by Warren Head | May 8, 2024 | Commodities, Currency, Economy, Money Market
8.5.24 Against a backdrop of little fresh news, US Treasury yields continue to edge lower, with the 10-year rate down to a four-week low, notes BNZ Markets this morning. The USD is stronger, although movements have been small to modest across the board and the NZD is...
by Warren Head | May 7, 2024 | Commodities, Currency, Economy, Global Share Markets, Money Market
It has been a quiet start to the week in what will likely be a quiet week overall, with a very light economic and event calendar, notes BNZ Markets this morning. “With UK and Japan holidays, trading conditions are lighter than normal, says Jason Wong, senuior markets...
by Warren Head | May 3, 2024 | Commodities, Currency, Economy, Money Market
Markets have settled after the flurry following the Fed’s policy update yesterday and the moves have been in a similar direction, with US Treasury yields falling further and the USD weaker, says BNZ Markets this morning Jason Wong, senior markets strategist says, “JPY...
by Warren Head | Apr 16, 2024 | Commodities, Currency, Economy, Global Share Markets, Money Market
Markets continue to trade with a cautious tone, with Israel vowing to retaliate against Iran’s weekend attack, notes BNZ Markets this morning. US equities are down close to 1% and oil prices are barely lower, with Brent crude about US$90. US Treasury yields rose to...
by Warren Head | Apr 9, 2024 | Commodities, Currency, Economy, Money Market
9.4.24 Market movements have been well contained to kick off the week without any key catalysts to perturb pricing, says BNZ Markets this morning. Jason Wong, senior markets strategist, notes “There was a total eclipse of the sun in the US and a total eclipse of the...
by Warren Head | Apr 5, 2024 | Commodities
5.4.24 The ANZ World Commodity Price Index fell 1.3% m/m in March as dairy and forestry prices fell, comments Susan KIlsby, senior agri economist at ANZ. In New Zealand dollar terms, the index fell 0.4% m/m as the NZD lost 0.8% against the Trade Weighted Index. Global...
