{"id":20835,"date":"2011-04-27T08:59:51","date_gmt":"2011-04-27T12:59:51","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20835"},"modified":"2011-04-27T08:59:51","modified_gmt":"2011-04-27T12:59:51","slug":"look-to-go-long-on-asia-in-may-analysts-say","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/04\/27\/look-to-go-long-on-asia-in-may-analysts-say\/","title":{"rendered":"Look to Go Long on Asia in May, Analysts Say"},"content":{"rendered":"<p><strong>By Greg Holden<\/strong><\/p>\n<p>A climb in Asian currencies appears to be led by the soaring  Singapore dollar (SGD), which reached a record last Friday, alongside a  13-year peak by the Malaysian ringgit, as many expect regional central  banks to continue hiking rates to battle inflation, according to  Bloomberg.<\/p>\n<p>The Bank of Thailand joined this trend  last Wednesday with its sixth rate hike this year and expectations for  further such tightening in the near future. The Bloomberg-JPMorgan Asia  Dollar Index rose to its highest point since 1997 as investors bought  far more stocks than they sold in the Asian economies of Thailand,  India, South Korea and Taiwan.<\/p>\n<p>The Singapore dollar appears to have lost some steam as of this  morning, but peaked last Friday at 1.2317 against the greenback, its  highest mark since at least 1981. Many analysts are forecasting a  continuation to the SGD\u2019s surge as the region makes continued gains from  a recent boom in consumer confidence towards companies with large bases  in the region.<\/p>\n<p>Alongside the SGD\u2019s ascent are the concurrent rises in Asian  currencies such as China\u2019s yuan, Malaysia\u2019s ringgit, Thailand\u2019s baht,  and the South Korean won. All of the aforementioned are in bullish  channels against their Western counterparts with expectations for  further monetary policy tightening in the months ahead which will no  doubt fuel this rapid climb. Look to go long on Asia in the weeks ahead.<\/p>\n<p><span style=\"text-decoration: underline;\"><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/em><\/span><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><br \/>\n<\/a><\/strong><\/em><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      may                                       not                               be                                                                                                                             suitable                                                 for                                                            all                                                                                                                                                                                            investors.                                                                                               There                                                                          is                       a                                                                                                                                                                                                                                                                                                                 possibility                                                                                                                that                                                                                                                                                  you                                                                                                   could                                                                                                                                              sustain      a                                                         loss                                                                                        of                                     all                                                              of                                                                               your                                                                                                                                                                                                                                                                                           investment                             and                                                                                                                                                                                                                                      therefore                                     you                                                                                                                                                                                       should                                                      not                                                                                                                                       invest                                                                                                                                           money                                                       that                                                                     you                                                                                                                                                                                   cannot                                                                                                                           afford                      to                                                                                                                                                     lose.                                                   You                                                                                                                                                                    should                                                                 be                                                                                       aware                                                         of                                                                                                                         all                                                                       the                                                                            risks                                                                                                                                                                                                                                          associated                                                                                                   with                                                                                                          Foreign                                                                                                                                                                      Exchange                                                                                                                                                                                      trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A climb in Asian currencies appears to be led by the soaring Singapore dollar (SGD), which reached a record last Friday, alongside a 13-year peak by the Malaysian ringgit, as many expect regional central banks to continue hiking rates to battle inflation, according to Bloomberg.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-20835","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=20835"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20835\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}