Nick Smyth

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Articles by Nick Smyth

17th Oct 19, 7:52am
Optimism for a Brexit deal continues to build (although no news yet) - GBP hits 5 month high. Little movement in global rates and equities overnight. NZD underperforms after RBNZ's. Bascand says “reasonable prospect” of a lower OCR
Optimism for a Brexit deal continues to build (although no news yet) - GBP hits 5 month high. Little movement in global rates and equities overnight. NZD underperforms after RBNZ's. Bascand says “reasonable prospect” of a lower OCR
17th Oct 19, 7:52am
15th Oct 19, 7:53am
Market sentiment a bit more cautious to start the week. Trading activity light with some international holidays. Partial reversal of last week's move up with bond yields, NZD, AUD all lower
Market sentiment a bit more cautious to start the week. Trading activity light with some international holidays. Partial reversal of last week's move up with bond yields, NZD, AUD all lower
15th Oct 19, 7:53am
14th Oct 19, 7:55am
US-China agree ‘mini’ trade deal – China buys farm goods, US suspends October tariffs. Brexit optimism continues as EU and UK “intensify” negotiations over weekend – GBP +1.8%. Equities and bond yields head higher, USD weaker
US-China agree ‘mini’ trade deal – China buys farm goods, US suspends October tariffs. Brexit optimism continues as EU and UK “intensify” negotiations over weekend – GBP +1.8%. Equities and bond yields head higher, USD weaker
14th Oct 19, 7:55am
4th Oct 19, 7:57am
Very weak ISM non-manufacturing survey triggers large decline in US rates, fall in USD. Equities plunge, then recover sharply on Fed rate cut expectations. NZD and AUD outperform as risk appetite turns positive
Very weak ISM non-manufacturing survey triggers large decline in US rates, fall in USD. Equities plunge, then recover sharply on Fed rate cut expectations. NZD and AUD outperform as risk appetite turns positive
4th Oct 19, 7:57am
3rd Oct 19, 8:02am
Risk-off market moves: equities and bond yields fall sharply again. NZD outperforms, likely on short-covering. NZ rates make new all-time lows as market starts pricing a chance of -50 bp RBNZ November cut
Risk-off market moves: equities and bond yields fall sharply again. NZD outperforms, likely on short-covering. NZ rates make new all-time lows as market starts pricing a chance of -50 bp RBNZ November cut
3rd Oct 19, 8:02am
2nd Oct 19, 7:56am
5
US rates, equities, USD fall sharply after a very weak ISM manufacturing survey. AUD weakens after RBA cuts again. NZ OCR rate cut expectations rise after another dire NZ business confidence survey
US rates, equities, USD fall sharply after a very weak ISM manufacturing survey. AUD weakens after RBA cuts again. NZ OCR rate cut expectations rise after another dire NZ business confidence survey
2nd Oct 19, 7:56am
1st Oct 19, 7:56am
Equity markets end September on positive note, brushing off reports of US restrictions on Chinese investments. USD strengthens again. NZD falls to fresh four year low after another miserable ANZ business survey
Equity markets end September on positive note, brushing off reports of US restrictions on Chinese investments. USD strengthens again. NZD falls to fresh four year low after another miserable ANZ business survey
1st Oct 19, 7:56am
30th Sep 19, 8:11am
1
Equities fall after reports that US had discussed restrictions on US investments in Chinese companies. Yuan falls, but only minor impact on NZD and AUD. Big week ahead: RBA meeting, Chinese PMIs, ISMs, payrolls, QSBO
Equities fall after reports that US had discussed restrictions on US investments in Chinese companies. Yuan falls, but only minor impact on NZD and AUD. Big week ahead: RBA meeting, Chinese PMIs, ISMs, payrolls, QSBO
30th Sep 19, 8:11am
13th Sep 19, 7:54am
1
The ECB cuts rates, resumes QE. The EUR and German bond yields initially fell then moved higher. Market sentiment boosted by positive trade talk news giving both equity markets and the CNY a boost. NZD lower. The global bond sell-off extends
The ECB cuts rates, resumes QE. The EUR and German bond yields initially fell then moved higher. Market sentiment boosted by positive trade talk news giving both equity markets and the CNY a boost. NZD lower. The global bond sell-off extends
13th Sep 19, 7:54am
