Nick Smyth

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Articles by Nick Smyth

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
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
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 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
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 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
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
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
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 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
16th Jul 18, 8:04am
1
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
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
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
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
13th Jul 18, 8:05am
Against a backdrop of better risk sentiment, the NZD has bounced a little, but it remains near multi-year lows; US bond yields are near unchanged on the day; AUD is the strongest performer
Against a backdrop of better risk sentiment, the NZD has bounced a little, but it remains near multi-year lows; US bond yields are near unchanged on the day; AUD is the strongest performer
13th Jul 18, 8:05am
22nd Jun 18, 8:02am
1
Equity markets and global bond yields have fallen modestly overnight; GBP is stronger on the day; NZD made a new year-to-date low yesterday; NZ 10 year bond yield up 7bps
Equity markets and global bond yields have fallen modestly overnight; GBP is stronger on the day; NZD made a new year-to-date low yesterday; NZ 10 year bond yield up 7bps
22nd Jun 18, 8:02am
20th Jun 18, 7:58am
Trump announced that he was considering tariffs on $200b worth of Chinese imports; markets have recovered some ground overnight after a generalised flight to safety move; NZD down to around 0.69 USD; UST yields lower
Trump announced that he was considering tariffs on $200b worth of Chinese imports; markets have recovered some ground overnight after a generalised flight to safety move; NZD down to around 0.69 USD; UST yields lower
20th Jun 18, 7:58am
19th Jun 18, 8:06am
Oil prices move higher on more restrained output targets. US yield curve flattest since 2007. Fed official reports significant change in US corporate mood
Oil prices move higher on more restrained output targets. US yield curve flattest since 2007. Fed official reports significant change in US corporate mood
19th Jun 18, 8:06am
19th Jun 18, 8:04am
NZD is down very slightly from Friday night’s close of 0.6940 and has traded a relatively tight range overnight; concerns about Chinese growth have likely weighed on the AUD; GBP is down 0.2%
NZD is down very slightly from Friday night’s close of 0.6940 and has traded a relatively tight range overnight; concerns about Chinese growth have likely weighed on the AUD; GBP is down 0.2%
19th Jun 18, 8:04am
18th Jun 18, 8:14am
Commodities bear brunt of escalating trade restriction actions and emerging economies also buffeted, but New Zealand gets off very lightly
Commodities bear brunt of escalating trade restriction actions and emerging economies also buffeted, but New Zealand gets off very lightly
18th Jun 18, 8:14am
1st Jun 18, 8:11am
The Americans impose unilateral tariffs on steel, threaten more on cars. EU and others respond. Markets look on with disapproving concern
The Americans impose unilateral tariffs on steel, threaten more on cars. EU and others respond. Markets look on with disapproving concern
1st Jun 18, 8:11am
31st May 18, 8:15am
Yields rise as risk appetite returns. Equity markets also recover sharply. But US-China trade tensions spike again
Yields rise as risk appetite returns. Equity markets also recover sharply. But US-China trade tensions spike again
31st May 18, 8:15am
31st May 18, 8:08am
From a low of 0.6883 yesterday morning, the NZD is now nudging up against 0.7000 USD; EUR is around 1% higher against the USD at 1.1650
From a low of 0.6883 yesterday morning, the NZD is now nudging up against 0.7000 USD; EUR is around 1% higher against the USD at 1.1650
31st May 18, 8:08am
30th May 18, 7:51am
2
Italy delivers serious investor angst which has spread fast to most major markets. The brutal selloff and flight to safety brings sharply lower bond yields
Italy delivers serious investor angst which has spread fast to most major markets. The brutal selloff and flight to safety brings sharply lower bond yields
30th May 18, 7:51am
29th May 18, 7:47am
Italian yields have skyrocketed again and the EUR weakened, as the market prepares for new elections in Italy; US 10 year Treasury futures yield down 7bps; NZD is around 0.3% higher; NZ 10 year swap rate fell 2.25bps
Italian yields have skyrocketed again and the EUR weakened, as the market prepares for new elections in Italy; US 10 year Treasury futures yield down 7bps; NZD is around 0.3% higher; NZ 10 year swap rate fell 2.25bps
29th May 18, 7:47am
28th May 18, 8:19am
Saudi Arabia said it was “likely” OPEC and Russia would boost production; decline in oil prices in turn pushed down core bond yields and energy stocks; against a backdrop of broad USD strength on Friday, the NZD has outperformed
Saudi Arabia said it was “likely” OPEC and Russia would boost production; decline in oil prices in turn pushed down core bond yields and energy stocks; against a backdrop of broad USD strength on Friday, the NZD has outperformed
28th May 18, 8:19am
16th May 18, 8:16am
Renewed inflation signals push UST yields up strongly; further rises anticipated. Chances of an extra rate hike in 2018 increase
Renewed inflation signals push UST yields up strongly; further rises anticipated. Chances of an extra rate hike in 2018 increase
16th May 18, 8:16am

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