Raiko Shareef

Eurozone QE program extended, disappoints market who expected more; carry trade play behind recent NZD and AUD strength against USD

Eurozone QE program extended, disappoints market who expected more; carry trade play behind recent NZD and AUD strength against USD

Underlying details in strong Australian GDP reading encouraging; USD pegs back recent losses on ADP report and Yellen's speech; NZD/USD above 67 will be a tough ask

Underlying details in strong Australian GDP reading encouraging; USD pegs back recent losses on ADP report and Yellen's speech; NZD/USD above 67 will be a tough ask

NZD/USD punches through 66c as US manufacturing report disappoints; fundamental factors supporting NZD & AUD; modest gain for dairy prices

NZD/USD punches through 66c as US manufacturing report disappoints; fundamental factors supporting NZD & AUD; modest gain for dairy prices

Chinese Yuan to be included in SDR reserve currency basket; easier monetary policy and low volatility environment helping NZD & AUD climb

Chinese Yuan to be included in SDR reserve currency basket; easier monetary policy and low volatility environment helping NZD & AUD climb

US jobs, ECB, Yellen and China may all combine to bring volitile currency trading. Local data today will start a week of major releases

US jobs, ECB, Yellen and China may all combine to bring volitile currency trading. Local data today will start a week of major releases

Profit taking on USD positions has NZD/USD testing 66c level; something for both doves and hawks in latest Fed minutes

Profit taking on USD positions has NZD/USD testing 66c level; something for both doves and hawks in latest Fed minutes

Now markets accept rate rise, Fed now setting future track expectations. Eyes on Yuan rate facing break, which could weigh on the NZD

Now markets accept rate rise, Fed now setting future track expectations. Eyes on Yuan rate facing break, which could weigh on the NZD

NZD reaction to drop in dairy prices surprisingly muted. Eyes on Fed minutes; investors may use them to take USD profits

NZD reaction to drop in dairy prices surprisingly muted. Eyes on Fed minutes; investors may use them to take USD profits

NZD/USD breaks through key support level on USD buying; Japan back in recession for second time since 2012; EUR remains under heavy pressure

NZD/USD breaks through key support level on USD buying; Japan back in recession for second time since 2012; EUR remains under heavy pressure

Little early currency market reaction to France attack. IMF to add yuan to SDR basket. NZD expected to fall after the next dairy auction

Little early currency market reaction to France attack. IMF to add yuan to SDR basket. NZD expected to fall after the next dairy auction

Sharply lower oil prices as US stocks swell, but that does not move currencies much. China data has little impact

Sharply lower oil prices as US stocks swell, but that does not move currencies much. China data has little impact

NZD oscillating between 50-day and 100-day moving averages but could break out on FSR report; Portugal's government falls, bonds sell off; Euro hits fresh 6-month lows

NZD oscillating between 50-day and 100-day moving averages but could break out on FSR report; Portugal's government falls, bonds sell off; Euro hits fresh 6-month lows

Worries about Fed hikes has stocks on back foot. Eyes now on Asia. ECB pondering larger rate cut in December. NZD in no-mans land

Worries about Fed hikes has stocks on back foot. Eyes now on Asia. ECB pondering larger rate cut in December. NZD in no-mans land

October’s US non-farm payrolls punched the lights out; USD gains 1.0%+ against major currencies; soft China trade data may set early trading tone

October’s US non-farm payrolls punched the lights out; USD gains 1.0%+ against major currencies; soft China trade data may set early trading tone

If FOMC language fails to soften, risk assets would likely be adversely affected; NZD/USD just keeps head above water; NZD/AUD should be at 0.89 on fair value modelling

If FOMC language fails to soften, risk assets would likely be adversely affected; NZD/USD just keeps head above water; NZD/AUD should be at 0.89 on fair value modelling

Policy gamesmanship intensifies as China and the Eurozone position for impact of potential Fed rise. Japan may also ease as may RBNZ

Policy gamesmanship intensifies as China and the Eurozone position for impact of potential Fed rise. Japan may also ease as may RBNZ

Changed tone at the ECB as more stimulus signaled before end of year. Markets see gains for commodity currencies, NZD rises

Changed tone at the ECB as more stimulus signaled before end of year. Markets see gains for commodity currencies, NZD rises

Shanghai drops on profit-taking. Eyes on building US debt ceiling stress and uncertain political tensions

Shanghai drops on profit-taking. Eyes on building US debt ceiling stress and uncertain political tensions

NZ rates push higher across the curve and steepen. US rates fall as oil prices sag. Eyes on Draghi and the ECB

NZ rates push higher across the curve and steepen. US rates fall as oil prices sag. Eyes on Draghi and the ECB

NZD drops on dairy auction, and on updeat RBA tone. Dairy price drop surprises offshore investors

NZD drops on dairy auction, and on updeat RBA tone. Dairy price drop surprises offshore investors

RBA strikes an upbeat tone. US housing starts also beat expectations, especially for apartments. Dairy price drop may weigh on today's rates

RBA strikes an upbeat tone. US housing starts also beat expectations, especially for apartments. Dairy price drop may weigh on today's rates

Soft China data and higher Saudi oil output rein in China risk appetite. Markets ignore very strong US NAHB housing market index

Soft China data and higher Saudi oil output rein in China risk appetite. Markets ignore very strong US NAHB housing market index

Although Wheeler reluctant to cut and pressures fade, another cut by year end seen by BNZ as "extremely probable"

Although Wheeler reluctant to cut and pressures fade, another cut by year end seen by BNZ as "extremely probable"

US data improves showing robust growth in consumer spending. RBA housing warnings hurt AUD, a threat to the NZD

US data improves showing robust growth in consumer spending. RBA housing warnings hurt AUD, a threat to the NZD

Weaker US ISM numbers stops positive NZD momentum; BNZ continues to forecast NZD outperformance in near-term; soft US unemployment data could evoke negative reaction

Weaker US ISM numbers stops positive NZD momentum; BNZ continues to forecast NZD outperformance in near-term; soft US unemployment data could evoke negative reaction