Jun 23, 2015 21:39 pm UTC| Commentary
US data were mixed overnight, with a slightly disappointing durable goods report, and a solid beat on housing sales. On durables, aircraft orders were a major drag on the headline (-1.8%m/m vs. est. -1.0%), but more...
Eurozone PMIs came in better than expected
Jun 23, 2015 21:16 pm UTC| Commentary
Eurozone PMIs came in better than expected. The headline composite index crept higher to 54.1 (from 53.6) with firm readings in both manufacturing (52.5 from 52.2) and services (54.4 from 53.8) components.The national...
Jun 23, 2015 20:26 pm UTC| Commentary
Westpac Research notes:Australian 3yr government bond (futures) yields followed the US, rising slightly from 2.10% to 2.13%, while the 10yr rose from 3.08% to...
Jun 23, 2015 20:24 pm UTC| Commentary
Westpac Research notes:US 10yr treasury yields rose from 2.36% to 2.43% (two-week high) and then consolidated. After the strong home sales data, the Atlanta Fed upgraded its prediction for Q2 GDP from 1.9% to...
Jun 23, 2015 20:21 pm UTC| Commentary
Westpac Research notes:AUD/NZD 1 day: Rising to 1.1305 (Oct 2014 high) which should provide some resistance.AUD/NZD 1-3 month: The RBA will probably remain on hold (albeit with easing risk), while the RBNZ is currently in...
Jun 23, 2015 20:20 pm UTC| Commentary
Westpac Research notes:NZD/USD 1 day: Moving towards the July 2010 low of 0.6795.NZD/USD 1-3 month: Our immediate target is 0.6795, being the major low formed in July 2010. Below that theres 0.6560 which was a major low in...
Jun 23, 2015 20:19 pm UTC| Commentary
Westpac Research notes:AUD/USD 1 day: Early signs of momentum sagging, arguing for a retest of the 0.7700 area.AUD/USD 1-3 month: Eventual resumption of the strong US dollar trend should weigh on the AUD during the next...