DBS Chief Investment Office Collection 2018


The DBS Chief Investment Office brings you insights and analysis on what's driving global financial markets to help you make informed investment decisions
Chief Investment Office18 Dec 2018
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    Wealth Dailies

    Find out what happened in the global markets with this morning brief.

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    FX Tactical

    Navigate the currents in the FX markets with technical analyses from our FX strategists.

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    CIO Insights

    Gain perspectives on the themes that will shape global markets throughout the quarter.

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    CIO Perspectives

    The DBS Chief Investment Office explains what's likely to happen in markets and why.

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    Wealth Dailies


    Date Report
    December 14, 2018 The spectre of trade war still looms over markets
    December 13, 2018 Markets catch a break and bounce back
    December 12, 2018 Stocks see sharp moves for a second day
    December 11, 2018 The week starts with gut-wrenching volatility
    December 10, 2018 Trade war remains at the fore of the market’s mind

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    FX Tactical


    Date Report
    November 26, 2018 Silver (XAG/USD): Consolidates with short-term bears in the veneer
    November 20, 2018 AUD/NZD: The pendulum shifts
    November 19, 2018 GBP/USD: Brexit's reality bites
    November 14, 2018 AUD/USD: Brewing silently in the background
    November 12, 2018 NZD/USD: Kiwi's run higher should cool
    November 07, 2018 AUD/USD: Staying within its lanes
    November 05, 2018 GBP/AUD: Weathering Brexit
    October 30, 2018 USD/JPY: Still pinned down to ranges
    October 29, 2018 XAU/USD: Gold bugs suit up
    October 25, 2018 AUD/NZD: Re-enter a tactical short
    October 22, 2018 USD/CAD: Maintain a USD buy-on-dips stance
    October 18, 2018 EUR/USD: Roll the dice again
    October 17, 2018 AUD/JPY: Trading the bottom of a trend's end
    October 16, 2018 AUD/NZD: Oversold Kiwi positions weigh on cross
    October 11, 2018 USD/JPY: Goes on the defense and steps back into the tent
    October 10, 2018 XAG/USD: There is still room for decline
    October 08, 2018 AUD/USD: Still under the cosh
    October 05, 2018 USD/CHF: Cooling ahead of parity test
    October 03, 2018 EUR/AUD: Likely to dismiss Italy’s budget news as noise
    October 02, 2018 EUR/JPY: A short-term corrective dip is in the works
    October 01, 2018 EUR/USD: The EUR deceptively wears two hats
    September 17, 2018 GBP/USD: Likely running into a divisive Tories Birmingham conference
    September 14, 2018 USD/CAD: A NAFTA "David and Goliath" scene hints at loonie weakness
    September 10, 2018 EUR/USD: ECB’s guidance would potentially lead
    September 06, 2018 AUD/CAD: Rates divergence continues to drive the cart
