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Kymberly Martin
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Currency markets undaunted by higher NZD from USD weakness, unshaken by prospect of more RBNZ rate cuts. NZD rises against others too
31st Mar 16, 7:15am
Currency markets undaunted by higher NZD from USD weakness, unshaken by prospect of more RBNZ rate cuts. NZD rises against others too
Two year swap may trade down to 2% in coming weeks/months, a -20 bps fall from here, says BNZ. Eyes today on inflation expectations
31st Mar 16, 7:00am
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Two year swap may trade down to 2% in coming weeks/months, a -20 bps fall from here, says BNZ. Eyes today on inflation expectations
NZD shows striking strength against both the USD and AUD. Currency markets eyeing data on NZ inflation expectations and US payrolls
30th Mar 16, 8:22am
NZD shows striking strength against both the USD and AUD. Currency markets eyeing data on NZ inflation expectations and US payrolls
Yellen sets dovish tone and equities burst higher, bond yields fell. Big new NZGB syndication announced. Analysts turn focus to US non-farm payrolls
30th Mar 16, 8:14am
Yellen sets dovish tone and equities burst higher, bond yields fell. Big new NZGB syndication announced. Analysts turn focus to US non-farm payrolls
US PCE inflation stuck at 1% despite upward revision to US GDP. Strong demand for NZGBs with them outperforming related benchmarks
29th Mar 16, 8:32am
US PCE inflation stuck at 1% despite upward revision to US GDP. Strong demand for NZGBs with them outperforming related benchmarks
US PCE deflator drops to 1%, USD trades lower; market continues to ponder future Fed hikes; BNZ revise forecasts for NZD/USD & AUD/USD to 61c & 69c respectively
29th Mar 16, 8:15am
US PCE deflator drops to 1%, USD trades lower; market continues to ponder future Fed hikes; BNZ revise forecasts for NZD/USD & AUD/USD to 61c & 69c respectively
Iran to boost oil product to pre-sanction levels; Fonterra dairy auction indicators more positive; USD strengthens ahead of FOMC; JPY rise as risk appetite subsides
15th Mar 16, 8:28am
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Iran to boost oil product to pre-sanction levels; Fonterra dairy auction indicators more positive; USD strengthens ahead of FOMC; JPY rise as risk appetite subsides
Booming local service sector doesn't change market settings. Foreign holdings of NZGBs remains high, boosted by safety and yield
15th Mar 16, 8:16am
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Booming local service sector doesn't change market settings. Foreign holdings of NZGBs remains high, boosted by safety and yield
RBNZ rate cut impact on NZD short lived; European credit spreads narrow on improved sentiment; Brexit fears less acute; AUD may be sold-off on release of weaker Chinese data
14th Mar 16, 8:26am
RBNZ rate cut impact on NZD short lived; European credit spreads narrow on improved sentiment; Brexit fears less acute; AUD may be sold-off on release of weaker Chinese data
RBNZ keeps short end swaps down, US Fed pushes long end up. Curve steepens
14th Mar 16, 7:42am
RBNZ keeps short end swaps down, US Fed pushes long end up. Curve steepens
ECB inspires volatility with rate cut but warns no further downward moves may be delivered; NZD/USD consolidates above 66.5c reversing some of yesterday's move lower
11th Mar 16, 8:11am
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ECB inspires volatility with rate cut but warns no further downward moves may be delivered; NZD/USD consolidates above 66.5c reversing some of yesterday's move lower
After all the RBNZ and ECB moves that brought a number of surprises, the result may be a steeper NZ rate curve
11th Mar 16, 8:03am
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After all the RBNZ and ECB moves that brought a number of surprises, the result may be a steeper NZ rate curve
Risks tilted to RBNZ statement not being dovish enough, NZD could head higher; EUR positioning ahead of important ECB meeting tonight
