Standard Chartered Money Insights
Episodes
The Weekly FX Navigator: Will lacklustre interest in gold persist?
14 Sep 2021
Contributed by Lukas
Unlike the protagonists in Netflix’s Money Heist, the market’s interest in gold has been lacklustre this year. Join DJ Cheong as he offers a brief...
Weekly Market View: A leftward shift in Europe?
10 Sep 2021
Contributed by Lukas
Germany’s upcoming federal election has the potential to fundamentally alter the policymaking compass of Europe, lifting its growth potential. The E...
The Weekly FX Navigator: Revisiting the USD ‘smirk’ framework
07 Sep 2021
Contributed by Lukas
Price action within G10 FX has been one of USD underperformance but can that persist? In this episode, DJ Cheong revisits the USD ‘smirk’ framewor...
Weekly Market View: A turnaround in China?
03 Sep 2021
Contributed by Lukas
China’s markets are likely turning a corner, with some assets such as internet sector equities offering short-term tactical opportunities and others...
The Weekly FX Navigator: An update on the USD
31 Aug 2021
Contributed by Lukas
In this episode, DJ Cheong talks about the underlying message from the Fed’s recently concluded Jackson Hole symposium and how that impacts our near...
Global Market Outlook - Looking beyond the taper
27 Aug 2021
Contributed by Lukas
'Talking about tapering' is now well underway and we expect the US Federal Reserve to announce bond purchase tapering by end-2021. This coul...
The Weekly FX Navigator: Contrasting COVID-19 approaches between the UK and Australia
24 Aug 2021
Contributed by Lukas
In this podcast, DJ Cheong provides an update on the recent wobble in risk assets and how that impacts risk-sensitive currencies like the AUD. The UK ...
Weekly Market View: Is Fed tapering really a risk?
20 Aug 2021
Contributed by Lukas
Risk assets wobbled and stock market volatility jumped as Fed meeting minutes showed most policymakers want to start tapering bond purchases this year...
Talking Thematics: Journey or destination? An inflation playbook (Part 2)
19 Aug 2021
Contributed by Lukas
While our Chief Investment Office’s central view is that inflation will likely be transitory, in part 2 of this conversation, strategists Audrey Go...
Talking Thematics: Journey or destination? An inflation playbook (Part 1)
18 Aug 2021
Contributed by Lukas
After more than a decade largely below target, recent inflation data in the US have jumped sharply. However, ample slack in labour markets lead us to ...
The Weekly FX Navigator: Watch the safe-havens
18 Aug 2021
Contributed by Lukas
In this podcast, DJ Cheong talks about recent risk-on/risk-off dynamics and how that may affect currency markets. Traditional safe-haven currencies li...
Weekly Market View: Is it time to switch back into Value-style equities?
13 Aug 2021
Contributed by Lukas
Our strategy of averaging into Value-style equities may be starting to pay off. The revival of confidence in the US economic recovery after a solid jo...
The Weekly FX Navigator (11 August 2021): Gold loses some of its shine
11 Aug 2021
Contributed by Lukas
Gold had a rough start to the week, falling as low as 1685 before paring losses. In this episode, DJ Cheong delves deeper into the precious metal’s ...
Weekly Market View (6 August 2021): Is a potential Fed tapering announcement something to worry about?
06 Aug 2021
Contributed by Lukas
Monetary policy hawks have selectively started to appear along the horizon. Several Emerging Market and commodity exporter central banks have started ...
The Weekly FX Navigator (4 August 2021): An update on the Antipodeans (AUD, NZD)
04 Aug 2021
Contributed by Lukas
In this episode, we focus on the AUD and NZD, comparing their central bank policies, economic performance and sensitivity to risk-off sentiment. We ha...
Global Market Outlook (30 July 2021) - Are investors learning to live with COVID?
30 Jul 2021
Contributed by Lukas
We see equity markets transitioning to a slower, but more sustainable, pace of gains as countries vaccinate and learn to live with COVID-19. US and Eu...
The Weekly FX Navigator (27 July 2021): Will the UK and the GBP lead the way out of the COVID-19 pandemic?
