European Central Bank (ECB)
ECB calls for law enforcing Sepa migration
European Central Bank says legislative action on migration of Sepa scheme needed as self-imposed deadline will not work
ECB's Constâncio: grant CCPs access to central bank liquidity
WASHINGTON, DC – Central counterparties for derivatives trades should have access to central bank liquidity, Vítor Constâncio, the vice-president of the European Central Bank, has said.
All eyes are on Asia
With all eyes focused on exchange rate policy, this year’s FX Week Asia congress could not be better timed.
Scotia Capital: Focus moves back to the dollar
Scotia Capital topped the three-month currency forecast rankings this week on its prediction the euro would benefit from a shift in focus from the European sovereign debt crisis to worsening US economic data.
CBA on top as eurozone attempts to resolve debt crisis
Commonwealth Bank of Australia (CBA) topped the three-month forecast rankings with expectations for the euro to get a boost by some resolution of the eurozone sovereign debt crisis.
CFTC rules increase credit risk
NEW YORK - Proposed rules to limit leverage on margin FX trading accounts at retail forex brokers will have the unintended consequence of increasing counterparty risk, according to Josh Levy, managing director at Tactical Asset Management.
BNPP: Europe looks to liquidity and austerity
BNP Paribas (BNPP) has topped the 12-month currency forecast rankings for the third time in a row, having focused on the implications of liquidity and austerity measures on currency markets.
CMC: euro's loss is dollar's gain
CMC Markets (CMC) has topped the one-month and three-month currency forecast rankings with a euro-bearish, dollar-bullish stance
Klaus Regling to head euro bailout vehicle
German economist and former director-general Klaus Regling to head European Financial Stability Facility set up to bail out troubled eurozone states
BIS highlights risks of resurgent carry trade
Rate differentials make carry trades attractive, but this could cause trouble
Super-competitive core won’t stop euro losses
The euro’s 'peripheral risk premium' has continued to rise through the bounce in EUR/USD. A super-competitive and rapidly recovering core won’t stop it rising further. Tighter policy in the core raises the deflationary benchmark for the periphery, adding…
UBS: EUR/USD could fall below parity in a year
UBS topped the 12-month currency forecast rankings this week with a positive outlook for the US dollar. Geoffrey Kendrick, director in foreign exchange strategy at UBS in London, said he based his outlook on two factors: Federal Reserve rates and the…
JP Morgan: Commodity currencies will rally
JP Morgan topped the one-month currency forecast rankings this week with a focus on differing policies.
Euro pessimism pays off for 4Cast
4Cast topped this week’s three-month currency forecast rankings with a dual prediction for a decline in the euro and yen.
Concerns over euro remain despite rescue bid
Last week's news of a €750 billion international rescue package for struggling economies on the edge of the eurozone initially lifted the euro, but concerns persist about the indirect effects of the bailout, and the area's underlying economic prospects.
Option prices rocket over euro crisis and UK hung parliament
LONDON – Options prices shot up dramatically last week as liquidity fell, amid long-term concerns over the European Central Bank’s (ECB) handling of the eurozone deficit crisis and uncertainty about the outcome of the UK election.
Euro loses as markets play it safe
Greece continues to dominate the headlines. However, the contagion effect to other eurozone peripherals as well as concerns over Chinese monetary tightening and proposed financial regulatory reforms have been driving financial markets recently –…
Lloyds TSB: USD will win G-3 currency race
Lloyds TSB has topped the three-month currency forecast rankings this week by maintaining its dollar-bullish stance, according to Trevor Williams, chief economist at the bank in London.
Sterling staid but skewed
The most likely outcome for sterling is a modest appreciation from current levels, reflecting an ongoing recovery in the UK economy and the likelihood of Bank of England tightening into the end of 2010.
Trading Places, April 12, 2010
This week's people moves in the global FX market.
Greek bailout fails to inspire FX traders
The Greek bailout fails to appease forex traders
Saxo stays low on the euro
Saxo Bank tops one-month currency forecast index
Wells Fargo: Watch USD triumph in 2010
Wells Fargo tops three-month currency forecast index
Banks adopt new options-pricing practice
Interbank market builds consensus