NZD
Central bank bonanza delivers +25bps from the Fed, +50bps from the ECB (and BOE). US equities extend higher on narrative the Fed is almost done, soft lading hopes
3rd Feb 23, 7:58am
Central bank bonanza delivers +25bps from the Fed, +50bps from the ECB (and BOE). US equities extend higher on narrative the Fed is almost done, soft lading hopes
Markets may continue to drift sideways before the action heats up tomorrow after the US Fed decisions. Ahead of that US equities pullback from highs, trading with caution
1st Feb 23, 8:12am
Markets may continue to drift sideways before the action heats up tomorrow after the US Fed decisions. Ahead of that US equities pullback from highs, trading with caution
US equities pullback from highs, trading with caution ahead of big events. Australian retail sales & China PMIs the focus during today's Asian session
31st Jan 23, 8:08am
US equities pullback from highs, trading with caution ahead of big events. Australian retail sales & China PMIs the focus during today's Asian session
The Australian dollar the clear standout performer from last week on hot CPI. Local jobs numbers and AUS retail sales this week’s trans-Tasman headliners. US equities grind higher, Nasdaq logging 4th week of gains, outperforms
30th Jan 23, 8:07am
The Australian dollar the clear standout performer from last week on hot CPI. Local jobs numbers and AUS retail sales this week’s trans-Tasman headliners. US equities grind higher, Nasdaq logging 4th week of gains, outperforms
US GDP, durable goods, jobless claims paint the picture of a resilient economy. Financial conditions back to levels seen 12 mths ago – will the Fed pushback? NZD tracks sideways
27th Jan 23, 8:04am
US GDP, durable goods, jobless claims paint the picture of a resilient economy. Financial conditions back to levels seen 12 mths ago – will the Fed pushback? NZD tracks sideways
NZ CPI a little stronger than expected, AUS CPI significantly stronger. Kiwi crunched against the Aussie. RBNZ hike expectations dialed down
26th Jan 23, 7:56am
NZ CPI a little stronger than expected, AUS CPI significantly stronger. Kiwi crunched against the Aussie. RBNZ hike expectations dialed down
Optimism continues to be the predominant mood. Hey, what recession? CPI double header: 4Q inflation readings released for both NZ and AUS
25th Jan 23, 7:58am
Optimism continues to be the predominant mood. Hey, what recession? CPI double header: 4Q inflation readings released for both NZ and AUS
Markets are bravely assuming the inflation battle has been won. Risk assets extend higher
24th Jan 23, 8:06am
Markets are bravely assuming the inflation battle has been won. Risk assets extend higher
Tech stock rally and dovish Fed-speak propel US equities higher. Soft(ish) landing vs recession fears the competing narratives. Wednesday’s trans-Tasman CPI doubleheader the week’s major event
23rd Jan 23, 7:49am
Tech stock rally and dovish Fed-speak propel US equities higher. Soft(ish) landing vs recession fears the competing narratives. Wednesday’s trans-Tasman CPI doubleheader the week’s major event
Gravestone bearish reversal portends further downside ahead, The monkey wrench has been thrown, driving negative risk sentiment. ECB minutes and Lagarde’s Davos speech maintain ECB’s hawkish tone
20th Jan 23, 7:59am
Gravestone bearish reversal portends further downside ahead, The monkey wrench has been thrown, driving negative risk sentiment. ECB minutes and Lagarde’s Davos speech maintain ECB’s hawkish tone
China activity data surprises to the upside, further bolstering re-opening positivity. UK reports a resilient labour market keeps the BoE on track for +50bps hike. Eyes on BofJ
18th Jan 23, 8:04am
China activity data surprises to the upside, further bolstering re-opening positivity. UK reports a resilient labour market keeps the BoE on track for +50bps hike. Eyes on BofJ
US dollar index (DXY) has fallen to important technical support – where to next? China activity data and UK jobs the major data points
17th Jan 23, 8:13am
1
US dollar index (DXY) has fallen to important technical support – where to next? China activity data and UK jobs the major data points
NZD recovers to end week near 63.8 USc. A key US sentiment survey drives stocks higher. S&P500 clears key technical resistance, trades through 4000 and 200 day moving average
16th Jan 23, 8:07am
