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Nick Smyth

About

Member for

6 years 2 months

Latest articles

GBP strengthened after EU chief negotiator Michel Barnier said the EU was prepared to offer a special deal to the UK; AUD is the weakest currency; NZD fell in response to the move lower in the AUD
30th Aug 18, 7:33am
GBP strengthened after EU chief negotiator Michel Barnier said the EU was prepared to offer a special deal to the UK; AUD is the weakest currency; NZD fell in response to the move lower in the AUD
USD was mixed, but the NZD has moved up towards resistance around 0.6725; EUR initially moved up towards resistance near 1.1750, but it has since retraced back towards 1.1700; US Treasury yields moved higher
29th Aug 18, 7:48am
USD was mixed, but the NZD has moved up towards resistance around 0.6725; EUR initially moved up towards resistance near 1.1750, but it has since retraced back towards 1.1700; US Treasury yields moved higher
The US dollar continued where it left off on Friday, weakening across the board overnight, while US Treasury yields were modestly higher; the NZD is up only slightly from Friday’s close
28th Aug 18, 7:59am
The US dollar continued where it left off on Friday, weakening across the board overnight, while US Treasury yields were modestly higher; the NZD is up only slightly from Friday’s close
Markets take Powell's speech as 'dovish' despite asset price risk and labour market tightness comments. Fed sees more hikes to achieve 'neutral' rate position
27th Aug 18, 8:24am
Markets take Powell's speech as 'dovish' despite asset price risk and labour market tightness comments. Fed sees more hikes to achieve 'neutral' rate position
Both the DXY and broader Bloomberg DXY 0.5% lower, in part due to the Powell speech; CNY strength and USD weakness combined to help boost the NZD; AUD was the best performing currency
27th Aug 18, 8:12am
Both the DXY and broader Bloomberg DXY 0.5% lower, in part due to the Powell speech; CNY strength and USD weakness combined to help boost the NZD; AUD was the best performing currency
US and China to resume trade talks; amidst a sharp rise in the offshore Chinese Renminbi, the NZD and AUD are amongst the better performing currencies; Turkish lira continued its recent recovery
17th Aug 18, 7:54am
US and China to resume trade talks; amidst a sharp rise in the offshore Chinese Renminbi, the NZD and AUD are amongst the better performing currencies; Turkish lira continued its recent recovery
Emerging markets remaining under pressure, despite a further recovery in the Turkish lira; USD has continued to strengthen; NZD made a fresh low overnight; bond yields lower
16th Aug 18, 8:19am
Emerging markets remaining under pressure, despite a further recovery in the Turkish lira; USD has continued to strengthen; NZD made a fresh low overnight; bond yields lower
USD has continued to push higher overnight; EUR, GBP and AUD have all made new lows for the year; NZD is down slightly on the day but has outperformed most of the G10; NZ swap rates pushed higher yesterday
15th Aug 18, 7:51am
USD has continued to push higher overnight; EUR, GBP and AUD have all made new lows for the year; NZD is down slightly on the day but has outperformed most of the G10; NZ swap rates pushed higher yesterday
Turkey remains in the headlines after more volatility in the lira; developed market equities are modestly lower overnight and core bond yields are little changed; USD is stronger against emerging market currencies
14th Aug 18, 7:42am
Turkey remains in the headlines after more volatility in the lira; developed market equities are modestly lower overnight and core bond yields are little changed; USD is stronger against emerging market currencies
Macroeconomic situation in Turkey escalated into an all-out currency crisis; emerging market currencies were weaker and markets saw broad-based strength in the USD; NZD has fallen further to below 0.66; NZ rates experienced another substantial fall
13th Aug 18, 7:56am
Macroeconomic situation in Turkey escalated into an all-out currency crisis; emerging market currencies were weaker and markets saw broad-based strength in the USD; NZD has fallen further to below 0.66; NZ rates experienced another substantial fall
UST yields and US dollar fall on US Q2 GDP estimate. Fed's PCE inflation guage lower than expected. A NZD short squeeze likely. Eyes on big data and policy releases
30th Jul 18, 7:51am
UST yields and US dollar fall on US Q2 GDP estimate. Fed's PCE inflation guage lower than expected. A NZD short squeeze likely. Eyes on big data and policy releases
Trump and Juncker agree to hold off tariffs; EUR fell after Draghi confirmed that the ECB wouldn’t raise rates until after next summer; NZD has moved lower in sympathy with the EUR and remains firmly range-bound for now; UST yields stable
27th Jul 18, 8:08am
Trump and Juncker agree to hold off tariffs; EUR fell after Draghi confirmed that the ECB wouldn’t raise rates until after next summer; NZD has moved lower in sympathy with the EUR and remains firmly range-bound for now; UST yields stable
