Choose the category below to
refine article list
FX
Trade Ideas

Regions

Search Results

Results: 1 - 20 of 29 for 
Display 
 per page
Sort result by 
  • 02-Apr – Deflating ECB rate-cut expectations - Updated Tue April 1, 2014

    Top 3 data/events • Australia – We forecast continued strength in retail and external trade • Ghana – The Bank of Ghana likely to keep prime rate on hold at 18% • Brazil – COPOM expected to hike once more • Market focus • The ECB will likely c...

  • Ghana – In support of the GHS - Updated Wed February 5, 2014

    Ahead of the first MPC meeting of 2014, the Bank of Ghana issues new details on FX regulations • Existing regulations regarding export proceeds are restated • Rules on the operation of foreign-currency accounts are modified • Foreign-exchange bu...

  • 18-Nov – The Plenum delivered! - Updated Sun November 17, 2013

    Top 3 data/events • Australia – RBA minutes to reflect its cautious view • Turkey – CBRT set to leave its policy rate on hold at 4.5% • Ghana – Pace of fiscal consolidation will be closely watched • Market focus • China rolls out biggest econo...

  • 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...

  • Ghana – The long road to fiscal consolidation - Updated Tue October 8, 2013

    • Slower H1 GDP suggests that last year’s public-sector wage hikes did not have a lasting impact on growth • Utility and fuel price adjustments are encouraging, but a large debt service burden and weak budget flexibility will curb pro-growth spendi...

  • 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...

  • Measuring sustainable development - Updated Wed September 18, 2013

    Most countries now aim to achieve ‘sustainable development’, not just maximum GDP growth. But what does this mean? How can it be measured? And how does it relate to the concept of human well-being and to ‘happiness economics’? • We present a new St...

  • 30-Jul – The tipping point - Updated Mon July 29, 2013

    Top 3 data/events • Taiwan – Q2 GDP data should show a more rapidly expanding economy • Ghana – Prime rate on hold, other measures watched • Switzerland – Another rise in KOF index reflects consumption strength • Market focus • This week’s FO...

  • Ghana – Challenges ahead - Updated Tue July 16, 2013

    • Anticipated headline growth rate of c.8% is likely to mask some slowdown in the non-oil economy • Measures aimed at helping fiscal consolidation will nonetheless contribute to short-term price pressures • A weaker outlook for key commodity expor...

  • Africa – Local markets outlook - Updated Tue July 16, 2013

    • Local fundamentals are likely to prevail now that some element of an early tapering of QE is priced in • We remain Overweight FX and duration on Nigeria on supportive fundamentals and valuations • We also maintain an Overweight duration stance o...

  • 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...

  • 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...

  • Africa – Unequal vulnerability to US QE tapering [Correction] - Updated Fri June 21, 2013

    • This supersedes the version dated 20 June 2013. Changes Ghana FX weighting to Neutral. • Three sources of vulnerability will add to short-term market volatility: the concentration of foreign holdings, correlation to UST and local-market liquidit...

  • 21-May – On the road in Europe - Updated Mon May 20, 2013

    Top 3 data/events • Japan – BoJ is likely to stay put this time • Taiwan – Local job market steady as production data improves • Ghana – We expect the Bank of Ghana to hike rates by 100bps • Market focus • European investors are bullish on th...

  • Ghana – A less bearish outlook - Updated Tue May 14, 2013

    • BoG to announce measures to support the GHS around the time of the MPC decision tomorrow • Buy 3Y bonds at 18.50%, target: 17%, stop-loss: 19.25% • FX carry is attractive: with spot USD-GHS at 1.99 we maintain our 6M target of 2.03 (6M forward:...

  • Africa Regional overview – Fiscal policy in focus - Updated Tue March 26, 2013

    • Fiscal policy is likely to be constrained in 2013 in a number of Sub-Saharan African sovereigns • In some countries, debt levels have increased to worrying levels • Reducing energy subsidies can alleviate the pressure on public finances ...

  • Ghana – In search of fiscal visibility - Updated Tue March 26, 2013

    • Ghana surprised markets with its admission of spending overruns in 2012, resulting in a deficit of 12.1% of GDP • Despite reforms, in 2013 – typically the most benign year of the political cycle – the deficit narrows to only 9% of GDP • Large de...

  • 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. ...

  • Ghana – Ghana raises fuel prices - Updated Mon February 18, 2013

    • Ghana announces substantial cuts to domestic fuel subsidies • The move follows a 2012 fiscal deficit of 12.1% and Fitch’s revision of Ghana’s rating outlook to negative • Further fiscal reforms are needed to reassure investors • We update our U...



  • 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

02-Apr – Deflating ECB rate-cut expectations

Top 3 data/events • Australia – We forecast continued strength in retail and external trade • Ghana – The Bank of Ghana likely to keep prime rate on hold at 18% • Brazil – COPOM expected to hike once more • Market focus • The ECB will likely continue to blame low inflation on energy...

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.