The below report consists of a market overview and insight into the equities, futures and derivatives markets, and FX speculative and deliverable markets.
* US stocks jump to 9-week highs and Kiwi surges with risk on sentiment
– everyone continues to fight this equity trend and are getting burnt
– most looking for a repeat of the 1930’s and 1987 down, up and down move
– remember TINA – “there is no alternative” when rates are zero or negative
* Today RBNZ 6-monthly Financial Stability report at 9am…. expect a currency comment
– recent surge…