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Markets have been dominated by the Middle East war and the ensuing energy crises, since March of this year. Markets have been extremely volatile, with ceasefires allowing confidence to return, along with market sentiment, to ebb and flow.
Read more →The ceasefire in the Strait of Hormuz has been short lived with dozens of Iranian targets hit with mostly drone attacks for the first time in the war. The US has announced a total blockade on Iran with a 20% toll on goods passing through the Strait in exchange for safe passage.
Read more →The energy crisis may well be over, for now, but another crises remains just around the next corner. Equities and Bonds celebrated the end to the conflict, as US share markets reach record highs, while bond yields drift lower.
Read more →The ceasefire in the Strait of Hormuz is holding “just” but the big question remains- who controls the Strait. The next round of talks will be held around 9th July. The strongest main board currency this week has been the New Zealand Dollar (NZD) while the weakest currency has been the Japanese Yen.
Read more →Markets are pricing in a 65% chance of a Reserve Bank of New Zealand (RBNZ) cash rate hike to 2.50% at the July 8 meeting. The US Dollar (USD) was the best performing currency last week on the main board while the Japanese Yen (JPY) is the worst performer, the 6th week running.
Read more →The resurgent USD remains the dominating force in currencies this week with a sharp repricing of Federal Reserve expectations after last weeks Fed meeting. The US Dollar (USD) has been the best performing currency this week on the main board while the Japanese Yen (JPY) is the worst performer.
Read more →United States and Iran have made significant progress in peace talks with further discussions to be held this week. Markets haven’t completely turned “risk on” with negotiation risk weighing on market sentiment.
Read more →The US and Iran have remotely signed (electronically) a Memorandum of Understanding to end the war in Iran and open the Strait of Hormuz. This comes ahead of schedule which means the agreement is now in effect. The AUD has been the strongest performer over the week on the main board.
Read more →Markets turned risk positive Monday on the news an interim peace agreement between the US and Iran had been made. Both parties have signed a Memorandum of Understanding (MOU) which should allow the immediate reopening of the Strait of Hormuz and the lifting of the US blockade on Iran.
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