NZD recovers to end week near 63.8 USc. A key US sentiment survey drives stocks higher. S&P500 clears key technical resistance, trades through 4000 and 200 day moving average
Markets react violently to CPI despite the latest inflation read being in-line. Market friendly data flow has been the early story of 2023, boosting sentiment. Don't get complacent, remember 2022 - sentiment turns on a dime, be prepared
13th Jan 23, 8:04am
2
Markets react violently to CPI despite the latest inflation read being in-line. Market friendly data flow has been the early story of 2023, boosting sentiment. Don't get complacent, remember 2022 - sentiment turns on a dime, be prepared
Financial markets and the US Fed disagree on where to from here. Who is right will start to be revealed when the US CPI data is released soon. Meanwhile the NZD is at the mercy of these forces
12th Jan 23, 8:03am
1
Financial markets and the US Fed disagree on where to from here. Who is right will start to be revealed when the US CPI data is released soon. Meanwhile the NZD is at the mercy of these forces
Currency markets have slipped into wait-and-see mode ahead of the upcoming US CPI report which is likely to deliver more lively action
11th Jan 23, 8:16am
Currency markets have slipped into wait-and-see mode ahead of the upcoming US CPI report which is likely to deliver more lively action
Although markets may now slip into a wait-and-see mode ahead of the US inflation number on Thursday, the NZD is extending its gains on encouraging data flows and revised China prospects
10th Jan 23, 8:30am
1
Although markets may now slip into a wait-and-see mode ahead of the US inflation number on Thursday, the NZD is extending its gains on encouraging data flows and revised China prospects
Market responds positively to softer US wage rises in positive US jobs report. The NZD moves positively against the JPY on the BoJ shift, and against the AUD on China trade developments
9th Jan 23, 8:27am
Market responds positively to softer US wage rises in positive US jobs report. The NZD moves positively against the JPY on the BoJ shift, and against the AUD on China trade developments
Hawkish central bank decisions from the Fed and ECB dents sentiment. US equites and other risk assets experience 24 hours of heavy selling. PMIs for AUS, UK, EU and US round out a pivotal week
16th Dec 22, 8:21am
2
Hawkish central bank decisions from the Fed and ECB dents sentiment. US equites and other risk assets experience 24 hours of heavy selling. PMIs for AUS, UK, EU and US round out a pivotal week
Softer US CPI propels risk assets higher. But US equites can’t maintain outsized gains. Eyes now firmly on FOMC decision and dot plots
14th Dec 22, 8:06am
Softer US CPI propels risk assets higher. But US equites can’t maintain outsized gains. Eyes now firmly on FOMC decision and dot plots
NZD pulls back in subdued price action, but action intensifies from this evening. The tone and narratives for early 2023 will likely be determined this week
13th Dec 22, 8:25am
NZD pulls back in subdued price action, but action intensifies from this evening. The tone and narratives for early 2023 will likely be determined this week
NZD ascends near 0.6430, ends the week above 64 US cents. US producer price index stronger than expected, USD rallies than falters. American inflation expectations continue to ease
12th Dec 22, 8:06am
1
NZD ascends near 0.6430, ends the week above 64 US cents. US producer price index stronger than expected, USD rallies than falters. American inflation expectations continue to ease
China delivers sweeping reforms to Covid protocols, boosting both the NZD & AUD. Bank of Canada hikes by 50bps to 4.25%; AUS GDP a little softer
8th Dec 22, 7:48am
1
China delivers sweeping reforms to Covid protocols, boosting both the NZD & AUD. Bank of Canada hikes by 50bps to 4.25%; AUS GDP a little softer
RBA delivers its widely expected 25bps hike to take cash rate to 3.10%, flags more. S&P 500 eases back below 200d MA; are we setting up for another down leg?
7th Dec 22, 8:09am
RBA delivers its widely expected 25bps hike to take cash rate to 3.10%, flags more. S&P 500 eases back below 200d MA; are we setting up for another down leg?
US equities fall on stronger ISM Services PMI and WSJ’s Timiraos article. Risk assets may have peaked, awaiting next week’s pivotal year-end events
6th Dec 22, 8:27am
US equities fall on stronger ISM Services PMI and WSJ’s Timiraos article. Risk assets may have peaked, awaiting next week’s pivotal year-end events