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Nick Smyth
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Non-farm payrolls showed the largest monthly gain in employment since mid-2016; the 10 year Treasury yield increased 3bps to 2.89%; commodity currencies were supported by bouyant risk appetite; NZD underperformed the rest of the commodity bloc
12th Mar 18, 8:19am
Non-farm payrolls showed the largest monthly gain in employment since mid-2016; the 10 year Treasury yield increased 3bps to 2.89%; commodity currencies were supported by bouyant risk appetite; NZD underperformed the rest of the commodity bloc
US equities have fallen again overnight; US Treasury yields declined slightly; USD is mixed overnight; NZD one of the stronger performing currencies; NZ swaps curve saw a notable flattening yesterday
2nd Mar 18, 8:18am
US equities have fallen again overnight; US Treasury yields declined slightly; USD is mixed overnight; NZD one of the stronger performing currencies; NZ swaps curve saw a notable flattening yesterday
Investors on the lookout for upside surprises in US inflation, payrolls. But equities hold as growth holds. Signs of heavy short positioning among speculative investors
1st Mar 18, 8:10am
Investors on the lookout for upside surprises in US inflation, payrolls. But equities hold as growth holds. Signs of heavy short positioning among speculative investors
NZD at 0.7215 USD is at three week lows; USD is a little stronger overnight; GBP was the worst performing currency as tensions mount between the EU and UK over Brexit; JPY was the best performing currency
1st Mar 18, 8:00am
NZD at 0.7215 USD is at three week lows; USD is a little stronger overnight; GBP was the worst performing currency as tensions mount between the EU and UK over Brexit; JPY was the best performing currency
Powell answers move UST yields higher while equity prices shift lower on Wall Street. Focus now shifts to US non-farm payrolls
28th Feb 18, 8:11am
Powell answers move UST yields higher while equity prices shift lower on Wall Street. Focus now shifts to US non-farm payrolls
Bloomberg USD index is 0.5% higher and at near two-week highs; German CPI surprised on the downside; NZDUSD is down 0.8% the past 24 hours
28th Feb 18, 7:57am
Bloomberg USD index is 0.5% higher and at near two-week highs; German CPI surprised on the downside; NZDUSD is down 0.8% the past 24 hours
The former Fed supremos to take their conversation public. Local swap rates follow offshore markets lower. Equities up but bond yields down
27th Feb 18, 10:36am
The former Fed supremos to take their conversation public. Local swap rates follow offshore markets lower. Equities up but bond yields down
NZD moved from around 0.7280 at lunchtime yesterday to a high of 0.7345 overnight, but it has since returned to 0.7300 USD; US dollar is broadly unchanged against most of the major currencies
27th Feb 18, 7:54am
NZD moved from around 0.7280 at lunchtime yesterday to a high of 0.7345 overnight, but it has since returned to 0.7300 USD; US dollar is broadly unchanged against most of the major currencies
CAD was the best performing currency on Friday; GBP was the second best performing currency; NZD was one of the worst performing currencies; USD was a bit stronger against most currencies
26th Feb 18, 8:17am
CAD was the best performing currency on Friday; GBP was the second best performing currency; NZD was one of the worst performing currencies; USD was a bit stronger against most currencies
US yields fall and flatten even as equities rise strongly. US Fed sees full employment and wage gains but no special concern over inflation. The pace of normalisation gets trader attention
26th Feb 18, 8:11am
US yields fall and flatten even as equities rise strongly. US Fed sees full employment and wage gains but no special concern over inflation. The pace of normalisation gets trader attention
US yields moved higher after the minutes but these moves have subsequently reversed; the market continues to price just less than 3 hikes for this year; NZ swap yields moved a little higher yesterday, but again by less than the US
23rd Feb 18, 7:56am
US yields moved higher after the minutes but these moves have subsequently reversed; the market continues to price just less than 3 hikes for this year; NZ swap yields moved a little higher yesterday, but again by less than the US
USD strengthened across the board after the Fed minutes but it has given up most of those gains overnight; ECB will probably announce an end to QE in September; NZDUSD similar to where it was this time yesterday, NZDAUD has fallen a little overnight
23rd Feb 18, 7:50am
USD strengthened across the board after the Fed minutes but it has given up most of those gains overnight; ECB will probably announce an end to QE in September; NZDUSD similar to where it was this time yesterday, NZDAUD has fallen a little overnight
Interest rate markets calm ahead of US Fed guidance on tightening track. Local swaps fell modestly. Another NZGB bond tender today
22nd Feb 18, 8:00am
