate and NZ rates made record lows across the curve as markets anticipated more central
Global rates continued to fall overnight, with the 10 year US Treasury yield hitting its lowest level since late-2017; US equities were flat-to-slightly lower; USD is generally stronger for a second night running
29th May 19, 7:57am
Global rates continued to fall overnight, with the 10 year US Treasury yield hitting its lowest level since late-2017; US equities were flat-to-slightly lower; USD is generally stronger for a second night running
Equity markets are flat-to-higher, while core European government bond yields have slipped lower after reports that the European Commission was considering fining Italy for breaching its debt rules; NZD is slightly lower to start the week
28th May 19, 8:09am
Equity markets are flat-to-higher, while core European government bond yields have slipped lower after reports that the European Commission was considering fining Italy for breaching its debt rules; NZD is slightly lower to start the week
Equity and bond markets stabilised on Friday night; USD fell for a second session running with investors starting to contemplate Fed rate cuts this year; NZD has continued to recover from its year-to-date lows reached earlier in the week
27th May 19, 8:18am
Equity and bond markets stabilised on Friday night; USD fell for a second session running with investors starting to contemplate Fed rate cuts this year; NZD has continued to recover from its year-to-date lows reached earlier in the week
Global rates and equities moved sharply lower overnight; disappointing US data sparked a turnaround in the USD, which has weakened across the board; NZD has bounced back above 0.65; NZ rates continued fall yesterday
24th May 19, 7:58am
Global rates and equities moved sharply lower overnight; disappointing US data sparked a turnaround in the USD, which has weakened across the board; NZD has bounced back above 0.65; NZ rates continued fall yesterday
Equities and global rates have moved lower overnight after reports the US would extend restrictions to more Chinese technology firms; Fed reiterated its pledge to be patient; NZD has continued to grind lower amid building OCR rate cut expectations
23rd May 19, 8:14am
Equities and global rates have moved lower overnight after reports the US would extend restrictions to more Chinese technology firms; Fed reiterated its pledge to be patient; NZD has continued to grind lower amid building OCR rate cut expectations
Equity markets have rebounded over the past 24 hours; Brexit continues to linger as a risk for markets; NZD made a fresh year-to-date low; bond yields have continued to edge higher
22nd May 19, 8:09am
Equity markets have rebounded over the past 24 hours; Brexit continues to linger as a risk for markets; NZD made a fresh year-to-date low; bond yields have continued to edge higher
Equity markets have remained under pressure overnight; moves in other markets have generally been contained, although the AUD benefited from the Liberal-National coalition’s unexpected election victory over the weekend
21st May 19, 8:14am
Equity markets have remained under pressure overnight; moves in other markets have generally been contained, although the AUD benefited from the Liberal-National coalition’s unexpected election victory over the weekend
Equity markets ended last week on a soft note; AUD opened higher this morning; there may be some positive knock-on effect to the NZD; USD was stronger across-the-board on Friday
20th May 19, 8:15am
Equity markets ended last week on a soft note; AUD opened higher this morning; there may be some positive knock-on effect to the NZD; USD was stronger across-the-board on Friday
Risk sentiment has continued to improve overnight, with equities making further gains and Treasury yields moving higher; USD has strengthened; NZD and AUD have continued to drift to new lows
17th May 19, 8:05am
Risk sentiment has continued to improve overnight, with equities making further gains and Treasury yields moving higher; USD has strengthened; NZD and AUD have continued to drift to new lows
Equity markets have moved higher overnight after reports that Trump would delay a decision on auto tariffs by up to six months; in contrast, weaker Chinese and US economic data pulled bond yields lower; NZD has continued to grind lower overnight
16th May 19, 7:49am
Equity markets have moved higher overnight after reports that Trump would delay a decision on auto tariffs by up to six months; in contrast, weaker Chinese and US economic data pulled bond yields lower; NZD has continued to grind lower overnight
Markets have recovered over the past 24 hours after some more optimistic-sounding comments from President Trump on the prospect of a trade deal with China; equities and bond yields moved higher while the NZD and AUD increased modestly
15th May 19, 7:48am
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Markets have recovered over the past 24 hours after some more optimistic-sounding comments from President Trump on the prospect of a trade deal with China; equities and bond yields moved higher while the NZD and AUD increased modestly
China retaliated by increasing tariffs on $60b of US imports by up to 25%; US equities plunged, bond yields fell and the AUD and NZD depreciated; CNY experienced a chunky 0.8% fall
14th May 19, 8:07am
China retaliated by increasing tariffs on $60b of US imports by up to 25%; US equities plunged, bond yields fell and the AUD and NZD depreciated; CNY experienced a chunky 0.8% fall