Jason Wong

US equities surge despite, or because of, close election result. Biden likely to win, but Senate too close to call. US Treasuries cheer prospect of less out-of-control spending/debt. NZD volatile but flat at 0.67; mild USD weakness

US equities surge despite, or because of, close election result. Biden likely to win, but Senate too close to call. US Treasuries cheer prospect of less out-of-control spending/debt. NZD volatile but flat at 0.67; mild USD weakness

Strong risk rally on US election day. Market optimistically assumes a clear-cut, uncontested, result. US equities up 2%, UST10s yield at 4-month high; USD weaker NZD up through 0.67, but underperforms AUD despite RBA easing

Strong risk rally on US election day. Market optimistically assumes a clear-cut, uncontested, result. US equities up 2%, UST10s yield at 4-month high; USD weaker NZD up through 0.67, but underperforms AUD despite RBA easing

Equities recover some of last week's hefty losses, ahead of US election. US 10-year rate also reverses course, down 3bps despite strong ISM report. Commodity currencies outperform

Equities recover some of last week's hefty losses, ahead of US election. US 10-year rate also reverses course, down 3bps despite strong ISM report. Commodity currencies outperform

Concern about surge in COVID19 cases across the US and Europe. Global equities down around 3% ahead of new country-wide restrictions for France and Germany

Concern about surge in COVID19 cases across the US and Europe. Global equities down around 3% ahead of new country-wide restrictions for France and Germany

Cautious risk backdrop sees equity markets flat to down and global rates push lower. NZD/AUD sees fresh multi-month high

Cautious risk backdrop sees equity markets flat to down and global rates push lower. NZD/AUD sees fresh multi-month high

Positive talk on US fiscal stimulus supports US equities and drives US 10-year rate to fresh multi-month high. NZD outperforms for no obvious reason

Positive talk on US fiscal stimulus supports US equities and drives US 10-year rate to fresh multi-month high. NZD outperforms for no obvious reason

GBP outperforms as UK-EU trade talks to resume. NZD and AUD up strongly, recovering recent losses. USD weak and UST yields higher on US fiscal talk

GBP outperforms as UK-EU trade talks to resume. NZD and AUD up strongly, recovering recent losses. USD weak and UST yields higher on US fiscal talk

US equities bounce back on little fresh news. NZD and AUD up slightly overnight after yesterday's losses after RBNZ and RBA maintain dovish overtones

US equities bounce back on little fresh news. NZD and AUD up slightly overnight after yesterday's losses after RBNZ and RBA maintain dovish overtones

New restrictions in London and France to contain spread of COVID19. US jobless claims rise. Equities fall and safe haven currencies outperform. Dovish RBA adds to weaker AUD profile

New restrictions in London and France to contain spread of COVID19. US jobless claims rise. Equities fall and safe haven currencies outperform. Dovish RBA adds to weaker AUD profile

Cautious tone overhangs US equity market. GBP recovers, with UK-EU trade talks likely to continue for longer. NZD unperturbed by dovish RBNZ commentary. If anything, market losing the faith in extent of possible OCR fall next year

Cautious tone overhangs US equity market. GBP recovers, with UK-EU trade talks likely to continue for longer. NZD unperturbed by dovish RBNZ commentary. If anything, market losing the faith in extent of possible OCR fall next year

Equity markets take on a more cautious tone as US earnings season begins. AUD slips further after yesterday's swoon after focus on China coal import ban. EUR and GBP soft with little progress on trade talks. US rates lower; US CPI shows very weak rents

Equity markets take on a more cautious tone as US earnings season begins. AUD slips further after yesterday's swoon after focus on China coal import ban. EUR and GBP soft with little progress on trade talks. US rates lower; US CPI shows very weak rents

US equities ramp up further. Weaker CNY post-PBoC policy change drags down NZD and AUD. Further upside pressure in NZGB yields

US equities ramp up further. Weaker CNY post-PBoC policy change drags down NZD and AUD. Further upside pressure in NZGB yields