27 Jul 2021
Contributed by Lukas
UK hospitalisation and mortality rates will be key for the UK’s ‘vaccinate and live with it’ COVID-19 strategy. While investors are likely to sh...
Weekly Market View (23 July 2021): What to watch this summer
23 Jul 2021
Contributed by Lukas
The August-October period tends to be seasonally lacklustre for equity markets, but this year we are focussing on three key issues. The UK experiment ...
Talking Thematics (22 July 2021): Themes for the year and beyond
22 Jul 2021
Contributed by Lukas
In this first instalment of “Talking Thematics” we discuss the benefits of thematic investing. We also introduce our podcast listeners to our pref...
Weekly Market View (16 July 2021): Is China policy tightening over?
16 Jul 2021
Contributed by Lukas
China’s cut in bank reserve requirements raises the chance of further policy easing. We would need to see signs of further relaxation, especially wi...
The Weekly FX Navigator (13 July 2021): Can the RBNZ lift the NZD?
13 Jul 2021
Contributed by Lukas
Regular listeners will know that we hold a favourable view towards the NZD over a 12 month horizon. In this podcast, we provide a quick update on what...
Weekly Market View (9 July 2021): Bond yields - warning or opportunity?
09 Jul 2021
Contributed by Lukas
The pullback in US government bond yields has contrasted with the ongoing reflation and recovery narrative. Are lower bond yields signalling challenge...
The Weekly FX Navigator (6 July 2021): We still like the CAD
06 Jul 2021
Contributed by Lukas
Uncertainty around the trajectory of Fed tapering could prop up the USD in the short-term, but we expect the USD downtrend to reassert itself over the...
Weekly Market View (2 July 2021): Much ado about nothing?
02 Jul 2021
Contributed by Lukas
Concerns about the longevity of the economic expansion, new COVID-19 variants and Fed policy are likely overdone. We see the recent gains in Developed...
Sustainable Investing Series (28 June 2021): Companies in Transition (in partnership with Allianz Global Investors)
28 Jun 2021
Contributed by Lukas
Most of us tend to associate the word “transition” with energy transition and oil and gas companies. However, transition can also be applied more ...
The Weekly FX Navigator (29 June 2021): Add the EUR on dips
28 Jun 2021
Contributed by Lukas
While we still expect broad USD weakness over the next 6-12 months, the near-term outlook may be more challenging as expectations of the Fed tapering ...
Global Market Outlook (25 June 2021): Riding the recovery wave
25 Jun 2021
Contributed by Lukas
The strong burst of stimulus-led equity market performance is likely to give way to a more sustainable pace of gains in H2 2021 and beyond as the US e...
Sustainable Investing Series (23 June 2021): Making sense of ESG ratings (in partnership with Allianz Global Investors)
23 Jun 2021
Contributed by Lukas
To drive the momentum in mainstreaming ESG, understanding ESG factors and what goes into ESG ratings is important for investors. With a wealth of ESG ...
The Weekly FX Navigator (22 June 2021): A post-FOMC update
22 Jun 2021
Contributed by Lukas
The USD got a lift off a more confident Fed, following the central bank's upgrade to its growth and inflation forecasts and its decision to bring...
Weekly Market View (18 June 2021): A more confident Fed
18 Jun 2021
Contributed by Lukas
The Fed’s upgrade of US growth and inflation estimates and bringing forward of rate hike expectations to 2023 signals its growing confidence in the ...
The Weekly FX Navigator (15 June 2021): An oversold JPY
15 Jun 2021
Contributed by Lukas
The JPY has been an underperformer within G10 FX amid solid reflationary forces and the market returning to using JPY as a funding currency. We list s...
Weekly Market View (11 June 2021): Taper talk
11 Jun 2021
Contributed by Lukas
US stocks rose and the benchmark 10-year Treasury yield fell below a crucial support even after US inflation jumped to a 13-year high of 5%. The marke...
The Weekly FX Navigator (8 June 2021): Still lovin’ the GBP
08 Jun 2021
Contributed by Lukas
We continue to favour the GBP as the UK gradually reopens its economy while UK political uncertainty recedes. A more hawkish Bank of England (BoE), as...
