Trading
Emerging markets prediction pays off
BNP Paribas put its recent turnaround in the three-month ranking down to an approach that saw it anticipate a downward trajectory for the dollar that would be interrupted by periods of strength.
How to position in emerging Asia?
Ben Simpfendorfer, Hong Kong-based Asian strategist for the Royal Bank of Scotland, looks at how to gain exposure to emerging markets amid fears that they will sell off
Power to the peso
The Mexican peso's future is in the hands of a new administration, says Lewis Emmons, emerging market analyst at Informa Global Markets, London
HSBC realigns FX in US
NEW YORK – HSBC has re-aligned forex management in New York amid broader changes for its US operations.
China regulator to allow sterling/renminbi trading
SHANGHAI – China's foreign exchange regulator said last week it would permit trading of the renminbi against sterling on its FX market from August 1.
Sentiment key to FXCM success
Combining technical and fundamental forecasting has helped Forex Capital Markets (FXCM) top the 12-month rankings, according to Kathy Lien, chief strategist in New York.
A brave new world for foreign exchange?
Talk of a new platform being launched by Lava and the CME/Reuters joint venture makes it feel as if the FX market is about to experience a revolution similar to that which it saw at the start of the millenium.
Creating an algorithmic safeguard
Stuart Crooks, vice-president, sales for FlexFX in London, points to algorithmic trading as a way to keep up with the increasing speed at which the market moves
Lava spreads to Russia
MOSCOW – Lava Trading will introduce trading in the Russian rouble on its FX trading platform, Lava FX, it announced at the ACI Russia International FX seminar in Moscow last week.
Play equities and bonds through FX
Adam Cole, senior currency strategist at RBC Capital Markets in London, analyses how currencies move as bond and equity markets fluctuate
Independence aids Saxo forecasting
Saxo Bank's "non-partisan, non-bureaucratic approach to market forecasting" keeps it at the summit of the one-month historical index, according to Kristian Siggaard Jensen, FX market strategist at Saxo in Copenhagen.
Central banks to diversify
LONDON – The world's central banks are increasingly looking at asset management as a diversifier for their historic hoarding of US dollars, according to a report from Merrill Lynch.
Orc adds FX coverage
STOCKHOLM – Swedish technology vendor Orc Software is expanding its multi-asset trading capabilities to the forex market by providing direct access to FXall and Hotspot FXi.
Down but not out
The Fukui scandal could bring about temporary depreciation for the yen, says Toru Umemoto , FX strategist at Barclays Capital in Tokyo
DrKW leads with bearish dollar view
Dresdner Kleinwort Wasserstein (DrKW) tops this week's three-month rankings due to its commitment to a bearish dollar view, said Tim Fox, FX strategist at the bank in London.
Barclays Capital picks dollar decline
Barclays Capital is ahead of the pack in the one-month historical index. It moved from fourth to second last week and tops the table this week.
Reuters ties to Standard Bank
NEW YORK & JOHANNESBURG – Standard Bank of South Africa has gone live with Reuters trading technology. The deal makes Standard Bank the first South African bank to make use of Reuters e-trading technology to power its FX e-commerce trading platform for…
Philips Electronics trades 98% of FX electronically
MONTE CARLO – The e-FX market received a strong endorsement last week, with Philips Electronics revealing that nearly all its FX is transacted electronically.
Structured note digital payout versus participation factor
Neil Bardsley , vice-president and FX options correlation trader at Bank of America, studies the use of an at-the-money spot basket option versus a digital payout in a structured note
Chinese volatility picking up
BEIJING - The daily central parity rate for USD/RMB last week had its largest fall since the renminbi's revaluation last July.
LONDON - Yield strategies for currency funds are undergoing their worst period since 1998, according to research by ABN Amro.
The Dutch bank's naive simulations of different currency management styles show that the yield strategy incurred losses as the carry trade continued to unwind with yen, Swiss franc and Swedish krona all strengthening. Sterling was the only carry currency…
Dollar focus in H1 set to continue
The focus on the dollar seen in the first half of the year is likely to continue for the rest of 2006 according to Matthew Foster-Smith, senior currency analyst at Thomson Financial in London.
RBS expands global sales team
GLOBAL – The Royal Bank of Scotland (RBS) has boosted its financial institutions sales team with nine hires globally.
Speculative positions for all currency pairs
Senior portfolio strategist Henrik Degrér at SEB in Stockholm develops a proxy to gauge speculative positions for all currency pairs