November 10, 2022 03:25 GMT
Plays Catch Up On Better Equity Flow Trend
TWD
So far today TWD is bucking the broader trend of a firmer USD for much of the rest region. USD/TWD has slipped back to 31.82 (-0.20% for the session), lows back to early October. The pair is wedged between the 20-day (32.02) and 50-day (31.622) EMAs. Interestingly, the 1 month NDF has already tested sub the 50-day EMA (31.577), but the pair couldn't maintain this break, last at 31.64 (-0.40%).
- Some positive carry over from yesterday's +$839mn in offshore net equity inflows may helping this modest outperformance trend today.
- Yesterday's net daily inflow was the strongest since early August of this year. This caps off a solid 3-day run of inflow momentum, but note net flows for the past month are still at -$1.3bn.
- The uptrend in onshore equities has also slowed today, with the Taiex off 1.25% at this stage.
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