Daily outlook for NZ rates

Jun 28, 2015 21:11 pm UTC| Commentary

Westpac Research notes:NZ swap yields 1 day: Given the Greek events during the weekend, NZ swap rates should open lower and the curve should flatten.NZ swap yields 1-3 month: Short maturity NZ interest rates should fall...

Mixed data will provide little stimulus for AUD

Jun 28, 2015 21:05 pm UTC| Commentary

Barclays notes: Data this week is likely to be mixed. We expect a further correction in May building approvals on Wednesday (Barclays -1% m/m. cf. 1.4% m/m) given approvals look to us to have run ahead of other partial...

JPY: Tankan and wages should confirm ongoing recovery

Jun 28, 2015 21:00 pm UTC| Commentary

The yen depreciation in May was driven by global and technical factors, and not by Japanese fundamentals. Japans Q1 real GDP growth surprised to the upside, current account is recording continuous surplus, and wages are...

UK data to weigh on GBP

Jun 28, 2015 20:48 pm UTC| Commentary

After rallying about 4% in the first three weeks of June, helped by public communication by the more hawkish members of the BoE MPC, GBPUSD fell about 1% last week and UK data should drive further depreciation this...

EUR: Increasingly vulnerable to Greek political uncertainty

Jun 28, 2015 20:39 pm UTC| Commentary

The EUR will become increasingly vulnerable to developments from the Greek political uncertainty in the coming week following the surprise decision by the Greek government to unilaterally end the negotiation process with...

USD: The obvious potential outperformer of the week ahead

Jun 28, 2015 20:31 pm UTC| Commentary

Barclays notes:Even if the Fed seems to be hesitant about committing to start normalizing monetary policy in the near future, we think recent data supports our view that the likelihood of a September rate hike is higher...

Benefits of low oil finally making an economic impact

Jun 27, 2015 12:28 pm UTC| Commentary

The sudden drop in low oil prices whacked energy sector earnings and resulted in a pullback in many of the marginal shale oil projects. While the bad news had an immediate economic impact, the benefits of low oil have...