NZD
Could the banking crisis ‘morph into something more sinister’ for the New Zealand dollar?
28th Mar 23, 12:41pm
20
Could the banking crisis ‘morph into something more sinister’ for the New Zealand dollar?
Deutsche Bank concerns dent risk sentiment before US stocks rebound. Banking sector news flow, not macro data, the key directional influencer. US flash PMIs: services sector strong, manufacturing recessionary
27th Mar 23, 8:21am
Deutsche Bank concerns dent risk sentiment before US stocks rebound. Banking sector news flow, not macro data, the key directional influencer. US flash PMIs: services sector strong, manufacturing recessionary
Risk assets rebound. S&P500 propelled higher from 200-day moving average. Bank of England hikes by 25bps, as expected. NZDGBP bounces off 5mth lows
24th Mar 23, 8:06am
1
Risk assets rebound. S&P500 propelled higher from 200-day moving average. Bank of England hikes by 25bps, as expected. NZDGBP bounces off 5mth lows
UBS acquisition of Credit Suisse alleviates some concern, risks remain. AT1 bond concerns will add to bank funding costs, lifting recession odds
21st Mar 23, 9:50am
1
UBS acquisition of Credit Suisse alleviates some concern, risks remain. AT1 bond concerns will add to bank funding costs, lifting recession odds
NZD the strongest G10 performer for the week. Bond market volatility persists, yields plummet amidst baking turmoil. Banking sector concerns will continue to influence sentiment
20th Mar 23, 7:58am
1
NZD the strongest G10 performer for the week. Bond market volatility persists, yields plummet amidst baking turmoil. Banking sector concerns will continue to influence sentiment
ECB prioritises inflation fight over financial stability, hikes by 50bps. Weak 4Q NZ GDP & strong AUS jobs may signal turning point for NZDAUD. Swiss National Bank delivers $50 billion lifeline for Credit Suisse
17th Mar 23, 8:00am
1
ECB prioritises inflation fight over financial stability, hikes by 50bps. Weak 4Q NZ GDP & strong AUS jobs may signal turning point for NZDAUD. Swiss National Bank delivers $50 billion lifeline for Credit Suisse
Global bond yields and EU/UK equities plummet as fear levels jump. EUR crunched as ECB’s pre-committed 50bps hike seems unlikely
16th Mar 23, 8:07am
Global bond yields and EU/UK equities plummet as fear levels jump. EUR crunched as ECB’s pre-committed 50bps hike seems unlikely
US CPI data in-line with consensus forecast – Fed likely to favour 25bps. Powell’s tough decision: inflation fight or financial stability support?
15th Mar 23, 8:07am
US CPI data in-line with consensus forecast – Fed likely to favour 25bps. Powell’s tough decision: inflation fight or financial stability support?
Bailout time – US regulators step-in to stave off SVB & Signature collapses. Mammoth rates market re-pricing
14th Mar 23, 8:10am
Bailout time – US regulators step-in to stave off SVB & Signature collapses. Mammoth rates market re-pricing
Silicon Valley Bank collapse roils markets. US jobs report mixed: jobs growth stronger, unemployment higher. S&P500 logs worst week since September
13th Mar 23, 7:58am
Silicon Valley Bank collapse roils markets. US jobs report mixed: jobs growth stronger, unemployment higher. S&P500 logs worst week since September
Day 1 of Powell’s testimony sends clear hawkish message – Fed will keep hiking. RBA delivers expected 25bps hike, dovish statement suggests pause upcoming
8th Mar 23, 8:12am
Day 1 of Powell’s testimony sends clear hawkish message – Fed will keep hiking. RBA delivers expected 25bps hike, dovish statement suggests pause upcoming
US ISM Services PMI stronger than expected – no recessionary signs. US treasury yields fall, stocks rise as the week ends with a 2-day risk rally. US jobs numbers and Powell’s testimony are the weeks’ major events
6th Mar 23, 8:12am
US ISM Services PMI stronger than expected – no recessionary signs. US treasury yields fall, stocks rise as the week ends with a 2-day risk rally. US jobs numbers and Powell’s testimony are the weeks’ major events
Bond yields continue to rise, US ten-year extends higher through 4.00%. Eurozone inflation stronger than expected adding to sticky inflation concerns