Interest rate markets calm ahead of US Fed guidance on tightening track. Local swaps fell modestly. Another NZGB bond tender today
USD is again stronger against most of the major currencies overnight; NZD traded in a tight range to be slightly lower; GBP had a relatively volatile night compared to most currencies; AUD is the worst performer
22nd Feb 18, 7:54am
USD is again stronger against most of the major currencies overnight; NZD traded in a tight range to be slightly lower; GBP had a relatively volatile night compared to most currencies; AUD is the worst performer
NZD is around half a cent lower than this time yesterday with most of that move happening in the immediate aftermath of the RBNZ MPS; AUD also weakened around 0.5% overnight; the USD DXY index is at 2 week highs but remains down for the year
9th Feb 18, 8:02am
NZD is around half a cent lower than this time yesterday with most of that move happening in the immediate aftermath of the RBNZ MPS; AUD also weakened around 0.5% overnight; the USD DXY index is at 2 week highs but remains down for the year
Stock markets slide again and bond yields rise again. Bank of England surprises markets. Fed officials brush off concerns, says sell-off "small potatoes"
9th Feb 18, 8:01am
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Stock markets slide again and bond yields rise again. Bank of England surprises markets. Fed officials brush off concerns, says sell-off "small potatoes"
Volativility calms, equity losses pared as earnings still beating expectations. Markets see 85% chance of March Fed hike. Eyes turn to RBNZ
8th Feb 18, 7:58am
Volativility calms, equity losses pared as earnings still beating expectations. Markets see 85% chance of March Fed hike. Eyes turn to RBNZ
The USD DXY index is up 0.6% on the day and is now up around 2% from the multi-year lows reached in late January; NZD is back down to around 0.7260; EUR has fallen to a 2 week low against the USD
8th Feb 18, 7:58am
The USD DXY index is up 0.6% on the day and is now up around 2% from the multi-year lows reached in late January; NZD is back down to around 0.7260; EUR has fallen to a 2 week low against the USD
US stocks down sharply, erasing gains for 2018; bond yields moved sharply lower in response to the sharp declines in stock markets; NZD is close to 0.7300 USD, similar to where it closed last week
7th Feb 18, 7:56am
US stocks down sharply, erasing gains for 2018; bond yields moved sharply lower in response to the sharp declines in stock markets; NZD is close to 0.7300 USD, similar to where it closed last week
USD back in favour on 'position reduction' by US investors. NZD drops by more than 1%. The AUD fell more. The GBP also slumped on data and political turmoil
5th Feb 18, 7:59am
USD back in favour on 'position reduction' by US investors. NZD drops by more than 1%. The AUD fell more. The GBP also slumped on data and political turmoil
Faster, unexpected US wage growth spooks markets with bond yields jumping, stock prices falling. Local rates steepen and may do so further today ahead of NZ jobs report and RBNZ review
5th Feb 18, 7:50am
Faster, unexpected US wage growth spooks markets with bond yields jumping, stock prices falling. Local rates steepen and may do so further today ahead of NZ jobs report and RBNZ review
NZD fell more than a cent against the USD immediately after the CPI release but has recovered some of that on USD weakness; NZDAUD has consolidated just above 0.91; EUR rose above 1.25 USD, a new 3 year high
26th Jan 18, 7:54am
NZD fell more than a cent against the USD immediately after the CPI release but has recovered some of that on USD weakness; NZDAUD has consolidated just above 0.91; EUR rose above 1.25 USD, a new 3 year high
USD was weaker across the board overnight; NZD is above 0.7400 USD at the time of writing; NZDAUD is largely unchanged; US 10 year Treasury yields have risen back to 2.65%
25th Jan 18, 7:40am
USD was weaker across the board overnight; NZD is above 0.7400 USD at the time of writing; NZDAUD is largely unchanged; US 10 year Treasury yields have risen back to 2.65%
NZD continued to rise and is now around 0.7350 USD; JPY was the top performing currency, rising half a percent against the USD; 10 year Treasury yield is 2.63%, having reached a 3-year high of 2.66% earlier this week
24th Jan 18, 7:52am
NZD continued to rise and is now around 0.7350 USD; JPY was the top performing currency, rising half a percent against the USD; 10 year Treasury yield is 2.63%, having reached a 3-year high of 2.66% earlier this week
The backdrop of improving global growth, rising risk appetite and strengthening commodities have all supported the NZD; US Senate leaders announced that they had agreed a deal to end the US government shutdown; GBP was the strongest currency overnight
23rd Jan 18, 8:16am
The backdrop of improving global growth, rising risk appetite and strengthening commodities have all supported the NZD; US Senate leaders announced that they had agreed a deal to end the US government shutdown; GBP was the strongest currency overnight