Jun 25, 2015 20:48 pm UTC| Commentary
Westpac Research notes:NZD/USD 1 day: This minor correction targets 0.6940 today. The trade report constitutes minor event risk.NZD/USD 1-3 month: Our immediate target is 0.6795, being the major low formed in July 2010....
Jun 25, 2015 20:47 pm UTC| Commentary
Westpac Research notes:AUD/USD 1 day: Still stuck in a 0.7700-0.7800 range.AUD/USD 1-3 month: Eventual resumption of the strong US dollar trend should weigh on the AUD during the next few months. The next major downside...
Jun 25, 2015 20:47 pm UTC| Commentary
Westpac Research notes:AU swap yields 1 day: The 2yr should open around 2.17% while the 10yr should open around 3.39%.AU swap yields 1-3 month: The 2yr is eking a sideways range of 2.05%-2.30%, while the 10yr should...
Jun 25, 2015 20:46 pm UTC| Commentary
Westpac Research notes:NZ swap yields 1 day: Given the modest movements in interest rates in key markets overnight, the NZ 2yr should open unchanged at 3.10% while the 10yr should open up 1bp at 3.97%.NZ swap yields 1-3...
Q2 BoJ Tankan likely to indicate an improving outlook
Jun 25, 2015 20:44 pm UTC| Commentary
The data out of Japan should show improvement, with positive growth prints for both industrial production and retail sales.At the same time, the Q2 BoJ Tankan survey is likely to indicate growing optimism on the part of...
China official manufacturing PMI to show signs of stabilisation
Jun 25, 2015 20:41 pm UTC| Commentary
Over the coming weeks we should get more tangible signs of a global growth pick-up as China begins to show signs of stabilisation and the US economy accelerates.Recent measures by Chinas authorities, such as scrapping the...
BoC likely reluctant to cut further
Jun 25, 2015 18:46 pm UTC| Commentary
The recent recovery in oil prices, Januarys rate cut and a weaker exchange rate have given the BoC some breathing room to evaluate the longer-term effects of the 2014 oil price decline."We think the BoC will remain on the...