Choose the category below to
refine article list
FX
Theme
Trade Ideas

Forex

Search Results

Results: 1 - 10 of 18 for 
Display 
 per page
Sort result by 
  • 01-Apr – UST volatility and EM catch-up - Updated Mon March 31, 2014

    Top 3 data/events • Singapore – We expect the PMI to remain above the 50 threshold • Europe – New offshore Renminbi centres set to get a boost • US – ISM data is likely to thaw gradually • Market focus • The sharp fall in UST implied volatili...

  • The super-cycle lives: EM growth is key - Updated Wed November 6, 2013

    In 2010 we argued that fast growth in emerging markets (EM) and their increasing weight in world GDP was driving an economic super-cycle. We have lowered our forecasts for China, India and others, but the case broadly still holds (see Part 1). • We...

  • Singapore – MAS expected to maintain the status quo - Updated Fri September 27, 2013

    We maintain our long-held call for the MAS to keep its policy stance unchanged; risk is of minor easing • Ongoing restructuring to keep MAS focused on inflation; current SGD NEER level offers loosening room • Leveraged funds: Sell SGD-THB, target ...

  • Indonesia – A primer on the balance of payments - Updated Tue September 3, 2013

    • Although Indonesia’s economic fundamentals are still strong, its external exposures are rising • Balance-of-payments deterioration needs to be addressed with structural rather than ad-hoc measures • External debt has risen in recent years, but ...

  • Malaysia – Enter the MYR 2Y/5Y IRS steepener - Updated Wed August 7, 2013

    • The MYR market sold off sharply in July amid concerns over the weak fiscal and external position • We revise our BNM policy rate call and now expect the next hike in Q3-2014 (not in Q4-2013) • We recommend MYR 2Y/5Y IRS steepener, see more valu...

  • Asia Focus - Macro resilience - Updated Tue July 2, 2013

    • Worries over the impact of eventual US tightening and policy actions in China may have affected markets, but Asia’s underlying macro resilience remains intact. Domestic demand indicators have been holding up. We have downgraded our 2013 growth for...

  • Signalling more pain for EM near-term - Updated Thu June 13, 2013

    The two key macro signals – the market’s Fed view and China’s data – signal more near-term pain • The key positioning signal – high cash levels – dampens negative feedback from redemption flows • In H2, slightly better China growth and lower...

  • BoJ easing supports relative value in Asia - Updated Thu April 18, 2013

    We examine the impact of aggressive BoJ easing on Asia and G10 via trade, FDI and portfolio channels • In Asia, Thailand is the clear winner, benefiting from the trade impact and also from likely bond inflows • Korea, Singapore, Malaysia and Thai...

  • Philippines – Positives for current account outlook - Updated Wed March 6, 2013

    We expect a larger current account surplus in 2013, supported by services exports and remittances • The BoP backdrop provides a strong argument for an investment-grade rating by 2014 • We maintain our Overweight stance on the PHP, although we expe...

  • Malaysian markets can withstand short-term volatility - Updated Wed February 27, 2013

    MYR is vulnerable short-term to JPY weakness, position risk; set to outperform medium-term on C/A, palm oil • If USD-MYR spikes higher and foreigners sell MYR bonds, local investors have the capacity to absorb MGS • We estimate that 20-30% of fore...



  • 1
  • 2
Go to page
  

New User

Find out more about our research

Straight2Bank User

Please access our research via your Straight2Bank account

Trade idea

01-Apr – UST volatility and EM catch-up

Top 3 data/events • Singapore – We expect the PMI to remain above the 50 threshold • Europe – New offshore Renminbi centres set to get a boost • US – ISM data is likely to thaw gradually • Market focus • The sharp fall in UST implied volatility should support carry currencies near-term...

In Media

Global Focus - The world in transition

The world economy is in transition. Global growth rates are picking up, but transition means elevated risks and volatility. In terms of global implications, all eyes will be on the US and China, with the US normalising monetary policy and China rebalancing its economy.