John Kyriakopoulos
John Kyriakopoulos
bank current cutting earlier plays rates reserve risks track zealand
It plays to the risks of the Reserve Bank of New Zealand cutting rates earlier than its current track suggests.
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The Australian dollar is being hurt by the rise in global bond yields, driven by expectations all three major central banks will be raising interest rates this year. This is hurting commodities.
average bridge cents close far moving nine past provided sell
Around 75 cents is the sell zone, which is close to the 100-day moving average which provided a bridge too far over the past nine months.
advantage continue fed percent therefore yield
The Fed is still going to 5 percent and therefore Australia's yield advantage will continue to narrow.
dollar euro fed half okay tough year
It will be a tough first half of the year for the U.S. dollar with the Fed peaking with rates. The euro will do okay in the first half on expectations the ECB will tighten rates.
currency flows meet moves small
As such, currency moves are being exaggerated as small lumpy flows meet low liquidity.
dollar economic growth investors prove remains remind reports serve
U.S. economic reports serve to remind investors that U.S. economic growth remains solid, and as long as this continues, writing the U.S. dollar off could prove a costly strategy.
bonds dollar life report shift supported
A report that Nippon Life may shift away from U.S. dollar bonds has also supported yen buying.
appeared australian carry concerns earlier interest japanese rates reverse rising supported
Perceptions that Japanese interest rates would not be rising much appeared to reverse earlier concerns about an end to carry trades, which supported the Australian dollar.
added bond carry further japanese perception rose today trades yields
It's more of the same, with the perception that carry trades are being unwound, and that Japanese bond yields rose further today probably added to that trend.
australian bank bias dollar fed mild pushing reserve shift support
The Reserve Bank may shift to a very mild tightening bias which won't be enough to support the Australian dollar while the Fed is pushing up rates.
appetite bond bounce conclude economy foreign investors japanese proves purchases rising scenario stronger subdued yields
There is typically a bounce in such purchases and if this proves subdued this year, many investors will conclude that a stronger Japanese economy and rising bond yields has moderated Japanese investor appetite for foreign assets. This scenario would see the yen a lot firmer.
australian benign consumer disappear economy far hike likelihood news price rate report weigh
The news on the Australian economy has been far from upbeat. A benign consumer price index report will make the likelihood of another RBA rate hike disappear completely and this will potentially weigh on the Australian dollar.
dollar further last percent recovering sharp slide
We're back to 5 percent expectations and the dollar is recovering from its sharp slide of last week. The dollar has a little further to go.