Euro
Aspen Trading takes bullish position on the dollar
Aspen Trading (Aspen) has topped the three-month currency forecast rankings and made a top-five appearance in the one-month poll this week, based on a consistent dollar-bullish position.
Informa: Quantitative easing threats weigh on the dollar
Informa Global Markets has topped the 12-month currency forecast rankings for a second week in a row by focusing on the effect of changing US dollar sentiment on the FX markets.
Icap attracts 15 counterparties to yuan trading
HONG KONG - Fifteen banks have signed up to trade USD/CNY on electronic broking system EBS Spot within the first week of launch, as the broker prepares to extend yuan trading against the euro, yen, Hong Kong dollar and Swiss franc in coming weeks.
Wells Fargo: Commodity currencies power ahead
Wells Fargo topped this week’s one-month currency forecast rankings with expectations for commodity and emerging market currencies to benefit from the US Federal Reserve policy of maintaining high levels of liquidity.
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.
Trend the poorest-performing strategy for August
LONDON – Currency managers using the trend strategy ended August at a loss of -2.2% as risk aversion led to a move into safe-haven currencies, indicates research by Royal Bank of Scotland.
Westpac stays euro-bearish, dollar-bullish
Westpac topped the three-month rankings by maintaining a euro-bearish, dollar-bullish stance.
Currency managers embrace risk in July
STAMFORD, CT - The Parker FX index made a return of 0.54% in July, as currency markets ditched the dollar for riskier assets amid improving European news and weaker 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.
In Brief, August 9, 2010
Read this week's In Brief to stock up on the latest technology news around the FX world.
RBS: Sterling set to shine
Royal Bank of Scotland (RBS) topped the 12-month currency forecast rankings and made a top-five appearance in the 12 month year-to-date index this week, with a strong conviction G-4 currencies would underperform.
Yield strategy delivers in July
LONDON - Currency managers using the yield strategy were the best performers in July, benefiting from improving European economic data and positive banking stress tests, shows research from Royal Bank of Scotland (RBS).
Global forex growth on the up
GLOBAL - Global foreign exchange growth increased this year from October 2009, as investor confidence in the FX market has returned following the global financial crisis, despite concerns over the eurozone.
ETF Securities to add 3x leveraged currency product
LONDON – ETF Securities is looking to add to its range of 58 listed currency exchange-traded products (ETP) by adding currency products that are leveraged by a multiple of three in September, said its chief operating officer in London, Nik Bienkowski.
Thomson Reuters: Eurodollar rise will 'run out of steam'
Thomson Reuters - IFR topped the one-month currency forecast poll this week with expectations that the euro would bounce back from the European sovereign debt crisis.
Markets brace for stress tests
LONDON – The euro traded firmly ahead of the European bank stress test results last Friday (July 23), despite expectations several banks will fail. But analysts warned the common currency is still a risk asset.
2010 the year of the yen
Simon Smith, chief economist at retail trading company FxPro in London, says the yen will drive currency markets in the second half of the year
RBC: Low Fed rates boost yen
RBC Capital Markets (RBC) topped the three-month currency forecast rankings this week with a focus on euro crosses against the yen and Swiss franc.
Enforce clearing, catapult FX into the big league, say FX Week USA panellists
NEW YORK - Counterparty risk is preventing FX from becoming a major asset class and must be addressed, according to panellists discussing the future of the FX industry at the FX Week USA congress in New York last Tuesday (July 13).
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.
BIS: Output loss not due to currency collapse
BASEL – Amid speculation from some corners of the market that the euro could collapse, the Bank for International Settlements (BIS) published its most recent paper, 'Chronicle of currency collapse: Re-examining the effects on output' on July 6. The paper…
GFT: US dollar set for a fall
GFT topped the one-month currency forecast rankings this week with expectations for the European debt crisis to supersede US fiscal shortcomings as a driver of US dollar moves.
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
Eurozone fiscal woes could be eased by EM exposure
Countries with sovereign debt problems, such as Spain, could benefit from their exposure to emerging market assets and currencies