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FX Market Update – 25th October 2023FX Market Update – 25th October 2023

FX Market Update – 25th October 2023

25 October 2023

The AUD experienced a volatile month in September spending some time above USD 0.6500 before testing levels below 0.6300 in the early part of October.

FX Market Update – 25th October 2023FX Market Update – 25th October 2023

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Markets Today – Closing TimeMarkets Today – Closing Time

Markets Today – Closing Time

29 September 2023

Todays Podcast UK gilts lead global bond yields higher, Italy and France also up a lot, budget news hurts Treasuries recoil ~10bps from new (4.685%) high ahead of expected government shutdown tomorrow This plus reduced UAW pay demands, news of possible Xi-Biden meet, boosts US equity sentiment, AUD/USD recovers more than 1% of recent losses […]

Markets Today – Closing TimeMarkets Today – Closing Time

Insights, Trends & Case Studies

Markets Today – Aint No Mountain High EnoughMarkets Today – Aint No Mountain High Enough

Markets Today – Aint No Mountain High Enough

28 September 2023

It’s the same story again today – equities hurting, the US dollar higher and bond yields reaching 16 hear highs. What’s changed today is a sharp rise in oil prices. NAB’s Tapas Strickland says there’s a great deal of nervousness that supplies in the US have been destocked too far, down to levels last seen in 2014

Markets Today – Aint No Mountain High EnoughMarkets Today – Aint No Mountain High Enough
Markets Today – The Price You PayMarkets Today – The Price You Pay

Markets Today – The Price You Pay

27 September 2023

US equity and FX markets have for once pushed the bond market vigilantes out of the spotlight, albeit the weakness in stocks and strength in the USD doubtless owes something to the lagged impact of the earlier run up in Treasury yields to post 2007 highs

Markets Today – The Price You PayMarkets Today – The Price You Pay
Markets Today – You Raise Me UpMarkets Today – You Raise Me Up

Markets Today – You Raise Me Up

26 September 2023

The bond selloff continued overnight in what was a very quiet night for newsflow. The US 10yr hit a 16yr high of 4.55%, now 4.53%, and up some 11.2bps over the past 24 hours.

Markets Today – You Raise Me UpMarkets Today – You Raise Me Up
Markets Today – Go Your Own Way (the BoJ still is)Markets Today – Go Your Own Way (the BoJ still is)

Markets Today – Go Your Own Way (the BoJ still is)

25 September 2023

The path of central banks does seem to be having as many twists and turns as a Dickensian novel. NAB’s Ray Attrill says the path of bond yields at the end of the week showed how the UK is taking a divergent path from the US, where central bank speakers are still suggesting there will be more hike(s) to come.

Markets Today – Go Your Own Way (the BoJ still is)Markets Today – Go Your Own Way (the BoJ still is)
Markets Today – One More DayMarkets Today – One More Day

Markets Today – One More Day

20 September 2023

Bond markets are a little feisty ahead of the FOMC meeting tomorrow. NAB’s Taylor Nugent says a hold is still expected tomorrow but there are more signs that inflation isn’t beaten yet.

Markets Today – One More DayMarkets Today – One More Day
Markets Today  – Livin’ On a PrayerMarkets Today  – Livin’ On a Prayer

Markets Today – Livin’ On a Prayer

18 September 2023

The Fed isn’t the only central bank making a call this week. There’s also that expected hike from the Bank of England, plus the central banks of Japan, Switzerland, Sweden and Norway.

Markets Today  – Livin’ On a PrayerMarkets Today  – Livin’ On a Prayer
Markets Today – The WaitingMarkets Today – The Waiting

Markets Today – The Waiting

24 July 2023

US equities closed the week little changed with the S&P 500 in consolidation mode ahead of a new week that includes the FOMC meeting and a busy earnings calendar. UST were little changed and the USD continued its recovery.

Markets Today – The WaitingMarkets Today – The Waiting
Markets Today – Tread waterMarkets Today – Tread water

Markets Today – Tread water

10 May 2023

Markets are treading water as we await the outcome from the Biden-McCarthy debt ceiling meeting and the US CPI data release tonight. US and EU equities have ended the day lower while core yields have edged a little bit higher. Fiscal updates revealed contrasting AU and NZ fortunes while cautiousness in the air has favoured the USD.

Markets Today – Tread waterMarkets Today – Tread water
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