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HSBC, Joseph De Feo, Merril, Nixon, Citi, Bear Sterns, Credit Suisse, Calyon, RZB, WestLB, ANZ, CMC
Reaction to China’s wider trading band
In the week after China’s triple response on monetary policy, sentiment on the groundis confident, according to two experts at JP Morgan in Singapore: David Fernandez,head of emerging Asian economic research, and Claudio Piron, head of Asian FX research
Survey reveals forex risk as a major concern
EDINBURGH – The majority of corporate treasurers view FX risk as their biggest concern, according to a survey released earlier this month.
EBS acquisition drives Icap results
LONDON – Interdealer broker Icap’s profits for the year ending March 31 rose 11%, largely on the back of last year’s acquisition of electronic broker EBS.
GCC currency uncertain after Kuwait abandons dollar peg
SAFAT, KUWAIT – The decision to abandon the Kuwaiti dinar’s peg to the US dollar in favour of a basket of major currencies has brought into question plans to introduce a single currency for the six Gulf Cooperation Council (GCC) states.
Forex traders face greater pressure from e-trading
LONDON – The surge in electronic trading and advances in derivatives structuring is putting greater demands on FX traders, say market participants.
Bank of America views weak dollar
An eye on a highly pressured greenback helped Bank of America (BoA) reach the top of the three-month currency forecast rankings this week.
Hear no evil?
Retail punters and cross-border institutional investors have adopted strong risk-seeking positions despite warnings of a Chinese stock market bubble, find Andrew Capon, editor-in-chief, and Michael Metcalfe, head of macro strategy at State Street Global…
China widens trading band
BEIJING – China widened the USD/CNY trading band to 0.5% from 0.3% effective today (May 21), signalling a more aggressive move towards CNY appreciation, said analysts.
BoE rate hike should have been higher
Commenting on last week's widely anticipated 0.25% rise in UK base rates, London-based fund manager Ted Scott of F&C Investments believes the Bank of England's Monetary Policy Committee should have done more to stamp out inflationary expectations
4Cast buoyed by trade sentiment
A belief in the longevity of the carry trade has helped economic consultancy 4Cast top the three-month currency forecast rankings this week.
Does one platform really fit all?
Do clients even want to trade multiple asset classes from a single platform? That's an interesting question.
Market nonchalant about FXMS data
CHICAGO – Market participants largely shrugged off volume data released by Reuters/Chicago Mercantile Exchange (CME) joint venture platform FXMarketSpace last week, claiming it is too early to judge the success of the platform.
BarCap prevails on bearish outlook
A weak dollar and yen view helped Barclays Capital to top the one-month currency forecast tables this week.
Avoiding corporate cable complacency
UK corporates need to keep their eyes on hedging policies as city analysts debate the sustainability of the current cable price, says John Haines , managing director, financial markets sales at Lloyds TSB Corporate Markets
Credit Suisse joins index bandwagon
LONDON – Credit Suisse has launched FX Rolling Optimised Carry Indices (ROCI) for forex carry trade investors.
BNP Paribas eyes bullish sterling
BNP Paribas tops this week's three-month forecast rankings with a bullish stance on sterling.
Deutsche restructures FX operations in Japan
TOKYO – Deutsche Bank has rebuilt its FX operations in Japan with seven hires and two transfers, amid a sweeping reorganisation of the business in the country.
Reuters to open up desktops, hailing radical new strategy
LONDON – Reuters is opening up the Dealing 3000 and 3000 Xtra desktops to rival platforms, in what signals a seismic shift in strategy for the electronic broker.
FX and DX: valuing the US Dollar Index futures contract
Several theoretical models have been proposed in the 22 years since the DX futures contract was launched. Here, Charles Wright, principal of Alpha Numerics in New York, discusses a numerical approach
How Mifid affects the global FX market
Mifid will create an even more efficient market for FX services that can be delivered quickly, inexpensively and globally, says Chris Pickles , chair of its Joint Working Group in London
Who's who on the exhibition floor?
FX Week gives a rundown of some of the top exhibitors at this year's event. Find out who's showcasing what, then see the box on the next page for your entertainment listings
Icap launches Aussie/Kiwi pair
LONDON – Interdealer broker Icap is going live with the Australian dollar (AUD) and Kiwi dollar (NZD) as a tradable pair today (April 30).
Extending forex market reach
There is great scope for further integration between FX and interest rate swap markets, says Philip Whitehurst of independent developer MID Analytics in London