Choose the category below to
refine article list

Forex

Search Results

Results: 1 - 20 of 21 for 
Display 
 per page
Sort result by 
  • Nigeria – Time to adjust the FX band - Updated Mon March 24, 2014

    Some stability has returned to the FX market recently • However, this is largely because of CBN intervention • FX reserves are down almost 12% since the January MPC meeting • We believe the CBN will adjust the NGN FX band at the March MPC meeting...

  • 24-Mar – Revising our SGD rates forecasts - Updated Sun March 23, 2014

    Top 3 data/events • Vietnam – Q1 GDP likely grew 5.0% y/y • Nigeria – S&P says CreditWatch Negative, MPC may change FX band • Germany – Geopolitical fears may dampen IFO survey in March • Market focus • We revise our SGD rates forecast sl...

  • 27-Nov – Fine-tuning our G10 FX and Africa forecasts - Updated Tue November 26, 2013

    Top 3 data/events • Philippines – GDP growth likely remained robust in Q3 • Africa – Adjusting some of our FX and rates forecasts • Brazil – COPOM to deliver another 50bps hike; minutes are in focus • Market focus • We are adjusting selected ...

  • 19-Nov – Korea’s current account cross-over - Updated Mon November 18, 2013

    Top 3 data/events • Malaysia – Inflation likely accelerated in October • Taiwan – October export orders to show a pick-up in overseas demand • Nigeria – MPR on hold, other tightening measures are difficult to rule out • Market focus • Japan’s...

  • Nigeria – Economic implications of PDP’s split - Updated Tue October 8, 2013

    • Political developments in Nigeria increase near-term uncertainty • With politics taking centre-stage earlier than expected, there are upside risks to outlined spending plans • Any threat to the PDP’s majority in the National Assembly could poten...

  • Africa Focus – Long-term fundamentals - Updated Tue October 8, 2013

    • The Fed’s decision to postpone tapering QE in September led to a relief rally in some markets. In others, the focus on more negative credit fundamentals remains. With tapering of QE still expected eventually, we look at the underlying trend in mor...

  • 23-Sep – India – The RBI’s hawkish twist - Updated Sun September 22, 2013

    Top 3 data/events • Germany – Business optimum persists in the run-up to the election • Nigeria – FX policy in focus at MPC meeting • US – Consumer confidence likely eroded; home prices on the rise • Market focus • Hawkish RBI is likely to inc...

  • 22-Jul – China liberalises domestic lending rate - Updated Sun July 21, 2013

    Top 3 data/events • Taiwan – IP likely rose due to a pick-up in tech demand • Singapore – CPI inflation likely remained low • Nigeria – CBN expected to keep interest rates on hold at 12% • Market focus • PBoC eliminates lending-rate floor, ef...

  • Africa overview – Brighter prospects ahead - Updated Tue July 16, 2013

    • Growth momentum in Sub-Saharan Africa remains largely positive, despite uncertainty related to Fed tapering expectations and slowing trend growth in China • African economies will not be impacted uniformly by a reduction in QE. More liquid marke...

  • Nigeria – The political cycle and policy - Updated Tue July 16, 2013

    • Rising FAAC allocations, improved budget implementation and legislation that may allow for elections to be held before 2015 hint at the start of a political cycle in Nigeria • Oil revenue has disappointed. However, Nigeria’s willingness to dip i...

  • Africa Focus - A wealth of diversity - Updated Wed July 10, 2013

    • Prospects in the Sub-Saharan African region remain largely positive, despite uncertainty related to market expectations of Fed tapering, and a slowdown in China’s growth trend to more sustainable levels. • South Africa is more susceptible to glob...

  • Nigeria – Policy choices - Updated Tue March 26, 2013

    • Despite a modest planned increase in 2013 spending, budget oil-revenue assumptions are still optimistic • Augmentation of revenue from Nigeria’s Excess Crude Account is still possible • Calls for greater monetary easing, given near-term growth c...

  • Africa Focus - Sound growth, fiscal challenges - Updated Tue March 19, 2013

    • Sub-Saharan Africa’s growth momentum continues to be robust. New resource discoveries, firm trends in credit growth underscoring domestic consumption, and increased infrastructure investment are all important drivers of the region’s growth trend. ...

  • 21-Jan-13 – Our ASEAN survey - Updated Sun January 20, 2013

    Top 3 data/events • Australia – Q4 inflation expected to rise to 2.2% ahead of RBA meeting • Japan – The Bank of Japan is in the spotlight again • Nigeria ─ CBN seen keeping monetary policy rate on hold at 12% • Market focus • Growth outlook ...

  • 20 Nov 12 – Signs of life in the East - Updated Mon November 19, 2012

    Top 3 data/events • Japan – Export outlook is likely to remain gloomy • Nigeria – CBN seen on hold • UK – BoE minutes to indicate whether QE is likely to re-start soon • Market focus • The Philippines’ Q3 GDP to stay strong at 5.4% y/y on ro...

  • Nigeria – S&P upgrades Nigeria’s rating - Updated Wed November 7, 2012

    S&P upgrades Nigeria’s long-term rating to BB- from B+ previously, with a stable outlook • Improved fiscal and external buffers, and strong growth are cited • Nigeria’s reform momentum will now be key to further rating action...

  • Diversity - Updated Thu October 11, 2012

    • Despite IMF downgrades to global growth forecasts, real GDP in Sub-Saharan Africa should average around 5% in 2012. Africa continues to present a diverse picture: initially investor concerns centred on the impact of the slowdown in Europe; they no...

  • 17 Sep 12 – G10 forecast revisions: A tale of two CBs - Updated Sun September 16, 2012

    Top 3 data/events • Australia – Look for dovish hints in RBA minutes • Nigeria – CBN to keep rates on hold on 18 September • United States – Slow improvement in manufacturing • Market focus • We are revising our G10 FX outlook in the wake of ...

  • Nigeria – From new frontier to emerging market - Updated Wed September 5, 2012

    • Nigeria’s inclusion in the JPM GBI-EM series from October has raised offshore interest • Despite a record of poor historic performance relative to the index, Nigeria’s high yields remain attractive • Improving near-term and long-term fundamenta...

  • Nigeria – Cash reserve ratio raised 400bps - Updated Tue July 24, 2012

    • Event • The Central Bank of Nigeria (CBN) surprised markets by raising its cash reserve ratio (CRR) by an unexpected 400bps to 12%. The key policy rate, the monetary policy rate (MPR), was kept on hold at 12%, largely as consensus expected. The ...



  • 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

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.