12th Sep 19, 8:00am
The USD strengthens as markets await an ECB decision with new easing measures expected. Equity markets up in anticipation. Global bond yields stable. NZD stable
The USD strengthens as markets await an ECB decision with new easing measures expected. Equity markets up in anticipation. Global bond yields stable. NZD stable
12th Sep 19, 8:00am
11th Sep 19, 8:16am
NZD unchanged as global bond yields rise again on ECB news. Reports that China had offered to buy more US agricultural goods ahead of the October trade talks also supported rates
NZD unchanged as global bond yields rise again on ECB news. Reports that China had offered to buy more US agricultural goods ahead of the October trade talks also supported rates
11th Sep 19, 8:16am
9th Sep 19, 7:53am
Markets cautiously optimistic despite the US payrolls weaker than expected. Global equities and US Treasury yields consolidated. The NZD up. NZ rates up sharply across the curve
Markets cautiously optimistic despite the US payrolls weaker than expected. Global equities and US Treasury yields consolidated. The NZD up. NZ rates up sharply across the curve
9th Sep 19, 7:53am
30th Aug 19, 8:04am
Markets read positive signals from what China is implying rather than saying. Sentiment improves. Safe haven currencies underperform, as does the NZD on weak local data
Markets read positive signals from what China is implying rather than saying. Sentiment improves. Safe haven currencies underperform, as does the NZD on weak local data
30th Aug 19, 8:04am
29th Aug 19, 7:49am
9
Global rates have continued to grind lower on growing risk fears. British politics grabs headlines. NZD sinks lower. Eyes on local business confidence survey
Global rates have continued to grind lower on growing risk fears. British politics grabs headlines. NZD sinks lower. Eyes on local business confidence survey
29th Aug 19, 7:49am
28th Aug 19, 8:01am
1
China ignores US trade talks claim. US Treasury yield curve inversions deepen. Progress in Italian political talks. Brexit optimism. NZD falls in risk-off mood. RBA sees lower rates
China ignores US trade talks claim. US Treasury yield curve inversions deepen. Progress in Italian political talks. Brexit optimism. NZD falls in risk-off mood. RBA sees lower rates
28th Aug 19, 8:01am
27th Aug 19, 8:28am
4
Equity markets take Trump deescalation at face-value. Safe haven currencies give back some recent gains. Commodity currencies outperform. RBA confirms rate cut was part of currency defense
Equity markets take Trump deescalation at face-value. Safe haven currencies give back some recent gains. Commodity currencies outperform. RBA confirms rate cut was part of currency defense
27th Aug 19, 8:28am
26th Aug 19, 7:42am
Furious trade war actions overshadow Powell at Jackson Hole although he takes friendly fire too. Markets tumble. NZD holds up reasonably well on the sidelines. Orr 'waiting & watching' for now
Furious trade war actions overshadow Powell at Jackson Hole although he takes friendly fire too. Markets tumble. NZD holds up reasonably well on the sidelines. Orr 'waiting & watching' for now
26th Aug 19, 7:42am
19th Aug 19, 7:47am
Equities, long-end bond yields rise after reports Germany considering relaxing fiscal rules. NZD weighed down by a weak PMI. Powell’s Jackson Hole address the highlight this week
Equities, long-end bond yields rise after reports Germany considering relaxing fiscal rules. NZD weighed down by a weak PMI. Powell’s Jackson Hole address the highlight this week
19th Aug 19, 7:47am
16th Aug 19, 7:56am
Local currencies fare relatively well as the bond yield dives gather pace. ECB policy makers primed for more QE. Equities whipsawed. Brexit gets even messier. Markets see further RBNZ cuts
Local currencies fare relatively well as the bond yield dives gather pace. ECB policy makers primed for more QE. Equities whipsawed. Brexit gets even messier. Markets see further RBNZ cuts
16th Aug 19, 7:56am
15th Aug 19, 7:54am
Chinese data very weak; German GDP contracts; Government bond yields have another massive move lower; AUD and NZD follow China lower
Chinese data very weak; German GDP contracts; Government bond yields have another massive move lower; AUD and NZD follow China lower
15th Aug 19, 7:54am

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