PHP July seasonality too good to be true?
Jul 01, 2015 05:05 am UTC| Commentary
The historical chances of a PHP rally in July look good. Over the past 10 years, the PHP has rallied 8 out of 10 times in July with an average appreciation of 1.2%.The key is overseas remittance inflows related to school...
Korea weak shipment trend extends into June
Jul 01, 2015 05:02 am UTC| Commentary
Koreas exports fell 1.8% y/y in June, broadly in line with consensus (-2%). Although the decline was less severe than the contraction in May (-11%) and April (-8%), the June drop means that H1 exports fell 5% (Q2: -6.9%;...
South Korea headline inflation likely picked up, due to food and oil prices
Jul 01, 2015 04:55 am UTC| Commentary
A modest rise in South Koreas fresh food prices is expected due to drought, which actually means a significant pick-up in seasonally adjusted prices given the well-established pattern of a sizeable decline in fresh food...
Fed rate hike, Malaysian domestic rate cut
Jul 01, 2015 04:26 am UTC| Commentary
Malaysia and Indonesia are probably most vulnerable to large capital outflows on steeper than expected Fed rate increases. Both countries have seen a surge in the foreign ownership of local currency bonds.Malaysia is...
Daily Economic Outlook: 1st July, 2015
Jul 01, 2015 04:19 am UTC| Commentary
Markets will continue to digest ramifications today of developments in Greece. Although, the risk of the ECB withdrawing emergency liquidity support to the countrys banks remains, it is more likely for now to continue to...
Malaysian Ringgit weakening considerably
Jul 01, 2015 04:17 am UTC| Commentary
Ringgit has weakened considerably in the last few weeks on the back of deteriorating trade balance and increase in political noises.This weakness is expected to have more legs, driven mostly by a decline in exports; as...
MYR slowdown on LNG and GST likely to hurt exports and consumer spending
Jul 01, 2015 04:14 am UTC| Commentary
Lower energy prices (particularly LNG) and the 6% GST (since 1 April) will likely hurt exports and consumer spending. April exports data are showing the first signs of a severe LNG impact, as LNG prices track crude oil...