Weekly Market View (4 June 2021): Europe calling
04 Jun 2021
Contributed by Lukas
The chips are falling into place for Euro area and UK stocks to outperform the rest of the world and the EUR and GBP to rise further in the next 6-12 ...
Sustainable Investing Series (3 June 2021): Water - Understanding the value of blue gold (in partnership with BNP Paribas AM)
02 Jun 2021
Contributed by Lukas
Water is the foundation of all economic and social development, critical for everyday use, and especially vital in industrial production and the agric...
Sustainable Investing Series (2 June 2021): Powering the future of energy (in partnership with BNP Paribas AM)
02 Jun 2021
Contributed by Lukas
Today, governments, businesses, and investors increasingly equate the Paris alignment with achieving net-zero emissions by 2050. As the global energ...
The Weekly FX Navigator (1 June 2021): NZD can rally further
01 Jun 2021
Contributed by Lukas
The NZD or “Kiwi” looks well supported by the Reserve Bank of New Zealand. The central bank is likely to be one of the first movers within Develop...
Global Market Outlook (28 May 2021): Inflation - A flash in the pan
28 May 2021
Contributed by Lukas
Recent data have reignited inflation worries, but we expect the rise in inflation to be short-lived given still-wide gaps to full employment in major ...
Sustainable Investing Series (27 May 2021): Impact Investing and SDGs (in partnership with Robeco)
26 May 2021
Contributed by Lukas
The United Nations Sustainable Development Goals (SDGs), also called “People’s Goals”, are 17 goals that are designed to represent a universal b...
The Weekly FX Navigator (25 May 2021): More upside ahead for GBP/SGD
25 May 2021
Contributed by Lukas
We are watching the recovery of GBP/SGD from its post-Brexit lows closely – especially the prospect of GBP gains accelerating from a technical persp...
Weekly Market View (21 May 2021): Crypto goes kaput
21 May 2021
Contributed by Lukas
The 35% plunge in Bitcoin prices since their April peak and this week’s volatility sends a stark message to investors – not to put core investment...
Sustainable Investing Series (20 May 2021): Sustainable and ESG Investing in Asia (in partnership with UOB AM)
20 May 2021
Contributed by Lukas
The mainstreaming of ESG is inevitable, with the European counterparts ahead of the game with a head start, and Asia playing catch up. Government regu...
The Weekly FX Navigator (18 May 2021): A ‘buy-on-dip’ approach to commodity-linked FX
18 May 2021
Contributed by Lukas
As the debate around the return of inflation rages, we see near-term price pressures and talk of a gradual unwind in monetary policy stimulus in sever...
Weekly Market View (14 May 2021): The inflation conundrum
14 May 2021
Contributed by Lukas
A surge in US inflation jolted markets this week on concerns it could force the Fed to tighten policy sooner than expected. We lay out reasons why we ...
The Weekly FX Navigator (11 May 2021): GBP shrugs off Scottish elections
11 May 2021
Contributed by Lukas
The last week has proven to be a relatively lively period for the GBP following the conclusion of the Bank of England policy meeting and the Scottish ...
Weekly Market View (7 May 2021): Another bumper earnings season
07 May 2021
Contributed by Lukas
US corporate earnings have once again delivered a resoundingly positive surprise. European earnings have also significantly beaten expectations. Bull ...
Sustainable Investing Series (6 May 2021): Numbers don’t lie (in partnership with Ninety One)
06 May 2021
Contributed by Lukas
Numbers don’t lie, and numbers will help with painting a better picture of the scale and urgency of the climate change issue we are dealing with. Go...
The Weekly FX Navigator (5 May 2021): Buying-the-dip in pound sterling
05 May 2021
Contributed by Lukas
In today’s episode, we will focus on the pound sterling. In the UK, sentiment has improved, lockdowns have eased and the vaccination rate has contin...
Sustainable Investing Series (3 May 2021): Getting to the ‘core’ of climate change (in partnership with Ninety One)
03 May 2021
Contributed by Lukas
Climate change issues have increasingly become front and centre globally, and 2021 could be a turning point for tackling climate change issues. There ...
Global Market Outlook (30 April 2021): Relentless optimism?
