NZ CPI: more noise than signal? – ANZ

Analysts at ANZ expect headline CPI rose 0.4% q/q in Q1, which would see annual inflation slow from 1.6% to 1.0% y/y – a touch below the RBNZ’s expectation of 1.1%. Key Quotes: "The fall in annual headline inflation is more noise than signal. Nonetheless, evidence of a broadenin ...

Investors were feeling more comfortable with risk – BBH

Analysts at Brown Brothers Harriman explained that even though the conflict in Syria can rapidly escalate, investors were feeling more comfortable with risk over the last few days. Key Quotes: "The US trade rhetoric was toned down several decibels, and this helped.  US President Trump sa ...

US ambassador Nikkei Haley: new sanctions on Russia to come Monday

US Ambassador to the United Nations Nikki Haley on Sunday said that further sanctions are due for Russia from the US. Key highlights According to the US' Nikki Haley, Treasury Secretary Steven Mnuchin will be unveiling further sanctions against Russia from the United States, specificall ...

The week ahead: plenty of key data to chew on – Nomura

Analysts at Nomura offered their outlook for the week ahead with respect to the data calendar. Key Quotes: "United States | Data preview Retail sales will likely rebound in March while increased utility output boosts industrial production following a return to colder weather. Retail sale ...

Britain’s Theresa May to face critical parliament – Reuters

The United Kingdom's Prime Minister, Theresa May, is expected to face severe criticism after bypassing the parliament to engage in missile strikes over the weekend against Syria. Key quotes: May, who has regained confidence after winning support for her tough stance on Syria and Russia, wil ...

New Zealand Food Price Index (MoM) increased to 1% in March from previous -0.5%

AUD/JPY unperturbed by Syria strikes, continuing to push towards 84.00

The Aussie is catching some bids and the Yen is remaining notably risk-off following a tense weekend of missile strikes and political rhetoric. Markets have shrugged off Syria actions after a week of buildup. The AUD/JPY is lifting in the new week, trading into 83.60 following a tense week o ...

NZD/USD: starts out with a bearish bias on charts, nevermind Syria

  NZD/USD: a bear engulfing candle formed, where next? NZD/USD shrugs off ME tensions, risk-on supporting early. NZD/USD is starting out the week in a narrow range of a handful of pips so far, despite an offer in gold and risk on stock prices with the S&P bid up with an openin ...

The dollar is performing better against the yen – BBH

Analysts at Brown Brothers Harriman explained that 110 is on the radar, with 108 a "sticky" point.  Key Quotes: "It bottomed (~JPY104.55) on March 26, with a key reversal, which created bullish divergences in some of the technical indicators." "It appears that th ...

MArket wrap: equity markets shed early gains, narrow FX – Westpac

Analysts at Westpac explained that the US equity markets shed early gains to close modestly lower.  Key Quotes: "This had little impact on US treasury yields but seemed to take the heat out of AUD/USD, which had risen steadily from under 0.7760 in the Sydney morning to a high of 0.7810 i ...

CNY: devaluation from the PBOC? – Telegraph

In a piece written in the The Daily Telegraph, titled, "China's next riposte in US trade spat could be 'hidden weapon' of currency devaluation", the paper notes that analysts believe that Beijing is "mulling a devaluation of the Chinese yuan" as ...

Tensions escalate: Trump hits back at Syria – ANZ

Geopolitical tensions escalated over the weekend after president Trump (in conjunction with the UK and France) followed through with his threat to hit back at Syria for its use of chemical weapons. Key Quotes: "While it might be the end of this particular response, Trump has indicated that th ...

China New Loans came in at 1120B, below expectations (1200B) in March

12