US equities moved higher overnight, helped in part by some conciliatory comments from President Trump; USD weakened across the board; NZD has pushed on to 0.6825; US 10 year Treasury yield is down 1bp
26th Jul 18, 7:48am
US equities moved higher overnight, helped in part by some conciliatory comments from President Trump; USD weakened across the board; NZD has pushed on to 0.6825; US 10 year Treasury yield is down 1bp
Markets respond to improved earnings and new China stimulus. Risk appetities rise. Copper rebounds. Eyes on US-EU summit. Bond yields stabilise
25th Jul 18, 7:58am
Markets respond to improved earnings and new China stimulus. Risk appetities rise. Copper rebounds. Eyes on US-EU summit. Bond yields stabilise
Signals the Bank of Japan is readying changes to its policy framework sets off market scramble likely to echo locally today. PBOC injects more liquidity. US yields rise, curve steepens
24th Jul 18, 8:08am
Signals the Bank of Japan is readying changes to its policy framework sets off market scramble likely to echo locally today. PBOC injects more liquidity. US yields rise, curve steepens
President Trump blamed China and the EU for manipulating their currencies and interest rates and again questioning the Fed for raising rates; USD fell sharply; NZD has moved up above 0.68; UST 10 year yield up 4bps on the day to 2.89%
23rd Jul 18, 8:07am
President Trump blamed China and the EU for manipulating their currencies and interest rates and again questioning the Fed for raising rates; USD fell sharply; NZD has moved up above 0.68; UST 10 year yield up 4bps on the day to 2.89%
US dollar index made a fresh year-to-date high overnight; CNY made a new low for the year; NZD moved lower overnight, in sympathy with the moves in the CNY; US Treasury yields are 2 to 3bps lower on the day
20th Jul 18, 8:09am
US dollar index made a fresh year-to-date high overnight; CNY made a new low for the year; NZD moved lower overnight, in sympathy with the moves in the CNY; US Treasury yields are 2 to 3bps lower on the day
US claims Mexico trade deal closer, claims EU offering better deal. Markets unimpressed. But market volatility shifts lower. Local rates shift lower
19th Jul 18, 8:14am
US claims Mexico trade deal closer, claims EU offering better deal. Markets unimpressed. But market volatility shifts lower. Local rates shift lower
USD DXY rose close to its year-to-date highs during the London morning, before retreating; GBP is again the weakest performing currency; NZD has moved up close to 0.68, supported by the improvement in risk appetite and probably some position squaring
19th Jul 18, 8:06am
USD DXY rose close to its year-to-date highs during the London morning, before retreating; GBP is again the weakest performing currency; NZD has moved up close to 0.68, supported by the improvement in risk appetite and probably some position squaring
Fed chairman's prepared Senate testimony adds the caveat 'for now' in relation to the rate hike track. With less hawkish stance, equity markets rise
18th Jul 18, 8:14am
Fed chairman's prepared Senate testimony adds the caveat 'for now' in relation to the rate hike track. With less hawkish stance, equity markets rise
Fed intends to stick to its gradual rate rise path “for now”; US equities are higher on the day and the USD stronger; NZD is the top performing currency over the past 24 hours
18th Jul 18, 8:03am
Fed intends to stick to its gradual rate rise path “for now”; US equities are higher on the day and the USD stronger; NZD is the top performing currency over the past 24 hours
Fed's Powell faces Congress as markets price in another rate rise. Trade impacts will be the focus. But US growth for Q2-18 now looks like it will be reported strong
17th Jul 18, 8:34am
Fed's Powell faces Congress as markets price in another rate rise. Trade impacts will be the focus. But US growth for Q2-18 now looks like it will be reported strong
NZD is one of the outperformers, up around 0.3% to 0.6776 USD; GBP is one of the worst performing currencies; Chinese activity data showed GDP meeting expectations in Q2
17th Jul 18, 8:04am
NZD is one of the outperformers, up around 0.3% to 0.6776 USD; GBP is one of the worst performing currencies; Chinese activity data showed GDP meeting expectations in Q2
NZD ended the week just below 0.6770, a 0.4% fall on the day while the NZDAUD fell 0.5%; US dollar had a round-trip on Friday before ending weaker against most currencies; EUR closed higher on the day at 1.1686
16th Jul 18, 8:04am
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NZD ended the week just below 0.6770, a 0.4% fall on the day while the NZDAUD fell 0.5%; US dollar had a round-trip on Friday before ending weaker against most currencies; EUR closed higher on the day at 1.1686
US earnings season results take market focus. But Powell views on trade risks to be keenly observed. Major Chinese data due. UST yields slip
16th Jul 18, 7:49am
US earnings season results take market focus. But Powell views on trade risks to be keenly observed. Major Chinese data due. UST yields slip