    September 05, 2018 EUR/JPY: Still carrying a bullish undercurrent
    August 30, 2018 USD/JPY: Remains the odd man out
    August 29, 2018 AUD/JPY: Moving another leg lower
    August 27, 2018 EUR/USD: Silent bulls emerging; bears on the retreat
    August 27, 2018 AUD/NZD: Looking at the changing deck of cards
    August 24, 2018 AUD/USD: Scott Morrison takes up leadership
    August 20, 2018 AUD/USD: AUD ignores RBA Governor Lowe in corrective move
    August 20, 2018 Gold (XAU/USD): Still mired in a long-term consolidation
    August 16, 2018 AUD/NZD: RBNZ's dovishness supports buying value dips
    August 15, 2018 USD/JPY: Pauses to find its direction
    August 14, 2018 EUR/USD: Turkey contagion changes the landscape
    August 07, 2018 EUR/USD: The bears are still determined
    August 06, 2018 EUR/JPY: Go long the end of a price sequence
    August 02, 2018 AUD/USD: China matters, and sets the direction
    August 01, 2018 USD/CAD: Positive news is likely baked in
    July 30, 2018 EUR/USD: EUR has been trading choppily
    July 26, 2018 GBP/USD: Trading a recovery track
    July 19, 2018 USD/JPY: Little help from Powell, but pick those dips
    July 17, 2018 AUD/NZD: Still prefer AUD over NZD
    July 16, 2018 AUD/USD: The AUD continues to struggle
    July 11, 2018 USD/JPY: Dancing to the tariffs tune
    July 10, 2018 AUD/USD: Back in the tent, for now
    July 09, 2018 AUD/NZD: The AUD rules the Tasman roost
    July 03, 2018 USD/JPY: Running into an overbought patch
    July 02, 2018 GBP/USD: Selling corrective bounces
    July 02, 2018 EUR/USD: Never a dull moment
    June 28, 2018 GBP/USD: Buying a deep-seated dip
    June 26, 2018 NZD/USD: Selling corrective bounces
    June 25, 2018 EUR/USD: Note the key support level
    June 18, 2018 USD/CAD: Trading a picture of two halves
    June 18, 2018 EUR/USD: Hurt by ECB dovishness, German political fragmentation
    June 11, 2018 EUR/GBP: Gearing up for a leg higher
    June 11, 2018 AUD/USD: Downside pressure ahead; it has failed at the top
    June 07, 2018 EUR/USD: Odds of recovery to strengthen on World Cup festivities
    June 05, 2018 USD/JPY: Pullback from 108.11 lows nears completion
    June 04, 2018 EUR/USD: Italy-linked turbulence recedes
    May 30, 2018 GBP/USD: Fitting in the Italian sneeze
    May 28, 2018 USD/JPY: Pick a USD long on the next dip
    May 23, 2018 Gold (XAU/USD): Nearing a pivot point
    May 22, 2018 Silver (XAG/USD): Nascent demand returns
    May 21, 2018 GBP/USD: Making a guarded bid
    May 17, 2018 USD/JPY: Trade against February's highs
    May 15, 2018 AUD/USD: Under the cosh
    May 14, 2018 NZD/USD: Takes a breather into Budget Day
    May 03, 2018 EUR/USD: Remains a "fade the rally" play
    April 30, 2018 EUR/USD: Rinse and repeat
    April 26, 2018 AUD/USD: Trading a reprieve bounce
    April 24, 2018 EUR/USD: The ice melts for EUR bulls
    April 19, 2018 EUR/USD: The EUR struggles to find direction
    April 17, 2018 USD/JPY: Trading in a slumber