10th Mar 16, 8:29am
Risks tilted to RBNZ statement not being dovish enough, NZD could head higher; EUR positioning ahead of important ECB meeting tonight
Volatility infects markets usually safe and stready. Yields trending higher in the US, Japan and Germany, but NZ still appears the most attractive despite recent falls
10th Mar 16, 7:50am
Volatility infects markets usually safe and stready. Yields trending higher in the US, Japan and Germany, but NZ still appears the most attractive despite recent falls
Eyes on central bank moves, especially the ECB who are expected to go deeper in to negative rates. Markets may be harsh if they don't
9th Mar 16, 8:23am
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Eyes on central bank moves, especially the ECB who are expected to go deeper in to negative rates. Markets may be harsh if they don't
Commodity prices pull back; softer China trade balance dampens market sentiment back; challenge for RBNZ will be to sound sufficiently dovish to prevent a knee-jerk bounce in NZD
9th Mar 16, 8:12am
Commodity prices pull back; softer China trade balance dampens market sentiment back; challenge for RBNZ will be to sound sufficiently dovish to prevent a knee-jerk bounce in NZD
Oil futures up 3% overnight, ‘oil-linked’ CAD and NOK follow suit; Brexit could see NZD/GBP back at 0.5000; decline in China's FX reserves slows; AUD/USD up 1% from lows
8th Mar 16, 8:14am
Oil futures up 3% overnight, ‘oil-linked’ CAD and NOK follow suit; Brexit could see NZD/GBP back at 0.5000; decline in China's FX reserves slows; AUD/USD up 1% from lows
Markets comfortable with positions ahead of RBNZ's MPS. UST 10yr yields approaching 2% which should see support
8th Mar 16, 8:13am
Markets comfortable with positions ahead of RBNZ's MPS. UST 10yr yields approaching 2% which should see support
US payrolls report a 'goldilocks' print, non-farm payrolls beats expectations; both NZD and AUD stronger against USD as oil price rises again; China growth target set at 6.5% - 7%
7th Mar 16, 8:41am
US payrolls report a 'goldilocks' print, non-farm payrolls beats expectations; both NZD and AUD stronger against USD as oil price rises again; China growth target set at 6.5% - 7%
RBNZ unlikely to cut this week but may signal an easing bias. US rates rise on US payrolls report. German rates rise +7 bps
7th Mar 16, 7:49am
RBNZ unlikely to cut this week but may signal an easing bias. US rates rise on US payrolls report. German rates rise +7 bps
ECB discusses pre-emptive moves to counter downside risks; GBP will remain vulnerable to renewed ‘Brexit’ fears; cyclical low for NZD/USD seen around 60c
19th Feb 16, 8:21am
ECB discusses pre-emptive moves to counter downside risks; GBP will remain vulnerable to renewed ‘Brexit’ fears; cyclical low for NZD/USD seen around 60c
Short end yields restrained by weak Aussie employment. But uninspiring NZ yields look attractive compared to German, Swiss and Japanese equivalents
19th Feb 16, 8:10am
Short end yields restrained by weak Aussie employment. But uninspiring NZ yields look attractive compared to German, Swiss and Japanese equivalents
WTI oil price up over 6%; NZ specific commodity price movement will have more influence on NZD; cyclical trough in NZD/USD not seen yet; volatile night for GBP on rising unemployment
18th Feb 16, 8:01am
WTI oil price up over 6%; NZ specific commodity price movement will have more influence on NZD; cyclical trough in NZD/USD not seen yet; volatile night for GBP on rising unemployment
UST 10-year yields rise sharply as risk appetite improves. Equities rise. NZ credit 'difficult' but rising spreads may bring reassessment
18th Feb 16, 7:58am
UST 10-year yields rise sharply as risk appetite improves. Equities rise. NZ credit 'difficult' but rising spreads may bring reassessment
Markets jolted by RBNZ's inflation expectations survey. Overseas bond markets calm. Eyes on LGFA tender
17th Feb 16, 8:35am
Markets jolted by RBNZ's inflation expectations survey. Overseas bond markets calm. Eyes on LGFA tender