Trading
Riding the US recession
Adam Cole, global head of foreign exchange strategy at RBC Capital Markets in London, evaluates the prospects of a US dollar recovery amid a US recession
Taiwan banks accuracy warning
TAIPEI - The Taiwanese monetary authority issued a circular to banks last week warning dealers to ensure the necessary paper work is accurately reviewed when executing currency forwards and non-deliverable forwards trades.
Credit Suisse signs up more algo clients
LONDON - Nine new clients signed up to use Credit Suisse's algorithmic trading models for foreign exchange in January, according to a senior official at the bank in London.
Banks bet on yen amid subprime fallout
Continued fallout from the US subprime mortgage crisis was a key influence on a yen view that took National Australia Bank (NAB) to the top of the one-month forecast rankings this week.
Looking beyond the US dollar
If 2007 was the year the US sneezed, 2008 promises to be the year in which the rest of the world catches a cold, says Cameron Umetsu, currency strategist at Nomura International in London
Goldman Sachs launches new Redi FX platform
LONDON - Goldman Sachs has launched Redi FX, a stand-alone, single-bank foreign exchange trading platform.
FX-linked investments rise as US dollar weakens
NEW YORK - Forex-linked investments enjoyed rapid growth in the US last year, as the dollar experienced further decline.
Parker FX down in December
STAMFORD, CT - The Parker FX index produced a 0.39% loss in December, as managers were hit by increased volatility in the currency markets.
US dollar expected to bottom out in second half
LONDON - The US dollar will bottom out against the euro, pound and other European currencies in the first half of this year, according to an audience poll at Goldman Sachs' annual foreign exchange conference in London last Wednesday (February 6).
Speculation mounts over exotic FX hedge ban in India
MUMBAI - Mounting concerns over the mis-selling of exotic foreign exchange derivatives to small and medium-sized enterprises (SMEs) in India has sparked speculation of a ban on sales of the products by the Reserve Bank of India (RBI).
How to get more from your basket
Duncan Farnsworth, director, currency structuring group, at the Royal Bank of Scotland in London, explains how to improve the performance of basket structures
Pimco reaps "great" currency returns
LONDON & MUNICH - Fixed-income specialist fund manager Pacific Investment Management Company (Pimco) is confident to reap "great" returns from its first currency fund, according to Thomas Kressin, a Munich-based senior portfolio manager at the firm.
Dresdner hits top with deadly accuracy
Dresdner Kleinwort tops the one- and 12-month forecast rankings this week, with a view that the US dollar was bottoming out, while the UK economy was slowing.
Choosing the right carry strategy
Nikki Marmery reports on the proliferation of carry trade indexes and outlines the key differences between the main banks' offerings
Saxo Bank adds JP Morgan to its prime broker list
COPENHAGEN - Saxo Bank is using US bank JP Morgan as its prime broker to trade anonymously over electronic spot foreign exchange trading system, Reuters Spot Matching.
Merrill's defensive play proves profitable
LONDON - A forecasted market retreat into the safe havens of the yen and the Swiss franc has taken Merrill Lynch to the top of FX Week 's three-month rankings this week.
Fed cuts may lead to Qatari de-peg
DOHA & LONDON - Two Federal Reserve rate cuts totalling 1.25% to 3% in the past two weeks have raised speculation that the Qatari riyal's dollar peg might be about to break.
Icap speeds up price info on EBS
LONDON - Interdealer broker Icap has cut latency on spot-broking system EBS Spot and market data service EBS Live, according to a letter to EBS Prime bank customers seen by FX Week .
Strong yen and franc boost Lehman to top
LONDON - A big-picture outlook for the yen and Swiss franc took Lehman Brothers to the top both of the one-month and three-month currency forecast rankings this week.
SWFs under pressure to disclose
Marc Chandler, chief currency strategist at Brown Brothers Harriman in New York, looks at why the issue of sovereign wealth fund transparency is such a heated one
Seeking a sterling collapse
By Pete Luxton, global markets adviser, and Dave Willmer, foreign exchange options market strategist, at Informa Global Markets in London
Carrying a mixed bag
Analysts polled by FX Week reveal an industry split on the sustainability of resurging risk appetite and the future of yen-based carry trades. Compiled by Wendy Mock
Platforms see record trading in volatile markets
LONDON - Interdealer broker Icap and the Chicago Mercantile Exchange (CME) posted record trading volumes last Tuesday (Jan 22), amid an upswing in market volatility.
Reduced growth will fuel FX competition
As the market gears up for a fresh year of activity, Patrick Lefler, FX consultant at Wall Street Systems, predicts the key FX market developments in 2008