A target on your back

By Jeffrey Halley  With a dearth of heavyweight data this week until Friday’s US CPI, we are likely to experience choppy trading, driven by swings in sentiment and headlines hitting the news

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Beijing reopening dulls NFP retreat

By Jeffrey Halley Wall Street had another schizophrenic day on Friday as May US Non-Farm Payrolls outperformed, rising by 390,000 jobs, slightly less than April, but well above market forecasts of 325,000.

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What’s the good oil?

By Jeffrey Halley Oil markets are on the move Thursday morning, with oil prices dipping by 2.0% in early trading after the Financial Times reported that Saudi Arabia has indicated to western

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China Covid hopes boost Asia

By Jeffrey Halley  Asian markets are mostly positive Monday morning as Shanghai announced a raft of stimulus measures and both Shanghai and Beijing eased Covid-19 restrictions. The devil is in the detail

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FOMC minutes settle nerves

By Jeffrey Halley  The FOMC Minutes, released overnight, settled a few nerves, temporarily signalling another couple of 50bps rate hikes in June and July before a pause in September. The dreaded 75bps

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Least worst choices

By Jeffrey Halley  The Reserve Bank of New Zealand raised policy rates by 0.50% to 2.0% Wednesday morning, with Governor Orr setting a hawkish tone in the press conference afterwards. In the

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