US equity markets suffered a rather deep setback yesterday, although by this morning, futures markets had cut the losses approximately in half as sentiment improved in the Asian session for the first time this week. In New Zealand, the single coronavirus outbreak that triggered a nationwide shutdown was confirmed to...

This Macro Dragon Strike piece was sent yest, yet still very pivotal given RBNZ expected rate hike decision to 0.50% from 0.25%, which would make them the first G10 central bank to hike. For a lot of currency traders its been a tough year, and being long kiwi crosses looked...

Earnings from Home Depot, Walmart, and Sea in US pre-market shows strong performance with Home Depot experiencing the a bit more headwinds as the US economy reopens.The earnings season is alive this and in US pre-market session we have got earnings from Home Depot, Walmart, and Sea. While these earnings...

Price may bullish above pivot at 11899 in line with 61.8% Fibonacci retracement and 50% Fibonacci extension towards take profit at 11972 in line with 50% Fibonacci extension . On the other hand, price may bearish towards stop loss at 11880 in line with 78.6% Fibonacci retracement and 61.8% Fibonacci...

Price is approaching our pivot level at 1.17681 which is in line with 38.2% Fibonacci retracement level, horizontal overlap support & moving average support. Price can potentially bounce to resistance at 1.18267, which is in line with 61.8% Fibonacci retracement level and 78.6% Fibonacci extension level. Alternatively, price may drop...

While the USD coils around near the top of the range, we have seen a significant acceleration in the JPY rally on the recent drop in global bond yields, while the New Zealand dollar has suffered a sudden retreat after its recent rally on a single Covid case triggering a...

Today we look across asset classes as the Nasdaq 100 stubbornly refuses to post new all-time highs, Asia frets the ongoing Covid impact - in New Zealand on the first new "community" case in six months that is triggering a nation-wide shutdown the day before an expected first rate hike...

A cryptocurrency protocol was hacked causing the hacker to run away with $610mn, but the assets were later returned. The US Senate passed on the infrastructure bill without changing the regulation on cryptocurrencies. Lastly, Coinbase published the best quarterly result in the company's history.Returning $610mn worth of crypto-assets stolen in...

US equities recovered yesterday from a relatively minor stumble, with the broader S&P 500 managing to claw back to a new all-time high by the close before the Asian session brought a bit of retrenchment. In New Zealand, the first community case of Covid-19 in six months spooked crowded NZD...

In our latest Macro Dragon Reflections we check back-in on "The Lone Bull" of the China Tech scene, in the name of Weibo which is still +24% YTD vs the likes of Alibaba, Tencent, Baidu, JD.COM that are down anything from -20% to -23% YTD. Weibo earnings will be out...