    April 12, 2018 AUD/NZD: Trading a tactical long off trendline support
    April 10, 2018 Gold (XAU/USD): Picking up dips in a dull moment
    April 09, 2018 GBP/USD: Regaining its footing
    April 05, 2018 EUR/GBP: Pacing May's local UK elections
    April 04, 2018 NZD/USD: Trading the consolidation range
    April 02, 2018 EUR/USD: End of consolidation likely a prelude to larger move
    March 28, 2018 XAG/USD: Getting that sparkle back
    March 27, 2018 EUR/JPY: Likely still on a consolidation path
    March 21, 2018 USD/JPY: Pondering Powell and tariffs
    March 20, 2018 AUD/USD: No change in character yet
    March 19, 2018 EUR/USD: Marks time into the FOMC risk event
    March 13, 2018 AUD/USD: Picking up a short-term bid
    March 12, 2018 NZD/USD: GDP to shape the next short-term move
    March 08, 2018 USD/JPY: Run with the USD bears
    March 07, 2018 USD/CAD: Caught in protectionist crossfire
    March 07, 2018 EUR/JPY: Await corrective strength to offload
    March 06, 2018 EUR/USD: Run with the bull
    March 05, 2018 AUD/USD: Under the cosh ahead of RBA meeting
    February 28, 2018 EUR/USD: Italian elections dampen upside, but not game-changing
    February 26, 2018 EUR/JPY: JPY strength shows its mettle
    February 23, 2018 GBP/USD: Consolidating until political clarity arrives
    February 21, 2018 USD/JPY: Correction and continuity
    February 20, 2018 NZD/USD: Post-election recovery's momentum ebbs
    February 15, 2018 EUR/USD: Looking to unwind the Macron-led gains
    February 14, 2018 USD/JPY: JPY gains but it's in the script
    February 13, 2018 Gold (XAU/USD): A short-term tactical long opportunity appears on the horizon
    February 12, 2018 NZD/USD: Dovish RBNZ dampens the Kiwi
    February 06, 2018 EUR/USD: Shading the dip as a short-term long opportunity
    February 02, 2018 AUD/USD: Lower first, but a lot higher, eventually
    February 02, 2018 EUR/JPY: Looking to top pick
    January 31, 2018 AUD/NZD: Mulling the Tasman policy mix
    January 30, 2018 AUD/USD: Room to roll lower first
    January 29, 2018 GBP/USD: Staying on the weak-dollar road
    January 25, 2018 EUR/USD: Trump Administration starts thinly-veiled currency war
    January 23, 2018 USD/JPY: Harnessing a range
    January 22, 2018 EUR/USD: Consolidates into the ECB policy meeting
    January 17, 2018 EUR/USD: Staying bid on the tone
    January 16, 2018 AUD/USD: Pick up a better-placed dip
    January 15, 2018 GBP/USD: More USD weakness is likely ahead
    January 12, 2018 USD/CAD: NAFTA jitters setting in again
    January 10, 2018 Update: USD/JPY: Shift the target price higher
    January 10, 2018 Update: EUR/USD: Consider a short-term tactical trade
    January 09, 2018 NZD/USD: Upward correction from late November done and dusted
    January 08, 2018 GBP/USD: Move from the 1.30s; looking to mature
    January 04, 2018 AUD/USD: Needs short-term correction before going higher
    January 03, 2018 USD/JPY: Odds improve for downside probe
    January 02, 2018 EUR/USD: More upside on the way