30 Apr 2021
Contributed by Lukas
Expectations for a global economic and earnings recovery remain relentlessly positive, despite an increasingly tightening policy bias in China and the...
The Weekly FX Navigator (27 Apr 2021): The USD smirks
27 Apr 2021
Contributed by Lukas
Regular readers of our publications will be aware of our interest in the “USD smirk” framework, which is a slight tweak on the traditional “USD ...
Weekly Market View (23 April 2021): The quest for Goldilocks
23 Apr 2021
Contributed by Lukas
The Fed has a deft balancing act to perform this year - keep the US economy 'not-too-hot, not-too-cold'. Global economic drivers, such as a ...
The Weekly FX Navigator (20 April 2021): Loonie tunes up for further gains
20 Apr 2021
Contributed by Lukas
We believe there are a number of reason to be short-term bullish on the CAD, such as Canada's term of trade boost this year, its economic ties to...
Weekly Market View (16 April 2021): Is reflation fading?
16 Apr 2021
Contributed by Lukas
We believe the so-called global reflation trade is taking a pause, as reflected in the pullback in US Treasury yields and a few other market indicator...
Weekly Market View (9 April 2021): Keeping the taps open
09 Apr 2021
Contributed by Lukas
The reflation theme continues to dominate the market narrative after a strong run of economic data and a calming of Fed policy tightening concerns. We...
Weekly Market View (1 April 2021): Time for reckoning
01 Apr 2021
Contributed by Lukas
April has historically been a strong month for equities. This year, it is likely to be stress-tested by investors after a strong Q1 performance. We ex...
Global Market Outlook (26 March 2021): A Wave of Rotations
26 Mar 2021
Contributed by Lukas
The market narrative is shifting towards questions about ‘too much’ stimulus and a risk of inflation. We see this environment supportive of a broa...
Weekly Market View (19 March 2021): Some like it hot
19 Mar 2021
Contributed by Lukas
The message from the Fed’s latest policy meeting was unmistakable – the US central bank wants to run the economy hot for quite some time and will ...
Weekly Market View (12 March 2021): Rotation gets a booster shot
12 Mar 2021
Contributed by Lukas
President Biden’s just-approved USD 1.9tn fiscal stimulus is likely to turbo-charge growth, setting the stage for positive corporate earnings surpri...
Weekly Market View (5 March 2021): Are we in a bubble?
05 Mar 2021
Contributed by Lukas
The latest bubble warning from China’s regulator coincided with a renewed rise in bond yields, dragging stocks lower. Since it is hard to pin-point ...
Global Market Outlook (26 February 2021): Time to rebalance?
26 Feb 2021
Contributed by Lukas
Our preference for equities remains unchanged given the improving growth and earnings outlook. However, it is prudent to review portfolios to ensure t...
Weekly Market View (19 February 2021): Will the Fed blink?
19 Feb 2021
Contributed by Lukas
Rising global growth and inflation expectations have paradoxically raised some alarm bells. Will the resulting rise in bond yields force the Fed to ti...
Weekly Market View (11 February 2021): From the Rat to the Ox
11 Feb 2021
Contributed by Lukas
After a disruptive year of the Rat, the year of the Ox brings hope. The Ox also symbolises hard work. We acknowledge that this year will be a hard gri...
Weekly Market View (5 February 2021): Should we sell?
05 Feb 2021
Contributed by Lukas
Risk assets, especially Emerging Market equities and global high yield bonds, remain overbought. Nevertheless, improving fundamentals suggest it would...
Global Market Outlook (29 January 2021): More Greed than Fear
29 Jan 2021
Contributed by Lukas
Equities have had a very strong start to 2021. Some short-term equity market indicators look stretched, which risks some temporary weakness, but we wo...
Weekly Market View (22 January 2021): What to expect from Biden
22 Jan 2021
Contributed by Lukas
US President Joe Biden’s ambitious agenda in his first 100 days should be significantly positive for reflating the US and global economy. This is li...
2021 Outlook (14 December 2020): A Year of Recovery
14 Dec 2020
Contributed by Lukas
The rapid development and deployment of the COVID-19 vaccines suggest that 2021 is likely to be a better year than 2020. Join our panel of experts at ...