Results for $NZD
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Pressure Returns to Bank Shares and seems to Help Propel Gold Higher

April 05, 2023
Overview: There are three themes today. First, the sharp decline in US rates seen yesterday (-14 bp on the two-year yield) on the back disappointing economic data seemed a bit exaggerated and the two-year yield has bounced back to almost 3.90% from around 3.81%. This appears to be helping the dollar consolidate today. Second, bank shares are comin…
Pressure Returns to Bank Shares and seems to Help Propel Gold Higher Pressure Returns to Bank Shares and seems to Help Propel Gold Higher Reviewed by Marc Chandler on April 05, 2023 Rating: 5
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Risk Appetites Join Tokyo on Vacation

September 21, 2020
Overview:  Global equity markets are off to a poor start to the week, and the dollar appears to be enjoying a safe-haven bid.  Tokyo markets are closed until Wednesday, while Asia-Pacific stocks tumbled, and the regional index is unwinding last week's gains.  The Dow Jones Stoxx 600  is off around 2.7% near midday in Europe.  It is the third d…
Risk Appetites Join Tokyo on Vacation Risk Appetites Join Tokyo on Vacation Reviewed by Marc Chandler on September 21, 2020 Rating: 5
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Three Asian Central Banks Surprise Investors

August 07, 2019
Overview: While investors keep a watchful eye on the dollar fix in China (a little firmer than projected) and tensions with the US, two other developments compete for attention.  The Reserve Bank of New Zealand and the central banks of India and Thailand surprised the market with lower rates.  The RBNZ cut by 50 bp,  India by 35 bp, and the fact t…
Three Asian Central Banks Surprise Investors Three Asian Central Banks Surprise Investors Reviewed by Marc Chandler on August 07, 2019 Rating: 5
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Global Bond Rally Continues, Greenback Remains Firm

March 27, 2019
Overview: The US 10-year yield is trading below the Fed funds target.  The two-year yield is trading below the lower end of the Fed funds target range.  A warning by New Zealand that the next rate move could be a cut sent New Zealand and Australian yields to new record lows.  In Japan, the 10-year yield slipped below the overnight unsecured call r…
Global Bond Rally Continues, Greenback Remains Firm Global Bond Rally Continues, Greenback Remains Firm Reviewed by Marc Chandler on March 27, 2019 Rating: 5
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Semblance of Stability Re-Emerging

March 26, 2019
Overview:  The sell-off in equities seemed to peak yesterday, and US indices were narrowly mixed. Traders found comfort in that performance, even though the S&P 500 finished a little below 2800, and took the markets in the Asia-Pacific region higher, except in China, where the Shanghai Composite fell 1.5%.  Chinese shares saw the most foreign …
Semblance of Stability Re-Emerging Semblance of Stability Re-Emerging Reviewed by Marc Chandler on March 26, 2019 Rating: 5
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Still Waiting for Brexit Climax

March 13, 2019
Overview:  The Brexit drama continues to command attention. A vote on leaving without an agreement will be held today, and if that fails, there will be a vote tomorrow on an extension.  Meanwhile, the first increase in headline US CPI in four months failed to impress as the year-over-year pace fell to 18-month lows.  Today's import prices are …
Still Waiting for Brexit Climax Still Waiting for Brexit Climax Reviewed by Marc Chandler on March 13, 2019 Rating: 5
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Markets Ending Week with A Whimper

February 22, 2019
Overview:  The global capital markets are winding down what appears to be an inconclusive week quietly and on a mixed note.  The MSCI Asia Pacific Index is poised to snap a four-day advance but held on to a nearly 2% gain for the week.  European bourses are mostly higher, and although the weekly advance of around 0.5% may not be that impressive, D…
Markets Ending Week with A Whimper Markets Ending Week with A Whimper Reviewed by Marc Chandler on February 22, 2019 Rating: 5
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Dollar's Gains Extended

February 07, 2019
Overview:  The five-day advance of the S&P 500 stalled yesterday and global equities are mixed today.  Most Asian centers remain closed, Japan and some small markets were lower, while Taiwan, Australia, and India moved higher.  The seven-day rally in Europe's Dow Jones Stoxx 600 is under threat today.  Australia and New Zealand bond yields…
Dollar's Gains Extended Dollar's Gains Extended Reviewed by Marc Chandler on February 07, 2019 Rating: 5
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Markets Walk Tightrope after Yesterday's US Equity Drop

January 23, 2019
Overview:  Global equities have fared better than the 1.4% slide in the S&P 500 yesterday may have implied.  Asian markets were mixed, with China, Korea, Hong Kong, Thailand advancing.  The Dow Jones Stoxx 600 from Europe is a little changed after falling for the past two sessions.  News after the US close yesterday included better IBM outlook…
Markets Walk Tightrope after Yesterday's US Equity Drop Markets Walk Tightrope after Yesterday's US Equity Drop Reviewed by Marc Chandler on January 23, 2019 Rating: 5
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