Nick Smyth

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Articles by Nick Smyth

18th Jan 21, 7:55am
Equities, rates, commodities higher this year, albeit with some reversal on Friday. Reflationary expectations take hold after Democrats win control of the Senate. USD modestly stronger this year. NZD lags behind other commodity currencies
Equities, rates, commodities higher this year, albeit with some reversal on Friday. Reflationary expectations take hold after Democrats win control of the Senate. USD modestly stronger this year. NZD lags behind other commodity currencies
18th Jan 21, 7:55am
21st Dec 20, 7:57am
Subdued market moves on Friday but lots of news from the weekend. $900 bln US fiscal stimulus deal agreed overnight. London goes into full lockdown to contain new Covid-19 variant. Brexit talks still dealing with fishing rights
Subdued market moves on Friday but lots of news from the weekend. $900 bln US fiscal stimulus deal agreed overnight. London goes into full lockdown to contain new Covid-19 variant. Brexit talks still dealing with fishing rights
21st Dec 20, 7:57am
15th Dec 20, 7:47am
S&P500, bond yields give back gains over the past few hours as London gets ready for a tighter lockdown, New York told to prepare for possible lockdown. GBP, EUR higher on more positive Brexit vibes. Little reaction to a Trans-Tasman 'bubble'
S&P500, bond yields give back gains over the past few hours as London gets ready for a tighter lockdown, New York told to prepare for possible lockdown. GBP, EUR higher on more positive Brexit vibes. Little reaction to a Trans-Tasman 'bubble'
15th Dec 20, 7:47am
14th Dec 20, 7:48am
UK and EU agree to keep Brexit talks going amidst reports of compromise. Subdued moves in other asset markets on Friday. RBNZ pushes back on suggestion house prices be included in monetary policy remit
UK and EU agree to keep Brexit talks going amidst reports of compromise. Subdued moves in other asset markets on Friday. RBNZ pushes back on suggestion house prices be included in monetary policy remit
14th Dec 20, 7:48am
8th Dec 20, 7:46am
Brexit concerns reemerge with time running out and no sign of a breakthrough yet. S&P500 and Treasury yields fall modestly. NZD higher to start the week, with the AUD hitting a new post-2018 high
Brexit concerns reemerge with time running out and no sign of a breakthrough yet. S&P500 and Treasury yields fall modestly. NZD higher to start the week, with the AUD hitting a new post-2018 high
8th Dec 20, 7:46am
7th Dec 20, 7:31am
Nonfarm payrolls data disappoints but markets look past that to another US fiscal stimulus. US 10yr close to 1%, commodities higher. Brexit talks down to wire amidst tentative signs of compromise
Nonfarm payrolls data disappoints but markets look past that to another US fiscal stimulus. US 10yr close to 1%, commodities higher. Brexit talks down to wire amidst tentative signs of compromise
7th Dec 20, 7:31am
2nd Dec 20, 7:56am
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Equities, bond yields, inflation expectations all higher overnight on vaccine hopes, renewed fiscal stimulus talk, strong data. USD falls to a fresh 2½ year low, EUR breaks above 1.20. NZD up to 0.7060, with NZD/AUD cross pushing towards 0.96
Equities, bond yields, inflation expectations all higher overnight on vaccine hopes, renewed fiscal stimulus talk, strong data. USD falls to a fresh 2½ year low, EUR breaks above 1.20. NZD up to 0.7060, with NZD/AUD cross pushing towards 0.96
2nd Dec 20, 7:56am
30th Nov 20, 7:38am
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Quiet markets on Friday, after Thanksgiving. Equities nudge higher, bond yields lower. USD drifts lower to set a fresh multi-year low. NZD consolidates above 0.70
Quiet markets on Friday, after Thanksgiving. Equities nudge higher, bond yields lower. USD drifts lower to set a fresh multi-year low. NZD consolidates above 0.70
