The below report consists of a market overview and insight into the equities, futures and derivatives markets, and FX speculative and deliverable markets.
* Volatility remains extreme and shows no sign of backing off, with good reason……
– whilst Governments provide fiscal packages, not sure it’s enough to turn the current tide
– hard to see New Zealand’s stepping up to the plate in a meaningful way….BUT their chance to shine!!
* Clearly RBNZ’s Orr stuck on a slow log boat to China, given yesterday’s comments
– “current monetary policy is already stimulatory”, “time is on…