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Nick Smyth

Nick Smyth's picture
Member for
3 years 3 months

Articles by Nick Smyth

22nd Apr 21, 7:43am
Equity markets higher overnight, rates track sideways. Bank of Canada tapers QE, expects conditions for rate hikes to be met in H2 2022. CAD up almost 1%, dragging up NZD and AUD
Equity markets higher overnight, rates track sideways. Bank of Canada tapers QE, expects conditions for rate hikes to be met in H2 2022. CAD up almost 1%, dragging up NZD and AUD
22nd Apr 21, 7:43am
21st Apr 21, 7:54am
Markets trade with a more cautious tone. Equities and bond yields fall, USD appreciates. NZD breaks above 0.72 yesterday, but back at 0.7170 now. NZ CPI today and Bank of Canada meeting tonight
Markets trade with a more cautious tone. Equities and bond yields fall, USD appreciates. NZD breaks above 0.72 yesterday, but back at 0.7170 now. NZ CPI today and Bank of Canada meeting tonight
21st Apr 21, 7:54am
20th Apr 21, 7:53am
USD remains under pressure. EUR breaks above 1.20, NZD approaches 0.72. Equities pull back, global rates drift higher 
USD remains under pressure. EUR breaks above 1.20, NZD approaches 0.72. Equities pull back, global rates drift higher 
20th Apr 21, 7:53am
19th Apr 21, 7:49am
NZD and AUD ease back on Friday after a strong week. Not much market-moving news on Friday. Equities continue to grind higher, USD lower. US rates stabilise
NZD and AUD ease back on Friday after a strong week. Not much market-moving news on Friday. Equities continue to grind higher, USD lower. US rates stabilise
19th Apr 21, 7:49am
16th Apr 21, 7:13am
Very strong economic data over the past 24 hours. Yet global rates tumble; US 10-year -10bps to 1.53%. Lower rates and strong data a goldilocks combination for equities; new highs for S&P500.
Very strong economic data over the past 24 hours. Yet global rates tumble; US 10-year -10bps to 1.53%. Lower rates and strong data a goldilocks combination for equities; new highs for S&P500.
16th Apr 21, 7:13am
12th Apr 21, 7:18am
Bond yields and USD tick up on Friday, but both still lower on the week. RBNZ Monetary Policy Report on Wednesday - not expecting any major changes from the February MPS.
Bond yields and USD tick up on Friday, but both still lower on the week. RBNZ Monetary Policy Report on Wednesday - not expecting any major changes from the February MPS.
12th Apr 21, 7:18am
9th Apr 21, 7:42am
Trends this month continue overnight: equities higher, rates and USD lower. No fresh insights from Powell speech. GBP underperforms as more countries restrict AstraZeneca vaccine for younger people.
Trends this month continue overnight: equities higher, rates and USD lower. No fresh insights from Powell speech. GBP underperforms as more countries restrict AstraZeneca vaccine for younger people.
9th Apr 21, 7:42am
6th Apr 21, 7:51am
Super strong US economic data. Equities higher but bond yields go sideways. USD weakens across the board, NZD back to 0.7060. RBA meeting today and NZ govt. announcement on Trans-Tasman bubble
Super strong US economic data. Equities higher but bond yields go sideways. USD weakens across the board, NZD back to 0.7060. RBA meeting today and NZ govt. announcement on Trans-Tasman bubble
6th Apr 21, 7:51am
1st Apr 21, 8:00am
No huge surprises from the Biden infrastructure package. US equities higher, led by tech stocks. US 10-year yield consolidates above 1.70%. USD weaker, NZD back towards 0.70
No huge surprises from the Biden infrastructure package. US equities higher, led by tech stocks. US 10-year yield consolidates above 1.70%. USD weaker, NZD back towards 0.70
1st Apr 21, 8:00am
29th Mar 21, 7:39am
Risk-on market moves on Friday - equities and rates up, USD down. US inflation expectations make new multi-year highs. NZD back at 0.70. RBNZ to reduce QE bond buying by $200m this week
Risk-on market moves on Friday - equities and rates up, USD down. US inflation expectations make new multi-year highs. NZD back at 0.70. RBNZ to reduce QE bond buying by $200m this week
29th Mar 21, 7:39am
26th Mar 21, 7:55am
US bond yields and equities track sideways overnight. EUR remains under pressure - falls to its lowest level since November, below 1.18. NZD edges down, hits a four-month low. NZ rates rebound yesterday, following two days of heavy falls
US bond yields and equities track sideways overnight. EUR remains under pressure - falls to its lowest level since November, below 1.18. NZD edges down, hits a four-month low. NZ rates rebound yesterday, following two days of heavy falls
26th Mar 21, 7:55am
22nd Mar 21, 7:55am
Market moves subdued on Friday. Fed ends temporary capital exemption for US Treasury bonds - US 10-year ends week at 1.72%. Turkey central bank Governor fired after only three months - could lead to more emerging market volatility
Market moves subdued on Friday. Fed ends temporary capital exemption for US Treasury bonds - US 10-year ends week at 1.72%. Turkey central bank Governor fired after only three months - could lead to more emerging market volatility
22nd Mar 21, 7:55am
16th Mar 21, 7:45am
Markets quiet overnight. More European countries suspend use of AstraZeneca vaccine, but little market impact. NZD nudges back towards 72 cents, despite broadly stronger USD
