In today’s briefing:
- USD Breakdown a Tailwind for Asia
- Morning Views Asia: Central China Securities, Country Garden Holdings Co, Longfor Properties
USD Breakdown a Tailwind for Asia
- We were transitioning to short USD at DXY 114 and 113 ahead of the touted break below trendline support that is now unfolding. Our pullback target is DXY 103.
- A weaker USD is acting as a key risk turn for EM and Asian equities (EEM bull from 34).
- The USD breakdown is accompanied by a clear yield support break that is perhaps the higher conviction bet into a recession.
Morning Views Asia: Central China Securities, Country Garden Holdings Co, Longfor Properties
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
