Trading
TMS reaps benefits of US strength
TMS Brokers' purple patch in the 12-month rankings follows the firm's bullish dollar view it adopted a year ago, said Jarosaw Mikoajczyk, managing director at the Polish firm in Warsaw.
Korea to restrict currency data
SEOUL – The Bank of Korea (BoK) is set to restrict parties that are able to view real-time currency data, in a bid to curb currency speculation, from next month.
Nybot launches euro index
NEW YORK – The New York Board of Trade (Nybot) will today launch trading in euro index options, as further evidence of the demand for exchange-traded currency products.
From crystal balls to digital options
Sometimes one just wants to know – how much can I lose? Evan Steed , vice-president and director, FX options at TD Securities in Toronto, looks at three funding possibilities that can hopefully reduce this uncertainty
BoC taps EBS Spot, sets up FX desks
BEIJING – China's largest FX trading bank by volume, Bank of China (Beijing) is the latest bank to use EBS Spot, the e-FX spot broking platform.
Swissie and yen to see strength
The Swiss franc and yen are likely to be the strongest currencies against the dollar this year, according to Calyon's FX valuation models.
Is the UK consumer a spent force?
Jeremy Stretch, FX strategist at Rabobank in London, looks at the economic backdrop, interest rate expectations and prospects for growth in the UK in 2006
EBS enhances market data offering
LONDON & New York – FX platform EBS has enhanced its spot capabilities with an additional market data offering.
Currency strategies down in 2005
LONDON – Most currency funds are likely to have ended 2005 nursing losses, with trend followers down almost 10%, indicates research from ABN Amro.
PBoC gives OTC foreign exchange go-ahead
BEIJING/SHANGHAI – The People's Bank of China (PBoC) opened up the country's spot FX market to over-the-counter trades last week, and introduced 13 market-makers to provide liquidity in the renminbi.
Globalisation, current accounts and the dollar
Many observers stubbornly think EUR/USD must rise to correct the US current account deficit, while others believe global imbalances are mainly about America's external deficit. Danske Bank's approach is slightly different, says Teis Knuthsen , head of…
Keeping it real
BRASILIA – The Brazilian real (BRL) was one of the strongest currencies of 2005, and political din surrounding the October elections is expected to lead to further strength in the unit, say market observers.
BMo benefits from dollar strength
Bank of Montreal (BMo) has started the year in style by topping the one-month forecast for the second successive week, owing to accurate US dollar predictions.
US banks benefit from dollar upswing
NEW YORK – April saw stateside banks benefiting from a greenback revival, with profits surging in the first quarter.
No votes lead to euro volatility
LONDON – The ‘no’ votes on the EU constitution referendums in France and the Netherlands led to unexpected volatility in the currency markets at the start of the month, with the highest volumes ever seen on some platforms.
Hong Kong limits speculative trading
HONG KONG – May saw speculation about the shift in the renminbi peg affect the policy of neighbouring economies.
Commodity currencies are set to sparkle in 2006, says Trevor Williams, chief economist at Lloyds TSB Financial Markets in London
Go for the currencies with the commodities
Terrorist attacks hit e-trading
LONDON – The July 7 terrorist attacks in London caused widespread disruption to electronic trading, with spreads widening considerably and at least one bank not delivering prices to a portal.
Preparing for Korean won under-performance in 2006
Standard Chartered’s economics and FX strategy team suggest ways to position for a weaker Korean won in 2006
Canadian dollar hits new heights
OTTAWA – Almost four years after it hit an all-time low, the Canadian dollar (loonie) is riding on the crest of a wave after reaching its highest level in years.
Enigma – a cracking good model
Pete Eggleston, head of quant solutions at the Royal Bank of Scotland, financial markets, in London, discusses systematic trading of FX implied volatility using the 'Enigma' model
Thinking outside the US dollar
Marios Maratheftis, FX strategist at Standard Chartered in London, sees an end to the dollar's rally, and describes how high yielders together with Asian and African currencies are offering exciting opportunities
Yen reverses weakening trend
The yen staged a comeback last week, reversing a trend of weakness against the greenback seen since June, when dollar/yen hit 108.17.