3rd Mar 23, 9:02am
Bond yields continue to rise, US ten-year extends higher through 4.00%. Eurozone inflation stronger than expected adding to sticky inflation concerns
Stronger than expected China PMIs propel China-sensitive assets higher. US ISM Manufacturing PMI adds to stick inflation concerns. 10yr trades 4.00%
2nd Mar 23, 8:30am
Stronger than expected China PMIs propel China-sensitive assets higher. US ISM Manufacturing PMI adds to stick inflation concerns. 10yr trades 4.00%
US equities claw back some of Friday’s losses, but look vulnerable. Higher for longer the market’s current headwind. Bond market the key driver
28th Feb 23, 8:15am
US equities claw back some of Friday’s losses, but look vulnerable. Higher for longer the market’s current headwind. Bond market the key driver
More hot inflation data, the Fed’s preferred inflation gauge – PCE, hot. US dollar supported by US bond yields continuing to track higher
27th Feb 23, 8:07am
More hot inflation data, the Fed’s preferred inflation gauge – PCE, hot. US dollar supported by US bond yields continuing to track higher
RBNZ delivers 50bps, update viewed as hawkish given peak rate @ 5.50%. Kiwi rips higher versus the Aussie, NZDAUD looks to be basing
23rd Feb 23, 7:59am
RBNZ delivers 50bps, update viewed as hawkish given peak rate @ 5.50%. Kiwi rips higher versus the Aussie, NZDAUD looks to be basing
US equity markets start the holiday shortened week under pressure. Bond yields extend higher, US10yr poised to break back up through 4%
22nd Feb 23, 10:36am
1
US equity markets start the holiday shortened week under pressure. Bond yields extend higher, US10yr poised to break back up through 4%
US data continues to run hot – PPI at 7 mth high fuelling sticky inflation concern. FOMC non-voter Mester delivers hawkish comments, 50bps hike still considered. Despite rising yields & good data/bad data dynamic, equities remain near highs
17th Feb 23, 8:03am
US data continues to run hot – PPI at 7 mth high fuelling sticky inflation concern. FOMC non-voter Mester delivers hawkish comments, 50bps hike still considered. Despite rising yields & good data/bad data dynamic, equities remain near highs
Another white-hot US data point – retail sales the highest since March 2021. UK CPI falls further than expected, but remains in double digits, GBP falls
16th Feb 23, 8:01am
Another white-hot US data point – retail sales the highest since March 2021. UK CPI falls further than expected, but remains in double digits, GBP falls
US CPI delivers a little for the hawks, a little for the doves, price action choppy. UK wages growth remains strong, requiring the BoE to tighten further
15th Feb 23, 9:00am
US CPI delivers a little for the hawks, a little for the doves, price action choppy. UK wages growth remains strong, requiring the BoE to tighten further
US equities and risk assets start the week on positive note ahead of US CPI. The next 24 hours likely to deliver a material directional move
14th Feb 23, 8:36am
US equities and risk assets start the week on positive note ahead of US CPI. The next 24 hours likely to deliver a material directional move
The disinflation trade loses momentum, risk assets continue to pullback. Tech rally stalls – Nasdaq logs first losing week since late December. The market’s next big test this week – January US CPI
13th Feb 23, 7:55am
The disinflation trade loses momentum, risk assets continue to pullback. Tech rally stalls – Nasdaq logs first losing week since late December. The market’s next big test this week – January US CPI
RBA delivers a hawkish update, hikes by 25bps to 3.3%, signals more to come. Fed Chair Powell’s speech today’s main event, followed by Biden's State of the Union address
8th Feb 23, 8:03am
RBA delivers a hawkish update, hikes by 25bps to 3.3%, signals more to come. Fed Chair Powell’s speech today’s main event, followed by Biden's State of the Union address
Strong US jobs numbers force a re-think, Fed funds futures peek above 5%. Is this the start of another fierce US dollar rally?
7th Feb 23, 8:09am
1
Strong US jobs numbers force a re-think, Fed funds futures peek above 5%. Is this the start of another fierce US dollar rally?