Nick Smyth

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Articles by Nick Smyth

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
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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
21st Sep 20, 7:38am
S&P500, NASDAQ fall again, on little news. Not much movement in bonds and currencies. NZD outperforms slightly on positive comments from FM Robertson. RBNZ MPS on Wednesday - no major changes expected
S&P500, NASDAQ fall again, on little news. Not much movement in bonds and currencies. NZD outperforms slightly on positive comments from FM Robertson. RBNZ MPS on Wednesday - no major changes expected
21st Sep 20, 7:38am
18th Sep 20, 7:41am
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Equity markets tumble again but with little spillover into bonds and currencies. BoE flags the possibility of negative interest rates
Equity markets tumble again but with little spillover into bonds and currencies. BoE flags the possibility of negative interest rates
18th Sep 20, 7:41am
14th Sep 20, 7:35am
Tech stocks fall again, S&P500 flat on Friday. Little movement in currencies or US rates. Plenty on this week - NZ GDP, PREFU, FOMC and BoE meetings, RBA minutes, US retail sales
Tech stocks fall again, S&P500 flat on Friday. Little movement in currencies or US rates. Plenty on this week - NZ GDP, PREFU, FOMC and BoE meetings, RBA minutes, US retail sales
14th Sep 20, 7:35am
11th Sep 20, 7:44am
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Equity markets fall sharply again. Brexit concerns mount, GBP plunges. President Lagarde suggests ECB won't overreact to the exchange rate - EUR outperforms
Equity markets fall sharply again. Brexit concerns mount, GBP plunges. President Lagarde suggests ECB won't overreact to the exchange rate - EUR outperforms
11th Sep 20, 7:44am
7th Sep 20, 7:34am
US equities recover after further big falls on Friday. US rates increase sharply, curve steepens, after payrolls. Limited moves in currencies
US equities recover after further big falls on Friday. US rates increase sharply, curve steepens, after payrolls. Limited moves in currencies
7th Sep 20, 7:34am
2nd Sep 20, 8:02am
Risk appetite remains firm, with US equities heading higher again. US rates fall and curve flattens. USD recovers from a two-year low as ECB's chief economist says the EUR "does matter". NZD outperforms despite the market increasing OCR rate cut pricing
Risk appetite remains firm, with US equities heading higher again. US rates fall and curve flattens. USD recovers from a two-year low as ECB's chief economist says the EUR "does matter". NZD outperforms despite the market increasing OCR rate cut pricing
2nd Sep 20, 8:02am
31st Aug 20, 7:40am
Powell's Jackson Hole speech continues to be felt. USD falls sharply, US curve continues to steepen, US equities rise. Hawkesby says RBNZ also happy with an inflation overshoot
Powell's Jackson Hole speech continues to be felt. USD falls sharply, US curve continues to steepen, US equities rise. Hawkesby says RBNZ also happy with an inflation overshoot
31st Aug 20, 7:40am
28th Aug 20, 7:53am
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Powell outlines shift to average inflation targeting, running labour market 'hot'. Market gives an initial thumbs up: equities higher, curve steeper, inflation expectations slightly higher
Powell outlines shift to average inflation targeting, running labour market 'hot'. Market gives an initial thumbs up: equities higher, curve steeper, inflation expectations slightly higher
28th Aug 20, 7:53am
24th Aug 20, 7:38am
US equity markets nudge higher again, led by big tech. Global rates drift lower - Powell's Jackson Hole address the main event this week. RBNZ increases bond buying for this week - 10yr swap rate falls to almost 0.5%
US equity markets nudge higher again, led by big tech. Global rates drift lower - Powell's Jackson Hole address the main event this week. RBNZ increases bond buying for this week - 10yr swap rate falls to almost 0.5%
24th Aug 20, 7:38am
21st Aug 20, 7:45am
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US equities recover from post-FOMC minutes sell-off. Global rates fall again, NZ rates hit new lows. NZD falls toward 0.65, underperforms significantly
US equities recover from post-FOMC minutes sell-off. Global rates fall again, NZ rates hit new lows. NZD falls toward 0.65, underperforms significantly
21st Aug 20, 7:45am
17th Aug 20, 7:40am
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Subdued international market moves on Friday. NZD underperforms again - NZD/AUD cross falls to fresh 22-month low. PM Ardern to announce whether election delayed or not at 10am
Subdued international market moves on Friday. NZD underperforms again - NZD/AUD cross falls to fresh 22-month low. PM Ardern to announce whether election delayed or not at 10am
17th Aug 20, 7:40am
14th Aug 20, 7:49am
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S&P500 makes a new all-time high, before slipping back. Global rates head higher again but not in NZ with time lows in the NZ 10-yr swap rate as market digests the RBNZ MPS
S&P500 makes a new all-time high, before slipping back. Global rates head higher again but not in NZ with time lows in the NZ 10-yr swap rate as market digests the RBNZ MPS
14th Aug 20, 7:49am
12th Aug 20, 8:00am
NZD underperforms modestly after news of COVID-19 community transmission in Auckland. US rates move sharply higher. S&P500 continues to edge towards record highs
NZD underperforms modestly after news of COVID-19 community transmission in Auckland. US rates move sharply higher. S&P500 continues to edge towards record highs
12th Aug 20, 8:00am
10th Aug 20, 7:48am
Tech stocks fall after Trump announces planned restrictions on Tencent-owned WeChat. USD and US rates higher after stronger-than-expected nonfarm payrolls. NZD falls back below 0.66 amidst US-China tensions, USD strength
Tech stocks fall after Trump announces planned restrictions on Tencent-owned WeChat. USD and US rates higher after stronger-than-expected nonfarm payrolls. NZD falls back below 0.66 amidst US-China tensions, USD strength
10th Aug 20, 7:48am
5th Aug 20, 7:50am
Little movement in equities or currencies overnight. But global rates continue to grind lower. No US fiscal deal yet. Eyes on NZ employment data
Little movement in equities or currencies overnight. But global rates continue to grind lower. No US fiscal deal yet. Eyes on NZ employment data
5th Aug 20, 7:50am
3rd Aug 20, 7:38am
The USD rebounds on Friday, but July was still its weakest month for years. Big tech earnings support US equities. NZ long-term rates approach record lows. Still no breakthrough on US unemployment benefits - risk assets may open lower this morning
The USD rebounds on Friday, but July was still its weakest month for years. Big tech earnings support US equities. NZ long-term rates approach record lows. Still no breakthrough on US unemployment benefits - risk assets may open lower this morning
3rd Aug 20, 7:38am

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