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ニュージーランド

In this FX note, we provide a rationale for why it is important to pay attention to technical indicators, while still keeping your eyeball on the structural factors that drive currencies. This report answers the following questions: 1. Should you buy or sell the USD over a three-to-six month period from the pure lens of our proven technical indicators and 2. What are the best tactical cross trades among currencies. 

The RBNZ’s dovish stance will weigh on bond yields and the currency. The Reserve Bank of New Zealand cut rates by 25 basis points to 3.25%, building on 225 basis points worth of easing since August 2024. New Zealand’s central bank is signaling one…

This Insight looks at the implications of the RBNZ’s rate cut on New Zealand assets. 

The easing bias remains, but not all central banks are equal. This Central Bank Monitor update reveals who is ready to cut more and who is still pretending not to.

特別レポート

Following the escalation of the US-China trade war, the Reserve Bank of Australia is priced to cut rates most aggressively among its G10 peers. Across the Tasman Sea, the Reserve Bank of New Zealand has already cut rates aggressively, but the economy has yet to respond to this policy easing. This Special Report will examine the prospects of monetary policy for both of these central banks. 

This report looks at the FX implications of the Trump tariffs, and the review of our Q1 trades.

今週、当社のセントラル・バンク・モニターズ(CBMs)を更新しました。これらは先進国経済における金融政策をどのように調整すべきかを見極めるのに役立ちます。結論としては、全体としてより緩和的な金融政策が求められるものの、G10諸国間のシグナルの乖離から生じるいくつかのトレード・アイデアがあります。
At its October meeting, the Reserve Bank Of New Zealand (RBNZ) cut the Official Cash Rate by 50 bps to 4.75%. The decision was not accompanied by an updated economic forecast or press conference and the latest forecast in August expected inflation to fall to…
The Reserve Bank of New Zealand unexpectedly embarked on an easing pivot in August, cutting the Official Cash Rate by 25 bps to 5.25%. The central bank also signaled further rate cuts by lowering its rate benchmark forecast to 4.92% by December 2024 and 3.85%…
特別レポート 本特別レポートでは、複数のフェアバリューモデルを用いて先進国の国債の絶対的および相対的な魅力を評価します。バリュー重視の長期投資家は米国の長期国債をオーバーウェイトし、米国を除く先進国への配分においてはスペイン、オーストラリア、場合によっては英国の国債を優先することを推奨します。