(08 NOVEMBER 2017)DAILY MARKET BRIEF 2:China in focus on a slow news day

Perhaps the timing might be questionable but China trade surplus with the US dropped to $26.2 in Oct from $28.08. Interestingly US president trump will be traveling to Beijing today to meet Xi Jinping. Overall while exports dragged increasing 6.9% y/y …

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(08 NOVEMBER 2017)DAILY MARKET BRIEF 1:NZD: RBNZ to keep OCR unchanged

Since the beginning of the week, G10 currencies were range bound. The lack of major news, both on the political and monetary policy sides, has caused a collapsed of volatility levels. The CVIX (Currency Volatility Index) eased to 6.87%, the lowest leve…

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(06 NOVEMBER 2017)DAILY MARKET BRIEF 2:NZD loses ground as inflation expectations slide

NZD/USD paired losses on Monday morning as 2-year inflation expectations eased to 2.02% in the fourth quarter from 2.09% in the previous one. The Kiwi lost another 0.35% against the greenback and stabilised at around $0.6680. After falling as much as 5…

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(06 NOVEMBER 2017)DAILY MARKET BRIEF 1:Slow start with range bound USD

A quiet start to the week as investors cautiously watching President Trump every move in Asia. With tensions so high and Trump uncanny ability to trigger controversy, traders are unwilling to further build bullish positions. On Thursday, Trump announced that he intends to nominate Fed Governor Jerome Powell as the next Chair head. Optics form eh republican held senate are that confirmations hearing would take place as soon as possible. A Powell Chair, in our view would look very similar to Yellen’s. Policy continuity with a focus on “normalization” of its interest rate and balance sheet should be the dominate strategy. This should result in a move to raise short-term rates in December. Minutes from the 22nd November policy meeting should likely provide additional clarity as to the details of the debate occurring in the FOMC, specifically the reasons for weak inflation reading. Growing indication that lack of trajectory inflation is actually due to shifting structural changes would have

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