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    CIO Insights


    Date Report
    December 18, 2018 1Q19: Tug of War
    December 12, 2018 4Q18: Video - Positive on China Technology
    December 12, 2018 4Q18: Investment Theme – China Financials
    December 12, 2018 4Q18: Alternatives - Finding gold’s trough
    December 12, 2018 4Q18: Currencies - Dollar strength stays intact
    November 01, 2018 4Q18: DM Corp & EM Bonds - Value in Emerging Asia & China
    October 31, 2018 4Q18: Asia ex-Japan Economy - Expect escalations and false starts
    October 24, 2018 4Q18: Asia ex-Japan Equities - Time to turn positive
    October 18, 2018 4Q18: Japan Economy - Could be hurt by US-led protectionism
    October 17, 2018 4Q18: Japan Equities - Tourism a bright spot
    October 15, 2018 4Q18: Europe Economy - We need to guard against excessive bearishness
    October 10, 2018 4Q18: Europe Equities - Headwinds to persist
    October 09, 2018 4Q18: US Economy - Trade war blues
    October 08, 2018 4Q18: US Equities - Leadership to continue
    October 05, 2018 4Q18: Asset Allocation - Engage risk assets; China offers value
    October 03, 2018 4Q18 Video: China stocks are now a bargain
    September 26, 2018 4Q18: Window of Opportunity
    August 01, 2018 3Q18: Special Feature - New Realities
    July 31, 2018 3Q18: Special Feature - Disparity in Volatility
    July 26, 2018 3Q18: Investment Theme - Ageing Population
    July 26, 2018 3Q18: Investment Theme - Structural Winners
    July 20, 2018 3Q18: Investment Theme - Asian Tourism
    July 16, 2018 3Q18: Alternatives - Gold to stay soft
    July 13, 2018 3Q18: Currencies - Dollar recovery in motion
    July 13, 2018 3Q18: DM Corp & EM Bonds - Shift EM bonds to neutral
    July 12, 2018 3Q18: DM Govt Bonds - US policy turning restrictive
    July 06, 2018 3Q18: AxJ Equities - Headwinds to dampen performance
    July 06, 2018 3Q18: AxJ Economy - Dealing with rising oil and rates
    July 05, 2018 3Q18: Japan Equities - Lacking catalysts
    July 05, 2018 3Q18: Japan Economy - On track
    June 29, 2018 3Q18: Europe Economy - Sentiment has turned more guarded
    June 28, 2018 3Q18: Asset Allocation - Neutral equities, Overweight cash
    June 27, 2018 3Q18: Europe Equities - Geopolitics: The big unknown
    June 27, 2018 3Q18: US Economy - Hawks everywhere
    June 25, 2018 3Q18: US Equities - Stay positive amid robust Tech outlook
    June 18, 2018 3Q18: Steer Through Rough Seas
    May 02, 2018 2Q18: Investment Theme - Domestic Europe
    April 27, 2018 2Q18: Investment Theme - Quality Play
    April 23, 2018 2Q18: Special Feature - Petro-CNY - Timing, reach, geopolitics, and implications
    April 18, 2018 2Q18: Asia Equities - Asia outperformance to persist
    April 17, 2018 2Q18: DM Corporate & EM Bonds - Prefer Corporate to Government bonds; EM to DM
    April 17, 2018 2Q18: Asia Economy - Benefiting from global growth
    April 16, 2018 2Q18: Alternatives - Hedging of downside risks
    April 12, 2018 2Q18: Japan Equities - In need of catalyst
    April 10, 2018 2Q18: Japan Economy - Inflation picking up, but momentum not strong
    April 10, 2018 2Q18: Currencies - Crosscurrents in play
    April 10, 2018 2Q18: Oil - Favourable Demand-Supply Outlook
    April 03, 2018 2Q18: Europe Equities - Earnings and currency headwinds
    March 29, 2018 2Q18: US Equities - Momentum underpinned by earnings
    March 29, 2018 2Q18: US Economy - Trump and Protectionism
    March 28, 2018 2Q18: Asset Allocation: Stay pro-risk
    March 27, 2018 2Q18: Mind the Bends
    December 15, 2017 2018: The Bull Ain't Done

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    CIO Perspectives


    Date Report
    December 05, 2018 Winter is not coming – yet
    December 03, 2018 Trade truce offers reprieve for risk assets
    November 22, 2018 An oasis of calm in a volatile world
    November 22, 2018 Strengthen cash flow for portfolio resilience
    November 14, 2018 Plunging oil to bring benign rates; equity rebound coming
    November 08, 2018 US midterms result: Positive for equities
    November 02, 2018 Why this is not a bear market despite a brutal October
    October 25, 2018 Stay with current asset allocation strategy
    October 15, 2018 US, China stocks offer value after pullback
    October 11, 2018 Volatility reawakens, opportunities open up
    October 09, 2018 US midterms: No longer business as usual
    October 08, 2018 RRR cut affirms our positive stance on China Financials
    September 04, 2018 A decade after Lehman
    August 27, 2018 Shifting stars and a flattening Philips curve
    August 13, 2018 What should investors do in Turkey's crisis?
    August 08, 2018 Are US equities a crowded trade?
    July 09, 2018 Gradualism and US relative outperformance
    July 04, 2018 Trade war: From rhetoric to reality?
    June 14, 2018 Yields are rising; so what?
    June 11, 2018 US Financials: Disconnect between fundamentals and markets
    May 30, 2018 Italy: A bummer for Europe
    April 25, 2018 Take the impact of rising yields in perspective
    April 16, 2018 Climbing the wall of worries
    March 12, 2018 Calm resumes in risk assets
    February 15, 2018 US equities: what to pick up now?
    February 09, 2018 Window to start accumulating
    February 06, 2018 UPDATE: Calm down - this is not the start of a bear market
    February 05, 2018 A necessary consolidation

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