Mixed news on the US economy and stalemate on US fiscal negotiations. But US equities up regardless to begin Q4 on a positive note. GBP whippy on Brexit-related news. NZD leads the pack overnight; CNY well supported

Mixed news on the US economy and stalemate on US fiscal negotiations. But US equities up regardless to begin Q4 on a positive note. GBP whippy on Brexit-related news. NZD leads the pack overnight; CNY well supported

Stronger US data and fiscal stimulus hopes support risk assets. Commodity currencies outperform. US and NZ rates higher

Stronger US data and fiscal stimulus hopes support risk assets. Commodity currencies outperform. US and NZ rates higher

More cautious tone to equity markets ahead of first US Presidential debate. NZD and AUD recover some of last week's hefty losses. Oil prices down 4%

More cautious tone to equity markets ahead of first US Presidential debate. NZD and AUD recover some of last week's hefty losses. Oil prices down 4%

Light newsflow, but strong broadly-based gains in equity markets. GBP outperforms as UK-EU trade talks resume; negative rates hosed down. NZD flat; generally softer on the crosses

Light newsflow, but strong broadly-based gains in equity markets. GBP outperforms as UK-EU trade talks resume; negative rates hosed down. NZD flat; generally softer on the crosses

US equities rebound, but S&P500 still down for the week. Fiscal talks news and US Supreme Court nomination post-date Friday close. NZD flat; NZD/AUD closes above 0.93

US equities rebound, but S&P500 still down for the week. Fiscal talks news and US Supreme Court nomination post-date Friday close. NZD flat; NZD/AUD closes above 0.93

Mixed overnight trading session reflecting the mix of drivers. NZD and AUD recover after printing fresh lows. NZ long rates continue to rally

Mixed overnight trading session reflecting the mix of drivers. NZD and AUD recover after printing fresh lows. NZ long rates continue to rally

Equities under downward pressure again. NZD and AUD fall by more than 1% for the day. RBNZ MPR in line, so that wasn't a factor. Market lining up for further RBA easing

Equities under downward pressure again. NZD and AUD fall by more than 1% for the day. RBNZ MPR in line, so that wasn't a factor. Market lining up for further RBA easing

Risk sentiment sours, with a number of investor concerns raised. Chunky falls in equity markets, global rates fall. USD outperforms, NZD the worst down 1.4%

Risk sentiment sours, with a number of investor concerns raised. Chunky falls in equity markets, global rates fall. USD outperforms, NZD the worst down 1.4%

Fed adds state-contingent forward guidance to rates outlook. Market takes that in its stride, expects rates to remain low for many years. NZ debt funding program lowered, pushing long NZGB yields lower

Fed adds state-contingent forward guidance to rates outlook. Market takes that in its stride, expects rates to remain low for many years. NZ debt funding program lowered, pushing long NZGB yields lower

Global equities recover further, supported by positive China economic data. Lack of follow-through in yesterday's gains for NZD, AUD

Global equities recover further, supported by positive China economic data. Lack of follow-through in yesterday's gains for NZD, AUD

US equity markets rebound strongly helped by positive news on vaccines and spate of corporate activity. NZD higher, at the expense of AUD, on speculation of further RBA easing

US equity markets rebound strongly helped by positive news on vaccines and spate of corporate activity. NZD higher, at the expense of AUD, on speculation of further RBA easing

Equity markets reverse course, Nasdaq up 3%. NZD and AUD push higher. A historical day for domestic rates, as NZGB and swap rates go negative

Equity markets reverse course, Nasdaq up 3%. NZD and AUD push higher. A historical day for domestic rates, as NZGB and swap rates go negative

Equity markets tumble further. NZD falls over -1% with the risk-off backdrop. GBP remains under pressure on Brexit concerns

Equity markets tumble further. NZD falls over -1% with the risk-off backdrop. GBP remains under pressure on Brexit concerns