FOMC
Two Fed members, including a dove, get more hawkish. Eyes turn to US jobs data and ECB policy settings
8th Mar 18, 8:45am
Two Fed members, including a dove, get more hawkish. Eyes turn to US jobs data and ECB policy settings
USD is flat to stronger against all the majors overnight; against the risk-off mood yesterday, the NZD held up pretty well, but drifted down to 0.7260 this morning; Brexit news continues to hang over GBP and EUR
8th Mar 18, 8:31am
USD is flat to stronger against all the majors overnight; against the risk-off mood yesterday, the NZD held up pretty well, but drifted down to 0.7260 this morning; Brexit news continues to hang over GBP and EUR
NZD has outperformed, trading at around 0.7300 USD; AUD has pushed up through 0.7800 USD; safe-havens such as CHF, JPY and USD have underperformed; US 10-year Treasury yield currently down 1 bp from the NZ close
7th Mar 18, 8:22am
NZD has outperformed, trading at around 0.7300 USD; AUD has pushed up through 0.7800 USD; safe-havens such as CHF, JPY and USD have underperformed; US 10-year Treasury yield currently down 1 bp from the NZ close
NZD was generally lower through the Asian session, finding some support just above the 0.72 mark; GBP has outperformed, seeing a lift after UK PM May spoke in Parliament; CAD has been a notable underperformer
6th Mar 18, 8:22am
NZD was generally lower through the Asian session, finding some support just above the 0.72 mark; GBP has outperformed, seeing a lift after UK PM May spoke in Parliament; CAD has been a notable underperformer
NZ Govt bond yields mirror gains in US rates but local swaps don't react. Eyes on Aussie data today and the RBA update
6th Mar 18, 8:07am
NZ Govt bond yields mirror gains in US rates but local swaps don't react. Eyes on Aussie data today and the RBA update
US equities managed to trend higher through the course of the day, ending up 0.5%; US 10-year yields reversed the previous day’s fall; USD remained on a softer trajectory; NZD closed the week at around 0.7240
5th Mar 18, 8:22am
US equities managed to trend higher through the course of the day, ending up 0.5%; US 10-year yields reversed the previous day’s fall; USD remained on a softer trajectory; NZD closed the week at around 0.7240
US equities have fallen again overnight; US Treasury yields declined slightly; USD is mixed overnight; NZD one of the stronger performing currencies; NZ swaps curve saw a notable flattening yesterday
2nd Mar 18, 8:18am
US equities have fallen again overnight; US Treasury yields declined slightly; USD is mixed overnight; NZD one of the stronger performing currencies; NZ swaps curve saw a notable flattening yesterday
Investors on the lookout for upside surprises in US inflation, payrolls. But equities hold as growth holds. Signs of heavy short positioning among speculative investors
1st Mar 18, 8:10am
Investors on the lookout for upside surprises in US inflation, payrolls. But equities hold as growth holds. Signs of heavy short positioning among speculative investors
NZD at 0.7215 USD is at three week lows; USD is a little stronger overnight; GBP was the worst performing currency as tensions mount between the EU and UK over Brexit; JPY was the best performing currency
1st Mar 18, 8:00am
NZD at 0.7215 USD is at three week lows; USD is a little stronger overnight; GBP was the worst performing currency as tensions mount between the EU and UK over Brexit; JPY was the best performing currency
Powell answers move UST yields higher while equity prices shift lower on Wall Street. Focus now shifts to US non-farm payrolls
28th Feb 18, 8:11am
Powell answers move UST yields higher while equity prices shift lower on Wall Street. Focus now shifts to US non-farm payrolls
Bloomberg USD index is 0.5% higher and at near two-week highs; German CPI surprised on the downside; NZDUSD is down 0.8% the past 24 hours
28th Feb 18, 7:57am
Bloomberg USD index is 0.5% higher and at near two-week highs; German CPI surprised on the downside; NZDUSD is down 0.8% the past 24 hours
The former Fed supremos to take their conversation public. Local swap rates follow offshore markets lower. Equities up but bond yields down
27th Feb 18, 10:36am
The former Fed supremos to take their conversation public. Local swap rates follow offshore markets lower. Equities up but bond yields down
NZD moved from around 0.7280 at lunchtime yesterday to a high of 0.7345 overnight, but it has since returned to 0.7300 USD; US dollar is broadly unchanged against most of the major currencies
27th Feb 18, 7:54am
NZD moved from around 0.7280 at lunchtime yesterday to a high of 0.7345 overnight, but it has since returned to 0.7300 USD; US dollar is broadly unchanged against most of the major currencies
