USD
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
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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
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Strong US jobs numbers force a re-think, Fed funds futures peek above 5%. Is this the start of another fierce US dollar rally?
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