China's sour tones weighed on sentiment earlier, but the bleeding has halted now that local markets are closed. As the focus now shifts to European trading and attention returns to the Fed tomorrow, this may be helping to see the…
Continue ReadingIt was a slow-paced session, with broader markets remaining stable. In the last two days, equities have risen slightly, but Treasury yields have also risen. 10-year rates have risen somewhat but remain just below 1.30 % for the time being.…
Continue ReadingThe market took a break following the rapid and hefty changes seen yesterday, where risk trades were dumped, and it was a quiet session in terms of news. Things were calmer today, as European shares traversed some of yesterday's losses,…
Continue ReadingEarlier in the day, the RBNZ took a more hawkish stance, signaling the end of QE and laying the groundwork for rate hikes at the RBNZ's policy meeting next month. The kiwi soared as a result, with the NZD/USD pair…
Continue ReadingThe dollar is stronger, but most currencies are close together ahead of Powell's speech. The NZD is the strongest currency in the North American session, while the GBP is the weakest. With the exception of the New Zealand dollar, the…
Continue Reading
