Push-pull forces
• Mixed markets. US equities end a bit higher overnight, while bond yields eased & the USD rose. AUD & NZD gave back ground over the past 24hrs.• Macro news. US/China reportedly set to hold trade talks. US Fed ‘cautious’. No change in rates. There is a lot of uncertainty about the outlook.• Market trends. After a strong run AUD & NZD may ease back further near-term. This reflects the potential for the USD to tick up a little more. Global Trends A couple of push-pull forces have washed through markets over the past few days. On the one hand,...