Collinson Weekly Market Commentary and Calendar

Weekly Market Commentary

Exciting week ahead for the markets RNBZ Interest rate decision, BOC and ECB meetings. US CPI to hit fresh multi decade high of 8.4%. Market news wasn't busy on Friday. The global market selloff continued, with the US 10 year rate reaching a new high over the past 3 years of 2.73%. We saw the NZD fall below .6850 and the AUD just above .7450.

For the day to come we have New Zealand Card spending data which will show us how Q1 has been. We also have China inflation data and UK activity data. 

For the week ahead the RBNZ MPR on Wednesday will be a big focus on our market domestically. 

The USD hit its highest level in nearly 2 years, The U.S. Dollar Index was over 100 before falling back to flat. Oil continues to climb we have seen Brent crude oil up 2.2% now at $102.78 a barrel. The Biden administration has declared 'all-out government war' on American oil prices. 

Weekly Market Calendar

11/4 NZDElectronic Card Retail Sales
BoJ's Governor Kuroda speech
CNYConsumer Price Index
Consumer Price Index 
Producer Price Index
12/4 NZIER Business Confidence (QoQ)(Q1)
Visitor Arrivals (YoY)(Feb)
National Australia Bank's Business Conditions(Mar)
NIESR GDP Estimate (3M)(Mar)
Fed's Bowman speech
ECB Bank Lending Survey
 
13/4 Consumer Price Index ex Food & Energy (MoM)(Mar)
Fed's Brainard speech
Monthly Budget Statement(Mar)
RBNZ Interest Rate Decision
RBNZ Rate Statement

 14/4 Producer Price Index ex Food & Energy (YoY)(Mar)
Employment Change s.a.(Mar)
Unemployment Rate s.a.(Mar)
ECB Deposit Rate Decision

15/4 Good Friday
Retail Sales (MoM)(Mar)

PLEASE NOTE THE VIEWS EXPRESSED IN THIS COMMENTARY ARE THOSE OF THE AUTHOR AND NOT COLLINSON & CO 

Paul Bettany

Collinson Forex

Collinson & Co

Mobile 0406-744-923

paul@collinsonfx.com