Doug Steel

Articles by Doug Steel

22 Nov 17, 8:09am
Markets starting to accept the US Fed will be raising rates, ahead of Fed minutes release. Local rates follow. Local migration data unlikely to move markets
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22 Nov 17, 7:59am
NZDUSD pushed up to around 0.6840 overnight, having dipped below 0.6800 yesterday, currently it sits at 0.6830; US dollar marginally lower, with the DXY Index down about 0.2%; AUD remained under downwards pressure yesterday; GBP has held onto recent gains
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21 Nov 17, 8:03am
Commodity currencies remain generally out of favour; NZD/USD did push up toward 0.6840 after the local close yesterday, but drifted back with USD strength overnight; EUR has been on its own mini roller coaster at the start of the week
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21 Nov 17, 7:49am
Equity markets rise in improving outlook. Local liquidity factors weigh on our rates with loan demand soft. Eyes on RBA speech
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15 Nov 17, 8:10am
Yellen expresses frustration over 'lots of speeches'. UST 10yr pulls back from 2.40% level, curve flatter. Eyes on US CPI and AU wage data. Local rates little changed
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15 Nov 17, 8:05am
EUR higher on German GDP results; USD indices retreat, reflecting EUR strength; NZD fell to 0.6850 USD but recovered some losses to currently trade at 0.6880; NZDAUD came under pressure following positive AU business conditions data
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14 Nov 17, 8:02am
GBP at the bottom of the leaderboard; USD slightly higher; NZDUSD faces downside risk; AUDUSD continues to probe lower; global yields lower; local yields tried to push higher, reflecting global moves from the previous session
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13 Oct 17, 8:23am
Oil price fall supports rise in bond prices, despite US PPI inflation. NZ yields fall across the curve in sympathy. Eyes on US, China and AU data
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13 Oct 17, 8:13am
GBP has had a wild ride overnight on the ebb and flow of Brexit talk headlines; NZD and AUD have performing strongly; US dollar index currently sits flat on the day, halting a four day decline
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11 Oct 17, 9:05am
Local rates will meander sideways until next Government is revealed. US Fed decision awaits US CPI reading, most analysts expect a December rise
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11 Oct 17, 8:01am
USD traded lower overnight, down moderately against all majors; European currencies rose overnight, reflecting a soft USD; NZD has generally underperformed, up just 0.1% against a weaker USD
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10 Oct 17, 8:03am
European 10yr bond yields ease 1-3 bps; local rates movements all within a basis point across the swap curve; NZ government bond yields did push 2 to 3.5 basis points higher across the curve
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10 Oct 17, 7:57am
NZDUSD opens this morning around 0.7070, while NZDAUD sits close to 0.9110; GBP gained some support; EUR up 0.2% to close at 1.1750
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31 Aug 17, 8:26am
USD DXY index was up 0.7% as broad based gains were made on better than expected GDP and employment data; NZDUSD closed at the bottom of its recent 0.7190 to 0.7300 range; NZDAUD tested the 0.9070 support level to currently trade at 0.9110
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31 Aug 17, 8:21am
Eyes on US employment data, but S&P warns on US debt ceiling brinkmanship. Risk aversion eases. Local rates 'void of broad direction'
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30 Aug 17, 8:25am
North Korea fired a missile towards Japan yesterday, which soured risk sentiment; risk sentiment recovered later in day as markets speculated that tensions will not escalate; NZD followed the global risk sentiment moves to trade at 0.7250 USD this morning
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30 Aug 17, 8:08am
Markets fret about US debt ceiling, North Korea, US tax reform. And adopt a risk off view. Low long end yields continued recent NZ curve flattening
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29 Aug 17, 8:29am
USD extended Friday's losses on a thin trading day, the DXY index was down 0.5%; European currencies continued to benefit; NZDUSD trades at the top of its 30 point range; gold up more than 1.5%
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29 Aug 17, 8:05am
Markets await Trump tax plan, but assume he be equally ineffective as previous 'plans'. Other data should have larger impact
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2 Aug 17, 8:23am
Mixed US data weighs on UST yields, with European long end yields following. These moves will influence local yields today. Spencer speech expected to make no waves
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