Sean Callow

Sean Callow is Westpac Institutional Bank's Senior Currency Strategist based in Sydney. Sean is responsible for adding value to our clients' trading decisions through the analysis of key factors driving the Australian dollar and other G10...

Expertise

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Westpac weekly markets video

Sean Callow

The Australian dollar is on the back foot today as risk appetite sours, but it has mostly had a good week, reaching 6 week highs against the US dollar. Much of its strength stemmed from Australia's GDP report, where growth accelerated to above 3%. But the details of the report... Show More

Westpac weekly markets video

Sean Callow

Here is Westpac's brief weekly markets video. Last week's Australian wages and unemployment data reinforced our concern that wages growth will not accelerate any time soon. This poses danger to the outlook for both the RBA's inflation target and the government's budget position. The Aussie dollar however, looks relatively resilient... Show More

Westpac weekly markets video

Sean Callow

Just as the Fed looks set to finally hit its 2% inflation target, it releases a statement seemingly aimed at dampening expectations of faster rate hikes. In our brief weekly markets video, I discuss the US dollar and interest rate reaction to the FOMC statement and what this could mean... Show More

Westpac's weekly markets video

Sean Callow

It seems that the rise in the US 10 year Treasury note yield that began in mid-April was the start of something big. In our brief weekly video, I discuss the factors driving the broad-based US dollar revival, including its breadth and how the dollar's yield backing is not just... Show More

Westpac weekly markets video

Sean Callow

China announced tariffs on US imports in retaliation for the US tariffs and then President Trump threatened tariffs on another $100bn of Chinese imports. So it has been a week of trans-Pacific trade tensions. But how worried should we be? In our weekly video, I briefly discuss the key points... Show More

Westpac weekly markets video

Sean Callow

The FOMC delivered the expected rate hike at last week's eagerly awaited meeting. But markets didn't quite get the hawkish tone expected in the quarterly projections. In our brief weekly video, I discuss the market response to the Fed and also the deepening market concern over protectionist trade policy. I... Show More

Westpac weekly markets video

Sean Callow

Here's Westpac's brief markets video. Fed chairman Powell made a splash at his first semi-annual congressional testimony. He sparked a jump in the US dollar and market interest rates by striking a more upbeat tone on the US economy and the monetary policy outlook. I discuss Powell's impact on markets... Show More

Westpac weekly markets video

Sean Callow

Equity turmoil took its toll on the Aussie dollar this week, with a 3% fall. In our brief weekly video, I note the role played by rising US interest rates in stoking the stock selloff and the contrast with the outlook for the RBA after this week's meeting. I also... Show More

Westpac FX video - final for 2017

Sean Callow

The Aussie dollar had a strong week, rising 2% against the US dollar. The local highlight was a stunning surge in Australian jobs in November. In this brief video, I discuss the jobs data and of course the greenback's fall despite the Fed rate rise. I also note a few... Show More

Westpac weekly FX video

Sean Callow

The Australian dollar hit a 5 month low early this week but then recovered. In our brief weekly video, I discuss how the Aussie found support from RBA governor Lowe's upbeat speech and then from a wave of US dollar selling. I also take a quick look at the key... Show More

Westpac weekly markets video

Sean Callow

Competing tax plans have raised fresh doubts over whether the US Congress can deliver tax cuts, undermining the US dollar this week. In the Westpac Strategy team's brief weekly video, I discuss why US lawmakers are walking such a fine line. I also touch on the RBA and RBNZ meetings... Show More

Westpac weekly markets video

Sean Callow

The kiwi has been spellbound by New Zealand political news since Jacinda Ardern became Labour Party leader. In our brief weekly video, I discuss the sharp fall in the kiwi as Ardern was anointed prime minister and the new coalition government's focus on the currency, including an unexpected cameo by... Show More

Westpac weekly markets video

Sean Callow

Financial markets focused on Washington DC this week, wondering what the Trump-Corker feud could mean for the administration’s proposed tax plan and who might be the next Federal Reserve chair. Domestic data supported the Aussie dollar, iron ore prices less so. In our brief weekly video, I also take a... Show More

Westpac weekly markets video

Sean Callow

The Aussie dollar this week fell to lows since July, albeit with mostly orderly price action. Australia’s retail sales report played a role but a strong US dollar was the bigger story. In our brief weekly video, I discuss the week’s key market drivers, including in Europe (Spain) and the... Show More

Westpac weekly markets video

Sean Callow

The Aussie dollar has had a volatile week, seesawing around the FOMC decision and struggling with the slide in iron ore prices. In our brief weekly video, I discuss these factors along with the RBA commentary (Lowe speech and Sep minutes) and take a look at potential trading ranges for... Show More

Westpac weekly markets video

Sean Callow

In our brief weekly video, I discuss how the US dollar made a comeback against most currencies this week - the British pound the notable exception after the BoE meeting. I note the key factors supporting the US dollar, which helped keep a lid on AUD/USD (unexpected support from US... Show More

Westpac weekly markets video

Sean Callow

Here is our brief weekly video. There was a great deal of news for markets to absorb this week, from Hurricane Harvey to North Korea's missile over Japan, election poll swings in New Zealand and curious Australian data. I discuss the key market drivers of recent days and what might... Show More

Westpac weekly markets video

Sean Callow

FX, bond and equity markets have been volatile this week, with the US dollar boosted by strong data and Fed commentary, only to reverse amid US political turmoil. In Westpac's brief weekly video, I discuss how the Aussie dollar has navigated this turbulence, including Australia's wages and jobs data and... Show More

Westpac weekly markets video

Sean Callow

The Aussie dollar punched through 80 US cents this week, reaching 2+ year highs. But there was considerable volatility along the way. In our brief markets video, I discuss the impact of the FOMC meeting, RBA commentary and Australia's CPI data. I then take a quick look at the week... Show More

Westpac weekly markets video

Sean Callow

AUD/USD started the week looking promising, with help from RBA governor Lowe's upbeat comments on the Australian economy. But NY Fed president Dudley's relatively hawkish tone contributed to the Aussie slipping back under 0.76. In our brief weekly video, I also discuss how recent moves in iron ore prices and... Show More