Eamonn Sheridan

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Commodities
brent iran trump attack 19 February 2026
Commodities

CBS: US military ready for possible Iran strike as soon as Saturday, Trump undecided

  • A credible near-term strike risk typically raises crude and volatility premia and can support safe-haven demand (USD, USTs) while pressuring risk FX. Any confirmation/denial from the White House, Pentagon, Tehran, or Israel is likely to drive sharp intraday swings.
News
usdyen chart update
News

Japan machinery orders surge 19.1% in December, smashing forecasts

  • The upside surprise supports a firmer growth narrative and could underpin Japanese equities. Higher yields may persist if stronger activity reinforces expectations of policy normalisation and fiscal expansion.
Central Banks
nzd silk rbnz 19 February 2026
Central Banks

RBNZ’s Silk: easing cycle over, but weak demand and sticky inflation pose two-way risks

  • The tone is modestly supportive for NZD rates staying “on hold” near term, but it keeps optionality for a late-2026 hike alive. NZD may remain sensitive to inflation surprises and consumption indicators: weak demand caps NZD, sticky inflation revives hike pricing.
Central Banks
Federal Reserve FOMC building
Central Banks

What the Fed didn’t say: January minutes omit the date inflation returns to 2%

  • The missing “2% by 2028” line marginally reinforces a higher-for-longer bias: it keeps the “last mile” narrative alive and may make markets more sensitive to any re-acceleration in prices, tariffs pass-through, or inflation expectations.
Central Banks
aud rba rate hike jobs tight 19 February 2026
Central Banks

Australia unemployment total falls for fourth straight month. RBA March rate hike prospect

  • Australia’s January labour force report reinforced the view that the labour market remains tight. The data do not guarantee a March hike, but they strengthen the case that the economy can absorb further tightening if inflation pressures persist.
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