Choose the category below to
refine article list


Search Results

Results: 1 - 10 of 16 for 
 per page
Sort result by 
  • SCTF – Bullish flow signal for USD-MYR - Updated Fri May 15, 2015

    • G10: Custodian clients turned net USD-JPY buyers in April • Asia: SCTF Aggregate Flow Index shows that our clients turned net USD-KRW sellers • Africa: SCTF Aggregate Position Index shows that our clients are short USD-ZMW, long USD-ZAR • SC...

  • Sell SGD-PHP via 3M NDFs - Updated Tue May 12, 2015

    We expect the SGD-PHP cross to resume its weakening trend given strong macro divergence • We recommend selling SGD-PHP 3M NDFs; spot target: 32.00, spot stop-loss: 34.20 • We raise our short-term FX weighting on the PHP to Overweight; we remain Un...

  • SCTF – Bearish flow signal for USD-MYR - Updated Thu April 23, 2015

    • G10: Custodian clients turned net USD-CAD sellers in March • Asia: SCTF Aggregate Flow Index shows that our clients turned net USD-IDR buyers • Africa: SCTF Aggregate Position Index shows that our clients are short USD-ZMW, long USD-ZAR • ...

  • Philippines – What our clients think - Updated Mon March 30, 2015

    Our clients are optimistic – 78% expect better or similar growth prospects versus last year • They expect BSP to keep policy rates unchanged, versus our call of a rate hike in Q4-2015 • Only 13% expect a stronger PHP versus the USD (below 44.00) b...

  • Cross-currents and vulnerability in AXJ currencies - Updated Tue March 17, 2015

    Asian currency performance has varied significantly this year, in line with our ‘cross-currents’ call • USD-AXJ is likely to see further upside in Q2 on valuation, policy divergence and flow volatility • We raise higher our USD-CNY, USD-IDR, USD-M...

  • Philippines – Strong rebound in GDP growth - Updated Thu January 29, 2015

    GDP growth accelerated to 6.9% y/y in Q4-2014 from 5.3% in Q3; q/q SA growth was 2.5% • We expect robust GDP growth to continue throughout 2015, with risks to the upside • USD-PHP is supported by positive fundamentals, and could continue to outper...

  • Cross-currents – Relative value in Asia [Correction] - Updated Fri January 9, 2015

    This supersedes the version dated 9 January 2015. On page 12, amends CNH forecasts. • AXJ currencies were resilient in 2014 – good for investors but not so favourable for AXJ exporters • The oil-price slide will help external imbalances, but furth...

  • Philippines – Growth improved in Q2 - Updated Thu August 28, 2014

    GDP growth accelerated to 6.4% y/y in Q2 from 5.6% in Q1; a 1.9% q/q seasonally adjusted increase • Better external demand helped; manufacturing and services were buoyant • We maintain our short- and medium-term Neutral FX weighting on the PHP due...

  • Philippines – Promising prospects; food is a risk - Updated Fri May 23, 2014

    We upgrade our 2014 growth forecast to 7.1% from 6.7%; Q1 growth likely to come in at 6.5% y/y • Growth will likely be supported by the robust domestic sector and improving external outlook • With El Niño looming, food inflation is likely to be th...

  • SCTF – Bearish flow signals for MYR and PHP - Updated Wed March 19, 2014

    • Asia: In February, our clients were large USD sellers vs. CNY and MYR; USD buyers vs. CNH, THB, TWD • Asia: Our custodian clients were sellers of USD vs. SGD and INR; buyers of USD vs. CNH, HKD and THB • Asia: Short USD positioning is large vs. ...

  • 1
  • 2
Go to page

New User

Find out more about our research

Straight2Bank User

Please access our research via your Straight2Bank account

In Media

Technology: Reshaping the global economy

Digital technology is transforming the economy and society. Adoption, not invention, has the most economic impact. Technology can lift developed countries if they embrace change. New technologies offer more opportunities than challenges for emerging markets.