Market In Review 02/2023

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Bonds smashed, USD smashed, Oil smashed whilst stocks, gold, crypto spring higher. This all on the back of the first major news event for the year, the USA Non-Farm Payrolls

Market In Review 43/2022

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After a week of choppy directionless trading the market took a lead from a WSJ article hinting that the Fed is close to finishing their rate rises. 75 basis points is locked in for the meeting next week, but after the article suggests the Fed will slow down. This is what the market has been waiting for and risk off took off.

Market In Review 37/2022

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The Central Banks raise rates with the Aussies dragging its heels stubbornly. Both the BOC and ECB raised by 75% with hawkish commentary signalling higher rates to come, whilst the RBA raised by 50% with Lowe hinting that the next move will be smaller and slower, putting him out of line with the majors.

Market In Review 24/2022

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The USA CPI print was higher than expected and the 14th consecutive rise. The print came in at 1% putting the annual figure up to 8.6%.

Market In Review 17/2022

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“There was movement at the station, for the word had got around” that the Central bankers from USA and Eurozone were hawkish on interest rates last week. Rates surged in Germany and the USA to multi year highs.

Market In Review 08/2022

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The USA is on holidays today so it should be a quiet start to the week. Data wise, there is a bunch of PMI’s out this week from Europe and USA. Personally I do not put a lot of weighting on PMIs as they are only a survey of expectations, not hard data of what has actually been manufactured or serviced. Also, there is the Kiwi Central Bank meeting, with the RBNZ expected to raise again to 1%.