by Warren Head | Nov 20, 2023 | Currency, Economy, Global Share Markets, Money Market
US equities made modest gains on Friday in the absence of first-tier economic data or other market drivers, NOTES bnz mARKETS THIS MORNING The S&P ended up 0.1%, and consolidated above 4,500, having advanced close to 2% during the week. US investment grade credit...
by Warren Head | Nov 15, 2023 | Currency, Economy, Global Share Markets, Money Market
There were large moves across global markets as US CPI printed below consensus expectations, notes BNZ Markets. “The data increased the likelihood that the US Federal Reserve hiking cycle is complete and the next move in the policy rate will be a cut in 2024,”...
by Warren Head | Nov 13, 2023 | Economy, Global Share Markets, Money Market
It was a quiet session in currency markets at the weekend with the dollar index confined to a narrow range in directionless trade, according to BNBZ Markets. “The standout performer within G10 currencies was the Norwegian Krone following data that showed...
by Warren Head | Nov 10, 2023 | Currency, Economy, Global Share Markets, Money Market
10.11.23 Another day of light news sees further market consolidation, notes BNZ Markets this morning. “The NZD has outperformed, pushing up towards 0.5950 and it is higher on the crosses,” says Jason Wong, senior markets strategist. The US 10-year rate has pushed...
by Warren Head | Nov 6, 2023 | Currency, Economy, Global Share Markets, Money Market
6.11.23 There were some outsized moves in currency markets with the US dollar under pressure after the release of US payrolls data, notes BNZ Markets. The services ISM contributed to a further leg lower with the dollar index falling close to 1%. EUR/USD traded to...
by Warren Head | Nov 1, 2023 | Currency, Economy, Global Share Markets, Money Market
1.11.23 It has been a mostly uneventful end to the month, despite the heavy event calendar, says BNZ Markets this morning. “The key market move has been a weaker JPY, even in the face of a further watering down of its yield curve control policy,” comments Jason Wong,...
