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Doug Steel
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NZD tops currency leaderboard for second day running; Trump's budget, plans to cut spending by $3.6 tln over next 10 years; GBP spooked after bombing in Manchester yesterday
24th May 17, 8:53am
NZD tops currency leaderboard for second day running; Trump's budget, plans to cut spending by $3.6 tln over next 10 years; GBP spooked after bombing in Manchester yesterday
Solid data and improving risk sentiment pushes up oil prices and global yields. Markets price in a US Fed hike. Expect local yields to rise today
24th May 17, 8:11am
Solid data and improving risk sentiment pushes up oil prices and global yields. Markets price in a US Fed hike. Expect local yields to rise today
Markets on lookout for signs of higher inflation - although the RBNZ seems unmoved and unconvinced by the local trend
17th May 17, 8:43am
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Markets on lookout for signs of higher inflation - although the RBNZ seems unmoved and unconvinced by the local trend
USD breaks below the 200-day moving average and the DXY is down to its lowest level since November's election; despite positive dairy auction and USD weakness, NZD did not find upward momentum and traded a tight 40 pip range
17th May 17, 8:21am
USD breaks below the 200-day moving average and the DXY is down to its lowest level since November's election; despite positive dairy auction and USD weakness, NZD did not find upward momentum and traded a tight 40 pip range
Oil prices jumped higher as production cuts extended, up 1.9% for the day; NZD was supported by a rise in oil prices but has lost some of its gains, opening at 0.6880 USD; AUD retained some gains and NZDAUD now trades at 0.9270
16th May 17, 8:36am
Oil prices jumped higher as production cuts extended, up 1.9% for the day; NZD was supported by a rise in oil prices but has lost some of its gains, opening at 0.6880 USD; AUD retained some gains and NZDAUD now trades at 0.9270
2017 lows being tested in NZ, despite some strong local retail data. Global yields edged up along with the oil price
16th May 17, 8:29am
2017 lows being tested in NZ, despite some strong local retail data. Global yields edged up along with the oil price
NZD opens at 0.7030 USD after testing lows just below 0.7000, lower against the AUD at 0.9170; USD DXY up 0.3% on European currency weakness; UK triggered Article 50 and the Brexit process officially began last night
30th Mar 17, 8:36am
NZD opens at 0.7030 USD after testing lows just below 0.7000, lower against the AUD at 0.9170; USD DXY up 0.3% on European currency weakness; UK triggered Article 50 and the Brexit process officially began last night
ECB to sit pat. Fed speakers sing similar tunes. Local rates firm ahead of inflation clues. Offshore markets eye some important data signals
30th Mar 17, 8:23am
ECB to sit pat. Fed speakers sing similar tunes. Local rates firm ahead of inflation clues. Offshore markets eye some important data signals
Many US Fed officials speaking but Fischer's TV slot saying two more due in 2017 boosts markets. UST yields rise. Local rates may see upward pressure as a result
29th Mar 17, 8:31am
Many US Fed officials speaking but Fischer's TV slot saying two more due in 2017 boosts markets. UST yields rise. Local rates may see upward pressure as a result
USD was supported by firm data and Fed speak overnight, reversing the downward trend seen over the last two weeks, DXY up 0.6%; AUD pushed higher on strong oil and iron ore prices; NZD, as a result, down to 0.7020 USD and 0.9190 AUD
29th Mar 17, 8:28am
USD was supported by firm data and Fed speak overnight, reversing the downward trend seen over the last two weeks, DXY up 0.6%; AUD pushed higher on strong oil and iron ore prices; NZD, as a result, down to 0.7020 USD and 0.9190 AUD
Despite the chorus of Fed speakers talking up the need for even more 2017 rate hikes, markets are sceptcal, especially for the longer term
28th Mar 17, 8:39am
Despite the chorus of Fed speakers talking up the need for even more 2017 rate hikes, markets are sceptcal, especially for the longer term
NZDUSD traded a tight 30 point range to start the day at 0.7040; USD dollar index (DXY) continued its decline, dropping to the lowest level since November last year; EUR and GBP outperform
28th Mar 17, 8:33am
NZDUSD traded a tight 30 point range to start the day at 0.7040; USD dollar index (DXY) continued its decline, dropping to the lowest level since November last year; EUR and GBP outperform
Fed speakers offer varied opinions but no clear steer. UST 10yr weakens and flattens all within settled range. Local rates to follow lower
21st Mar 17, 8:51am
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Fed speakers offer varied opinions but no clear steer. UST 10yr weakens and flattens all within settled range. Local rates to follow lower