Asia, Country Guides, Global Edge

 

FX Daily; FX Outlook; Asia
February 24, 2016 Posted by

Overview

  • The onshore RMB fix came out almost 1% stronger on Feb 15, 2016 at 6.5118.  After the fixing, RMB continued its rally to 6.4950 – making it the biggest one day gain in 10 years.
  • PoBC Governor Zhou pushed back on expectation of a sharp devaluation and tightened capital controls. 
  • Downgrading of Fed hike expectation and additional quantitative easing by Bank of Japan (BoJ) and European Central Bank (ECB) suppress G3 rates outlook which in turn may give some much needed breathing room for the RMB.     
  • Capital outflow remains a key concern that could exasperate further currency weakness.  The saving grace is what still looks like a healthy trade surplus.  
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Advisories; Global Edge; Technology; Asia
February 23, 2016 Posted by
Steve Allan, head of SVB Analytics, and John Kinzer, managing director of SVB Asia Link, have been following China’s transformative innovation landscape in their respective roles at Silicon Valley Bank. They recently sat down to share perspectives on China’s growth, drivers and challenges for their innovation economy, and what’s driving Chinese investment activity.
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FX Outlook; Startups; Technology; Venture Capital; Asia; Europe; U.S.
February 09, 2016 Posted by
January 2016 was one of the toughest months on record for global financial markets.  Currency markets took it on the chin, as did commodities and equities.  A relief rally in oil at month-end did spark a recovery in many markets.
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FX Outlook; Startups; Technology; Venture Capital; Asia; Europe; U.S.
January 14, 2016 Posted by
In 2016, the dollar will continue to strengthen as long as it appears the U.S. interest rate is in a rising trend. Look for falling commodity prices to decline further as long as Chinese growth shows no turnaround from its contraction. The effect will roll over and push the commodity currencies (Australia, New Zealand and South Africa) and emerging market currencies lower.
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Advisories; Economic Outlook; Quarterly Economic Report; Asia; Europe; South America; U.S.; Wealth Advisory Market Perspectives
January 14, 2016 Posted by

SVB’s Wealth Advisory Market Outlook—Winter 2016 offers the SVB Wealth Advisory team’s perspectives on U.S. and global trends that can affect U.S. equity and fixed income performance. It also includes recommendations on portfolio strategies for a changing investing climate in 2016.

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FX Daily; Asia
January 06, 2016 Posted by

RMB Overview

  • Chinese equity plunge on the pending end of share sales ban by major stakeholders. 
  • Fear of further capital outflow and continuous weakness seen in macro data has sent the Chinese currency into a nosedive
  • Further depreciation in CNY is a consensus view on the street.  In light of broad-based USD strength and greater willingness by the State to see a weaker currency, 5% -7% depreciation seems attainable.  
  • CNH ended 2015 at 6.5688; so far 2016 high at 6.7319
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FX Outlook; Startups; Technology; Venture Capital; Asia; Europe; U.S.
December 17, 2015 Posted by
It is expected that 2016 will be an eventful year. It’s an election year. Headlines and swinging polls tend to create more volatility in the financial markets. Besides that, there are still economic headwinds and central banks are working through various fiscal dynamics. Three themes that will get much attention in the New Year will be the value of the euro, higher interest rates, and China’s inclusion into the reserve system.
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FX Outlook; Startups; Technology; Venture Capital; Asia; Europe; U.S.
December 09, 2015 Posted by
This edition of the FX Monthly Outlook includes details of several critical events of the first week of December: the ECB meeting, Fed Chmn Yellen’s comments and subsequent U.S. employment numbers, and the OPEC meeting; since they were all potential game-changers, and likely to set a new tone for 2016.
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FX Outlook; Startups; Technology; Venture Capital; Asia; Europe; U.S.
November 24, 2015 Posted by
European Central Bank President Mario Draghi recently announced that there are still headwinds in the region and additional accommodation may be required. First, consumer prices in the 19-member euro zone have slipped in recent months and inflation is running well below target. The second problem: the most recent forecast from the European Commission expects GDP growth at 1.6% for 2015, and about the same level for next year and 2017.
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FX Outlook; Startups; Technology; Venture Capital; Asia; Europe; U.S.
November 19, 2015 Posted by
We had a busy month for the global financial markets with plenty of elections and central bank activities to influence global asset and currency valuations. Although the U.S. dollar rallied strongly in the second half of the month, it remained within the trading ranges against the major currencies that have been in place over the last few months. Emerging market currencies traded higher on the month for the first time since earlier in the year.
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