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

Forex

Search Results

Results: 1 - 20 of 24 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...

  • 05-Feb – AXJ FX PCA: Global weakness, local strength - Updated Tue February 4, 2014

    Top 3 data/events • Philippines – BSP likely to keep policy rates unchanged • Thailand – Close THB 2/5Y IRS steepener for a loss of 9bps • UK – BoE policy on hold while market braces for the Inflation Report • Market focus • We update our P...

  • 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...

  • Local Markets Compendium 2014 - Updated Mon October 7, 2013

    To paraphrase Mark Twain, the reports of the death of EM bond markets have been greatly exaggerated. Increased global allocations to local EM bond markets have been not cyclical but primarily structural in nature, reflecting these markets’ rising ec...

  • 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...

  • 28-May – BoT to cut; keep THB IRS steepener - Updated Mon May 27, 2013

    Top 3 data/events • Japan – Consumer sector is on the path to recovery • Brazil – BCB likely to hike the SELIC rate • Germany – May’s unemployment rate is expected unchanged at 6.9% • Market focus • We expect the BoT to cut rates by 25bps to...

  • India – Withholding tax lowered for debt FIIs - Updated Tue April 30, 2013

    • Government lowers withholding tax on FII investments in GoISecs and corporate bonds to 5% from 20% • The move is supportive of GoISecs; stay long 4Y GoISecs (current 7.53%, entry 7.82%, target 7.50%, stop-loss 8.00%) • USD-INR is likely to trade...

  • 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...

  • 22-Jan-13 – Asian inflation remains tolerable - Updated Mon January 21, 2013

    Top 3 data/events • Singapore/Thailand – Target on short SGD-THB extended • Taiwan – Strong IP likely boosted Q4-2012 GDP • UK – PM Cameron to seek ‘fresh consent’ on EU relationship • Market focus • Asian inflation remains tolerable for now ...

  • Q4 – Diversification - Updated Mon October 8, 2012

    Overview • Macro outlook • FX outlook • Rates outlook • Commodities outlook • Corporate strategy • Central bank strategy...

  • 05-Sep-2012 – Thailand in the spotlight - Updated Tue September 4, 2012

    Top 3 data/events • Malaysia – BNM is likely to keep rate steady on 6 September • Australia – Labour report expected to show domestic resilience • Europe – ECB set to take action; no change expected from the BoE • Market focus • We expect the ...

  • 03-Sep-12 – Asian central banks to stay put - Updated Sun September 2, 2012

    Top 3 data/events • Taiwan – MoU signed with mainland China on currency arrangement • Nigeria – We revise the target on our long 7Y NGN bond position • UK – Manufacturing likely to remain in contraction • Market focus • Australia, Thailand a...

  • 05-Jul-12 – Alpha versus beta - Updated Wed July 4, 2012

    Top 3 data/events • Korea – Foreign bond inflows from Switzerland, China and Norway • Philippines – Short-lived impact from potential FX regulation • Switzerland – June FX reserve data to reveal the magnitude of recent FX intervention Market f...

  • 14-June-12 – Relative value in Asian local markets - Updated Wed June 13, 2012

    Top 3 data/events • Japan – No expected change in BoJ’s policy rate and asset purchases • Philippines – April should show healthy growth in remittances • United States – Headline weakness takes time to hit the core • Market focus • Investors s...

  • 23-May-12 – China wobbles, Asia trembles - Updated Tue May 22, 2012

    • Top 3 data/events • Chile – We revise up our USD-CLP forecast • South Africa – SARB seen on hold despite CPI move higher • Euro area – Flash PMI indices likely to signal Q2 GDP contraction • Market focus • Asia’s exports to China have slowe...

  • 21-May-12 – Asia’s slowdown - Updated Sun May 20, 2012

    Top 3 key data/events • Hong Kong – April CPI inflation likely remained unchanged at 4.9% y/y • Nigeria – We now expect the CBN to keep the MPR on hold this year • UK – Door left ajar for QE3 as inflation concerns diminish • Market focus • Q1 T...

  • 16-May-12 – Under pressure - Updated Tue May 15, 2012

    Top 3 data/events • Japan – Q1 GDP likely improved, but not by much • Singapore – Q1 GDP likely to be revised up from earlier estimate • US – FOMC minutes to shine a light on the chances for further QE Market focus • The sell-off in IDR governm...

  • 15-May-12 – Relative value in Asia - Updated Mon May 14, 2012

    Top 3 data/events • Japan – A contraction in machinery orders is likely • UK – BoE’s Inflation Report to provide insight into the possibility of further QE • US – Consumer spending continues to expand Market focus • Asian bonds have underperfo...

  • 03-May-12 – Doves in Europe, hawks in Asia - Updated Wed May 2, 2012

    Top 3 key events and data • Singapore – April PMI should move further into expansionary territory • Philippines – CPI should tick marginally downwards • US – Payrolls to remain anaemic Market focus • ECB’s likely more dovish stance set to contr...



  • 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.