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Latest Analysis
Dollar powers higher as conflict stretches on
13 March, 2026
The Federal Reserve’s preferred inflation measure landed in line with expectations in January, but left markets mostly unmoved, given that it predated the Iran conflict and was stale on arrival....
Oil prices still dictating terms
12 March, 2026
• Oil jolt. Another jump in oil prices weighed on sentiment. Equities lower, USD firmer. NZD weaker. AUD underperforms after its strong run.• Twists & turns. Markets pricing a supply risk premium in...
Stale data shows US inflation pressures easing to a five-year low
11 March, 2026
Inflation slowed in the United States last month—before the war in Iran sent oil prices spiralling higher and triggered a sharp reappraisal of the Federal Reserve’s expected policy path. According to data...
Oil volatility & AUD outperforms
10 March, 2026
• Oil swings. Pull-back in oil prices has supported risk sentiment. Will it last? Situation in Middle East remains fluid. More volatility likely over period ahead.• RBA Hawks. AUD/USD at top of its range....
Markets poised to unwind war premium as Trump signals Iran endgame
09 March, 2026
Crude oil benchmarks are under intense selling pressure and currency markets are reversing direction after US president Donald Trump told CBS News “I think the war is very complete, pretty much”.
Trump...
Soaring crude prices wreak havoc in financial markets
09 March, 2026
Foreign exchange markets are in upheaval after Iran war fears drove global crude prices nearly 30 percent higher over the weekend—but conditions could stabilise in coming hours if G7 countries tap their...
Oil price worries intensify
08 March, 2026
• Macro worries. Growth/inflation concerns due to the jump in oil were compounded by a weak US jobs report. AUD remains on the backfoot.• Oil risks. Production cuts across Middle East creating supply risks....
Non-farm payrolls disappoint, combining with higher oil to unleash stagflation fears
06 March, 2026
The US job creation engine decelerated sharply last month, partially reversing market bets on a more hawkish policy stance from the Federal Reserve this year. According to data just released by the Bureau...
Market swings continue
05 March, 2026
• Oil jump. Another move higher in oil prices because of Middle East concerns dampened risk sentiment. Equities fell. USD firmer. AUD underperforms.• Macro worries. Higher energy prices pose an upside...
Fog of war settles on currency markets, leaving trading directionless
05 March, 2026
Good morning. Currency markets are still struggling to navigate conflicting signals from the Middle East. Iran’s deputy foreign minister reportedly told Sky News Arabia that Tehran might be willing...