Markets quiet overnight. More European countries suspend use of AstraZeneca vaccine, but little market impact. NZD nudges back towards 72 cents, despite broadly stronger USD
16th Mar 21, 7:45am
15th Mar 21, 7:52am
Bond yields lurch higher again - US 10-year closes the week at 1.625%. Equities reasonably resilient, although NASDAQ underperforms. USD stronger, NZD back below 0.72. Big week ahead - FOMC meeting and NZ Q4 GDP amongst the highlights
Bond yields lurch higher again - US 10-year closes the week at 1.625%. Equities reasonably resilient, although NASDAQ underperforms. USD stronger, NZD back below 0.72. Big week ahead - FOMC meeting and NZ Q4 GDP amongst the highlights
15th Mar 21, 7:52am
12th Mar 21, 7:44am
1
Big gains in equity markets again. US 10-year consolidates around 1.5%. ECB says it will front-load bond buying, but keeps QE program size unchanged. NZD moves above 0.72 amidst broad-based USD weakness
Big gains in equity markets again. US 10-year consolidates around 1.5%. ECB says it will front-load bond buying, but keeps QE program size unchanged. NZD moves above 0.72 amidst broad-based USD weakness
12th Mar 21, 7:44am
8th Mar 21, 7:44am
US nonfarm payrolls much stronger than expected. Yields initially spike higher, before reversing. Equities rebound strongly, USD appreciates again. NZD falls towards 0.71 before rebounding with equities
US nonfarm payrolls much stronger than expected. Yields initially spike higher, before reversing. Equities rebound strongly, USD appreciates again. NZD falls towards 0.71 before rebounding with equities
8th Mar 21, 7:44am
5th Mar 21, 7:55am
Bond market sell-off resumes, with US 10-year breaking back above 1.5%. Market seemingly disappointed Powell didn't push back more firmly on yield rise. Equities lower, USD higher. 10-year swap rate back to 2% as NZ tracks Aussie rates higher
Bond market sell-off resumes, with US 10-year breaking back above 1.5%. Market seemingly disappointed Powell didn't push back more firmly on yield rise. Equities lower, USD higher. 10-year swap rate back to 2% as NZ tracks Aussie rates higher
5th Mar 21, 7:55am
1st Mar 21, 7:54am
Volatility in bonds continues - global rates sharply lower. Risk-off moves on Friday - equities mostly lower, commodities fall, USD strengthens. NZD and AUD fall 2%. Auckland back in Level 3 lockdown for a week, which may temper OCR rate hike expectations
Volatility in bonds continues - global rates sharply lower. Risk-off moves on Friday - equities mostly lower, commodities fall, USD strengthens. NZD and AUD fall 2%. Auckland back in Level 3 lockdown for a week, which may temper OCR rate hike expectations
1st Mar 21, 7:54am
26th Feb 21, 8:01am
6
Huge moves (up) in bond yields again overnight putting pressure on equities, especially tech stocks. NZD hits new post-2018 high yesterday, above 0.7450, before slipping back. NZ 10-year swap hits 2% as market moves to price >50% chance of an OCR hike
Huge moves (up) in bond yields again overnight putting pressure on equities, especially tech stocks. NZD hits new post-2018 high yesterday, above 0.7450, before slipping back. NZ 10-year swap hits 2% as market moves to price >50% chance of an OCR hike
26th Feb 21, 8:01am
22nd Feb 21, 7:43am
Bond yields higher again, as reflationary sentiment dominates. S&P500 down slightly, but big gains for cyclical and small cap stocks. USD lower despite higher US real yields. NZD up to 0.73, AUD makes a fresh three-year high
Bond yields higher again, as reflationary sentiment dominates. S&P500 down slightly, but big gains for cyclical and small cap stocks. USD lower despite higher US real yields. NZD up to 0.73, AUD makes a fresh three-year high
22nd Feb 21, 7:43am
9th Feb 21, 7:51am
Market brushes off weak payrolls report, looks ahead to US fiscal stimulus. S&P500 hits new all-time high, US 30-year yield reaches 2% before reversing. US inflation expectations make post-2014 high as debate over Biden stimulus intensifies
Market brushes off weak payrolls report, looks ahead to US fiscal stimulus. S&P500 hits new all-time high, US 30-year yield reaches 2% before reversing. US inflation expectations make post-2014 high as debate over Biden stimulus intensifies
9th Feb 21, 7:51am
5th Feb 21, 10:51am
3
Risk sentiment buoyant. The USD starts to rise again. EUR under pressure. NZD gives back the gains it made from the good employment data. Eyes on US non farm payrolls
Risk sentiment buoyant. The USD starts to rise again. EUR under pressure. NZD gives back the gains it made from the good employment data. Eyes on US non farm payrolls
5th Feb 21, 10:51am
2nd Feb 21, 7:50am
4
Equity markets bounce back strongly to start the week. USD stronger across the board; NZD drifts lower overnight. Global rates unmoved by equity market swings
Equity markets bounce back strongly to start the week. USD stronger across the board; NZD drifts lower overnight. Global rates unmoved by equity market swings
2nd Feb 21, 7:50am
20th Jan 21, 7:49am
Equities higher, USD lower overnight. No major surprises from Yellen testimony. Dairy prices rise overnight, but NZD/AUD cross slides to a fresh three-month low
Equities higher, USD lower overnight. No major surprises from Yellen testimony. Dairy prices rise overnight, but NZD/AUD cross slides to a fresh three-month low
20th Jan 21, 7:49am
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

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