30th Nov 20, 7:38am
25th Nov 20, 7:44am
NZD touches 0.70 overnight amidst broad-based USD weakness. But NZD/AUD back below 0.95, unwinding initial reaction to announcement. Risk-on tone to offshore markets - equities, commodities, rates all higher as Trump consents to transition process
NZD touches 0.70 overnight amidst broad-based USD weakness. But NZD/AUD back below 0.95, unwinding initial reaction to announcement. Risk-on tone to offshore markets - equities, commodities, rates all higher as Trump consents to transition process
25th Nov 20, 7:44am
17th Nov 20, 7:38am
Moderna announces its Covid-19 vaccine is 94.5% effective. Equities and bond yields spike higher, before paring gains. Rotation continues in US equity market - small caps outperforming tech. USD broadly weaker, NZD moves back towards 0.69
Moderna announces its Covid-19 vaccine is 94.5% effective. Equities and bond yields spike higher, before paring gains. Rotation continues in US equity market - small caps outperforming tech. USD broadly weaker, NZD moves back towards 0.69
17th Nov 20, 7:38am
16th Nov 20, 7:40am
Equities increase further on vaccine optimism, global rates tick higher. NZD flat on Friday, but up more than 1% last week. Brexit in focus this week as talks reach crunch time
Equities increase further on vaccine optimism, global rates tick higher. NZD flat on Friday, but up more than 1% last week. Brexit in focus this week as talks reach crunch time
16th Nov 20, 7:40am
11th Nov 20, 7:46am
1
Rotation continues in equity markets - tech stocks underperform, small-cap stocks increase further. Global rates push higher again. Big moves higher in NZ rates yesterday as market pares back OCR rate cut pricing
Rotation continues in equity markets - tech stocks underperform, small-cap stocks increase further. Global rates push higher again. Big moves higher in NZ rates yesterday as market pares back OCR rate cut pricing
11th Nov 20, 7:46am
9th Nov 20, 7:41am
USD remains under pressure, with BBDXY hitting fresh 2½-year low. NZD touches 0.68 for the first time since April 2019. US Treasury yields higher after stronger payrolls report; NZ rates higher on Friday as well. RBNZ MPS in focus this week
USD remains under pressure, with BBDXY hitting fresh 2½-year low. NZD touches 0.68 for the first time since April 2019. US Treasury yields higher after stronger payrolls report; NZ rates higher on Friday as well. RBNZ MPS in focus this week
9th Nov 20, 7:41am
2nd Nov 20, 7:32am
Equity markets suffer a tech-led fall on Friday night. Global rates higher and steeper as conviction in a "blue wave" grows. UK announces nationwide lockdown from Thursday. US election to take centre stage this week
Equity markets suffer a tech-led fall on Friday night. Global rates higher and steeper as conviction in a "blue wave" grows. UK announces nationwide lockdown from Thursday. US election to take centre stage this week
2nd Nov 20, 7:32am
30th Oct 20, 7:48am
US equities recover strongly after yesterday's big sell-off. US Treasury yields move sharply higher. ECB signals more easing to come in December, leading to falls in EUR and European rates
US equities recover strongly after yesterday's big sell-off. US Treasury yields move sharply higher. ECB signals more easing to come in December, leading to falls in EUR and European rates
30th Oct 20, 7:48am
27th Oct 20, 7:47am
Big falls in equity markets (S&P500 -2.5%) on COVID-19 concerns, deadlocked fiscal stimulus talks. US 10-year yield falls back below 0.8%. Currency moves modest in comparison - NZD slightly lower to start the week
Big falls in equity markets (S&P500 -2.5%) on COVID-19 concerns, deadlocked fiscal stimulus talks. US 10-year yield falls back below 0.8%. Currency moves modest in comparison - NZD slightly lower to start the week
27th Oct 20, 7:47am
20th Oct 20, 7:42am
Equity markets lower, bond yields little changed overnight. USD weakens, CNY reaches a multi-year high. NZD/AUD makes a 2½ month high as markets price-in RBA QE
