Investment Management
When oil prices were falling in 2015, “experts” everywhere blamed the oil weakness for a falling Malaysian ringgit. This theory has now detached itself every since OPEC cut oil production by 1.2 million barrels per day on Nov 30. The Ringgit lost more than 5% in November alone after a central bank crackdown on trading […]
Since August, the Mexican Peso has plunged by more than 12% and we see it falling to 24.00 per Dollar in 2017. Analysts are predicting more pain as Mexico is on the verge of a credit-rating cut just as Agustin Carstens gears up to leave the central bank after seven years at the helm […]
Subscribers who bought USD/INR on 25 May between Rp67.40 and Rp67.50 (Target: Rp73.00) should hold on to their long positions. Goldman Sachs now sees India’s economy only growing by 4% in the fourth quarter compared to 7.80% previously. India’s RBI conducts a monetary policy review today and the market is pessimistic with some expecting as […]
We see USD/TRY climbing to 4.00 in 2017 as Bloomberg reports that Barclays Plc and Nomura Holdings Inc. have recently declined to renew funding on a $1.1 billion syndicated loan of Turkiye Is Bankasi AS Overseas lenders are reining in credit after the government seized companies and fired workers allegedly connected to a plot […]
According to Deutsche Bank, $15 billion has flowed out of Asian bonds and stocks this month alone, since Donald Trump’s election victory. The bank warns that a perfect storm of macro and market forces could generate a dollar crunch next year Lending spreads, domestic demand and the resolve of domestic central banks to offset liquidity […]
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