CIBCFX FlowsSpread for 10-year AU-NZ yields widened a little after market opened at 0.685 from 0.665, small pressure on the AUDNZD and eventually, took out the 1.04 barrier. We saw bids 1.0402-05 and...
Market Spotlight: EURUSD Into Jackson Hole
Jackson Hole In FocusAside from the US Q3 advance GDP release, today also marks the start of the Jackson Hole symposium in the US, bringing central bankers from all over the globe together for the...
Investment Bank Outlook 26-08-2021
CIBCFX FlowsAUDUSD and NZDUSD slipped after the Tokyo fix, AUDUSD began to back away from 0.7275, towards 0.72565. NZDUSD move lower, though much lesser extent, from 0.6970 to 0.6959. AUDUSD offers...
Investment Bank Outlook 25-08-2021
CIBCFX FlowsNew Zealand July trade balance turned to deficit of NZD402mio. 12-month YTD deficit widened to NZD1.1bn. Exports lower and imports up. Revisions for June were all touch lower. NZDUSD came...
Market Spotlight: EURJPY Falling Wedge Pattern
EURJPY Reversal RisksThe decline in EURJPY from YTD highs can now be viewed as being framed by a falling wedge pattern, suggesting risks of a bullish reversal on the horizon. Price action is currently...
Investment Bank Outlook 24-08-2021
CIBC FX FlowsNew Zealand second quarter retail sales beat forecast at +3.3%, estimate was gain of 2.5%. Statistics New Zealand said rises across all regions and spending on big ticket items was main...
Investment Bank Outlook 23-08-2021
CIBCThis week, attention will turn to the gathering of central bank chiefs in Jackson Hole for clues about how the US Federal Reserve plans to bring its vast QE bond-buying programme to an eventual...
Investment Bank Outlook 18-08-2021
CitiRBNZ’s surprise hold in cash rate sent NZDUSD down to lows of 0.6870, however the pair has since retraced losses to trade higher at 0.6932 after market digested the hawkish economic projections...
Investment Bank Outlook 17-08-2021
CIBCFX FlowsRBA said the board is prepared to act in response to further bad news. The August meeting minutes showed that recent outbreaks from Delta variant and extended lockdowns has interrupted the...
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