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Latest Analysis
Another ceasefire deal. Now what?
15 June, 2026
• US/Iran news. Oil fell & equities rose on the back of US/Iran news. FX more muted reflecting the uncertainty & macro challenges that remain.• Event radar. China data due today. BoJ expected to...
Oil and the dollar slide on Iran deal, risk assets rally
15 June, 2026
Oil prices have tumbled and the dollar is trading near a two-week low after Washington and Tehran announced they had reached a tentative agreement to pause the war in the Middle East and reopen the Strait...
US-Iran deal hopes lift global asset prices
12 June, 2026
Good morning. Oil prices are falling and risk assets are climbing after signals from both Washington and Tehran suggested the two sides are closing in on an agreement to pause hostilities and reopen the...
Let's make a deal (again)
11 June, 2026
• US/Iran. Latest reversal by President Trump boosted risk sentiment. US equities rose, oil & bond yields fell. USD weaker. AUD rebounds after a torrid run.• Macro pulse. Energy/supply-chain disruption...
Dollar advances as rate differentials remain positive
11 June, 2026
Good morning. The dollar is trading on a stronger footing ahead of a producer price report that could lend further support. Firmness in the components that feed into the Federal Reserve’s preferred inflation...
Geopolitical tensions weigh on the AUD
10 June, 2026
• Geopolitical jitters. US/Iran tensions dampen sentiment. Equities lower, oil firmer. Cyclical currencies like AUD & NZD weaken. AUD at ~2-month low.• Data pulse. US CPI confirmed an oil-driven acceleration...
Bank of Canada holds, maintains rate neutrality
10 June, 2026
Surprising no one, the Bank of Canada left its policy settings on hold this morning, while warning that it faces a ‘dilemma’ in responding to the risks bearing down on the economy. Higher energy...
US inflation meets expectations, softening the dollar's Iran-driven advance
10 June, 2026
Annual headline inflation hit a three-year high in the United States last month, but decelerated slightly on a monthly basis while a measure of underlying price pressures eased—averting a widely feared...
Groundhog day
09 June, 2026
• Market wobbles. Renewed tensions in the Middle East dampen sentiment. Tech stocks slip back again. AUD still on the backfoot. AUD underperforms.• Macro news. AU consumer confidence falls further below...
Cautious recovery unfolds as tech sector selloff pauses and Mideast tensions ease
09 June, 2026
Good morning. Financial markets are staging a muted recovery as the selloff in US technology stocks eases and tensions in the Middle East ratchet lower. Major indices are on course to extend yesterday’s...