CAD was the best performing currency on Friday; GBP was the second best performing currency; NZD was one of the worst performing currencies; USD was a bit stronger against most currencies
26th Feb 18, 8:17am
CAD was the best performing currency on Friday; GBP was the second best performing currency; NZD was one of the worst performing currencies; USD was a bit stronger against most currencies
US yields fall and flatten even as equities rise strongly. US Fed sees full employment and wage gains but no special concern over inflation. The pace of normalisation gets trader attention
26th Feb 18, 8:11am
US yields fall and flatten even as equities rise strongly. US Fed sees full employment and wage gains but no special concern over inflation. The pace of normalisation gets trader attention
US yields moved higher after the minutes but these moves have subsequently reversed; the market continues to price just less than 3 hikes for this year; NZ swap yields moved a little higher yesterday, but again by less than the US
23rd Feb 18, 7:56am
US yields moved higher after the minutes but these moves have subsequently reversed; the market continues to price just less than 3 hikes for this year; NZ swap yields moved a little higher yesterday, but again by less than the US
USD strengthened across the board after the Fed minutes but it has given up most of those gains overnight; ECB will probably announce an end to QE in September; NZDUSD similar to where it was this time yesterday, NZDAUD has fallen a little overnight
23rd Feb 18, 7:50am
USD strengthened across the board after the Fed minutes but it has given up most of those gains overnight; ECB will probably announce an end to QE in September; NZDUSD similar to where it was this time yesterday, NZDAUD has fallen a little overnight
Interest rate markets calm ahead of US Fed guidance on tightening track. Local swaps fell modestly. Another NZGB bond tender today
22nd Feb 18, 8:00am
Interest rate markets calm ahead of US Fed guidance on tightening track. Local swaps fell modestly. Another NZGB bond tender today
USD is again stronger against most of the major currencies overnight; NZD traded in a tight range to be slightly lower; GBP had a relatively volatile night compared to most currencies; AUD is the worst performer
22nd Feb 18, 7:54am
USD is again stronger against most of the major currencies overnight; NZD traded in a tight range to be slightly lower; GBP had a relatively volatile night compared to most currencies; AUD is the worst performer
A heavy wave of US T-bill and Treasury bond issuance starts week to support widening US fiscal deficit. Bid-cover lowest in a decade, foreign central banks buying
21st Feb 18, 8:25am
A heavy wave of US T-bill and Treasury bond issuance starts week to support widening US fiscal deficit. Bid-cover lowest in a decade, foreign central banks buying
USD major currency TWI is up 0.5% for the session, taking its cumulative gain since the intraday low on Friday to 1.5%; NZD has traded in a tight range overnight and sits this morning around 0.7350 USD; GBP has been the strongest of the majors
21st Feb 18, 8:22am
USD major currency TWI is up 0.5% for the session, taking its cumulative gain since the intraday low on Friday to 1.5%; NZD has traded in a tight range overnight and sits this morning around 0.7350 USD; GBP has been the strongest of the majors
USD has wriggled higher, adding to the recovery it started late last week; NZDUSD pushed slowly higher yesterday reaching 0.7410 before drifting lower; AUD slightly outperformed the NZD overnight, checking the recent gains in NZDAUD
20th Feb 18, 8:30am
USD has wriggled higher, adding to the recovery it started late last week; NZDUSD pushed slowly higher yesterday reaching 0.7410 before drifting lower; AUD slightly outperformed the NZD overnight, checking the recent gains in NZDAUD
Various USD indices recovered by 0.8-0.9% by the close of the week; NZD was modestly higher on most of the crosses; EUR was the weakest, closing near 1.2400 USD
19th Feb 18, 8:22am
Various USD indices recovered by 0.8-0.9% by the close of the week; NZD was modestly higher on most of the crosses; EUR was the weakest, closing near 1.2400 USD
US public holiday brings light calendar. Impressive US data overshadowed by Mueller's indictments, and impending tariff actions. Fed minutes eyed for clues about number of hikes
19th Feb 18, 7:54am
US public holiday brings light calendar. Impressive US data overshadowed by Mueller's indictments, and impending tariff actions. Fed minutes eyed for clues about number of hikes
Equities signal risk-on but bonds don't play by the same script. EU surplus with US grows. NZ rates play catchup with USTs with NZG 10yr yield rising
16th Feb 18, 8:14am
Equities signal risk-on but bonds don't play by the same script. EU surplus with US grows. NZ rates play catchup with USTs with NZG 10yr yield rising