A fleeting greenback rally post Fed rate cut will offer a final chance to reset short dollar exposures. See why undervalued Asian FX are poised to lead the next leg lower in USD and how to position now.
In this chartbook, we look at the balance of payments across DM and EM countries. The US does not fare well, but neither do a few other countries.
This week, our screeners cover views on Trump 2.0, defensive US equity sectors, and a pullback in Singapore equities. Our first screener aims to hedge longer term inflation risks that Trump 2.0 will likely generate, targeting US…
Our Emerging Markets strategists just published a report on Singapore stocks after a significant rally over the past year. Singapore’s manufacturing sector faces headwinds from contracting global new orders, which signals that a…
Can Singapore stocks continue the bull run into 2025? What does the city-state’s manufacturing and export outlook foretell? Is the Singapore dollar still competitive? See our analysis and investment recommendations in today’s…
East Asian exports reveal the global economy keeps decelerating. Singaporean non-oil domestic exports (NODX) missed expectations and decelerated in October, falling 7.4% m/m (-4.6% y/y). Electronics exports grew 2.6% y/y, slowing…
September numbers for East Asian trade disappointed across the board. Japanese exports dropped 1.7% year-on-year (YoY) after rising 5.5% in August, and Singapore’s non-oil domestic exports decelerated to 2.7%YoY after…
Singapore is a small open economy sensitive to global trade dynamics. Its non-oil exports (NODX) are thus a good bellwether for global growth conditions. Overall exports, which are highly volatile on a month-on-month basis,…
The Asian currency index (ADXY index) rose nearly 3% from its late-July lows. While CNY/USD accounted for a large share of these gains, an equal-weighted basket of non-CNY Asian currencies surged by an even larger margin (5%)…
Singapore is a small open economy sensitive to global trade dynamics. Its non-oil exports (NODX) are thus a good bellwether for global growth conditions. They rebounded sharply in July from a previous contraction, largely…