• All
  • Articles
  • Squawks
  • Trade views
  • Must reads
  • Videos
  • Calendar
Write a Squawk
No posts
  • Squawk / 1 hour ago
    United States
    Still long NZDUSD since the Nonfarm Payrolls release. With fewer jobs added and noticeably lower than expected wage growth, I think that the USD will continue to depreciate. Also, risk assets should be supported as the probability of a hike in the US this year is now lower.

    For these reasons, I like buying the commodity currencies over the short-term. I am most comfortable buying NZD because further easing from Wheeler (Governor of the RBNZ) is a near certainty, and has been fully priced in. What the RBA will do next is less certain (although a rate cut is of course expected at some point). I also like buying CAD, but am less comfortable with this trade as I have no outlook regarding oil at the moment.

    Lastly, milk prices have made a sizable comeback recently. Even if milk products don't continue to rise, I see them as well supported at these levels. As New Zealand's most important export, this could be great news for the NZD.
    Read the Squawk
  • Editor’s Picks / 2 hours ago

    Trans-Pacific Partnership nears agreement

    ABC Online
    Pacific nation ministers and negotiators are scrambling to lock in a major Pacific trade deal, as talks come to a head in the US city of Atlanta. James Glenday and Anna Vidot write that negotiations over the 12-country Trans-Pacific Partnership, which would cover 40% of the global economy, are continuing into another night after five days of marathon talks. Australia's refusal to concede ground to the US on so-called "biologics" has held up talks for days.
    Read article on ABC Online
    Go to post
  • Article / 2 hours ago

    Morning Report APAC: Weak jobs number pushes rate rise to March 2016

    APAC Sales Trading Desk / Saxo Capital Markets
    Morning Report APAC: Weak jobs number pushes rate rise to March 2016
    The US nonfarm payrolls number came in much lower than expected: 142,000 compared with expectations of 201,000. The market is now pricing only a 51% chance of a hike in March 2016 with fewer than two hikes by the end of 2016. The USD dropped around 0.5% across the board on the back of the weak numbers with the NZD being the main beneficiary.
    Read the article
  • Editor’s Picks / Yesterday at 23:45 GMT

    Emerging market turmoil a warning for global economy

    Emerging economies risk "leading the world economy into a slump", with lower growth and a rout in financial markets, according to the latest Brookings Institution-Financial Times tracking index. Chris Giles writes that released ahead of the annual meetings of the International Monetary Fund and World Bank in Lima, Peru, the index paints a much more pessimistic outlook than the fund is likely to predict later this week. According to Eswar Prasad of Brookings, weak economic data across most poorer economies has created "a dangerous combination of divergent growth patterns, deficient demand, and deflationary risks".
    Read article on CNBC
    Go to post
  • Article / Yesterday at 22:43 GMT

    Did the nonfarm payrolls go rogue?

    Managing Director / Technical Research Limited
    New Zealand
    Did the nonfarm payrolls go rogue?
    Revisions mean that last Friday’s nonfarm payrolls number won’t be the final word on US jobs data. There was good, bad and ugly in the data. And bond market yields are testing multi-month lows.
    Read the article