Equity markets lower, bond yields little changed overnight. USD weakens, CNY reaches a multi-year high. NZD/AUD makes a 2½ month high as markets price-in RBA QE
20th Oct 20, 7:42am
19th Oct 20, 7:19am
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Little change in US equities, rates or currencies on Friday. Market brushes off Boris Johnson's call for the UK to prepare for no-deal Brexit. Labour wins majority in NZ election - little sustained market reaction anticipated. RBNZ tapers bond buying for
Little change in US equities, rates or currencies on Friday. Market brushes off Boris Johnson's call for the UK to prepare for no-deal Brexit. Labour wins majority in NZ election - little sustained market reaction anticipated. RBNZ tapers bond buying for
19th Oct 20, 7:19am
12th Oct 20, 7:41am
1
Equities rise again, capping off strong week, as market warms up to Biden win. USD falls to a near 2½-year low. NZD rebounds strongly on Friday. PBOC changes rules on FX forwards, making it less expensive to short CNY
Equities rise again, capping off strong week, as market warms up to Biden win. USD falls to a near 2½-year low. NZD rebounds strongly on Friday. PBOC changes rules on FX forwards, making it less expensive to short CNY
12th Oct 20, 7:41am
9th Oct 20, 7:48am
Equity markets push higher again. Global rates fall modestly. NZD/AUD hits 4-week low on dovish RBNZ comments
Equity markets push higher again. Global rates fall modestly. NZD/AUD hits 4-week low on dovish RBNZ comments
9th Oct 20, 7:48am
8th Oct 20, 7:50am
Equity markets, bond yields bounce back overnight. USD weakens in a risk-on move. NZD surprisingly weak over the past 24 hours, NZD/AUD cross falls to a 3-week low. Little reaction so far to the Fed minutes
Equity markets, bond yields bounce back overnight. USD weakens in a risk-on move. NZD surprisingly weak over the past 24 hours, NZD/AUD cross falls to a 3-week low. Little reaction so far to the Fed minutes
8th Oct 20, 7:50am
7th Oct 20, 8:02am
US equity markets, bond yields consolidate after their big gains on Monday. RBA signals likely easing in November - AUD and Aussie bond yields fall. NZD drifts lower within a still-tight trading range
US equity markets, bond yields consolidate after their big gains on Monday. RBA signals likely easing in November - AUD and Aussie bond yields fall. NZD drifts lower within a still-tight trading range
7th Oct 20, 8:02am
6th Oct 20, 7:48am
Equities and bond yields rebound strongly on signs Trump's condition is improving, fiscal stimulus hopes. USD weakens on rising fiscal stimulus chances. NZD little moved despite improved risk appetite
Equities and bond yields rebound strongly on signs Trump's condition is improving, fiscal stimulus hopes. USD weakens on rising fiscal stimulus chances. NZD little moved despite improved risk appetite
6th Oct 20, 7:48am
5th Oct 20, 7:41am
Trump's positive COVID-19 test result initially rattles equity markets before S&P500 pares losses on fiscal stimulus hopes. Nonfarm payrolls a bit weaker but completely overlooked by markets. NZ govt to review COVID-19 alert level for Auckland today
Trump's positive COVID-19 test result initially rattles equity markets before S&P500 pares losses on fiscal stimulus hopes. Nonfarm payrolls a bit weaker but completely overlooked by markets. NZ govt to review COVID-19 alert level for Auckland today
5th Oct 20, 7:41am
23rd Sep 20, 8:00am
Equities bounce back overnight. USD strengthens to a 6-week high. RBA's Debelle says more easing possible, AUD underperforms. RBNZ Monetary Policy Review today - should be uneventful
Equities bounce back overnight. USD strengthens to a 6-week high. RBA's Debelle says more easing possible, AUD underperforms. RBNZ Monetary Policy Review today - should be uneventful
23rd Sep 20, 8:00am

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