When a Swollen Trade Deficit Is Not a Material Risk to PHP
Funding the current account (C/A) gap rather than the gap itself, would determine PHP’s volatility in the near-term. Over the past two years, FDI...
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Discerning Treasury's Bloated 2Q Funding Program
Behind Treasury's expanded 2Q18 borrowing plan (Php325bn) biased to t-bills is the intention to keep borrowing costs down to prevent material...
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Week Ahead in Global Macro: FOMC, BOE, EU Summit, NPC Wrap, RBNZ, BSP, CBR/BCB Cuts, Moody's on SA
Our guide to this week’s global macro risk events and trading opportunities. This week in trade ideas: Tactical short Netflix and Tesla vs SPX....
190 Views
Stuck in Bear Market Territory?
Executive Summary: When the Monetary Board of the Bangko Sentral ng Pilipinas meets on March 22nd, it would clear policy uncertainty and ease the...
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Week Ahead in Global Macro: US NFP, Tariffs, ECB, BOJ, RBA, China NPC/CPI/Trade, BOC, BNM
Our guide to this week’s global macro risk events and trading opportunities. This week in trade ideas: Go strategic long Norwegian Krone vs EUR...
275 Views