Trading
Rallying euro benefits Scotia Capital
Currency strategists Camilla Sutton and Stephen Malyon said that anticipating last month's euro climb helped Scotia Capital to top the one-month historical table.
EBS adds NZ dollar to platform
Interdealer broker Icap is adding the New Zealand dollar to EBS Spot, its spot broking platform, on April 26.
Bloomberg adds Asian NDIRS to its terminal
SINGAPORE – Bloomberg has added trading in Asian non-deliverable interest rate swaps to its Professional terminal, signalling the continued push by platforms to expand coverage of the region.
A bearish dollar view benefits GFT
GFT's bearish one-month forecast for the US dollar flew in the face of largely positive economic data coming out of the US, including employment and GDP figures.
Oanda adds five exotic currency pairs
TORONTO – Online FX trading company Oanda has added five new currency pairs to its trading platform FXTrade.
AIG launches emerging markets FX indexes
NEW YORK – AIG Financial Products last week launched emerging-markets (EM) foreign exchange indexes, to leverage the continued investor interest in the area.
EBS to expand EM capability
SINGAPORE – Spot broker EBS plans to expand its emerging markets capabilities with a number of new currencies set for launch in the coming months.
Bullish yen outlook helps BNP Paribas
Ian Stannard, senior currency strategist for BNP Paribas in London, said Japanese weekly security flow data from the Ministry of Finance gave the firm an indispensable heads-up on the health of the yen.
The beginning of a long-term decline?
The carry trade environment for GBP/JPY is scrutinised by Simon Derrick, managing director, global markets at Bank of New York in London
EBS to expand EM capability
SINGAPORE – Spot broker EBS plans to expand its emerging markets capabilities with a number of new currencies set for launch in the coming months.
Trading platform volumes surge as stock markets plunge
LONDON - The sharp correction in stock markets around the world last week triggered the unwinding of the carry trade, bringing record trading volumes to foreign exchange platforms.
Slovakia braced for euro arrival
What factors will determine the conversion rate of the Slovakian koruna when it joins the euro, asks Jan Toth, ING's chief economist in Bratislava
Thailand to scrap controls
BANGKOK - The Bank of Thailand's plans to get rid of remaining capital controls will lead to a widening of the spread between the onshore and offshore spot rates, say analysts.
Raised margin requirements threat to global liquidity?
CHICAGO - The Chicago futures exchanges' decision to raise margin requirements could affect global liquidity, warn analysts.
South Africa looks to currency futures
JOHANNESBURG - South Africa will launch currency futures trading on its interest rate exchange platform, YieldX, in coming months.
BarCap tops 12-month spot with bearish view
A bearish view on the USD and yen has shot Barclays Capital to the top of the 12-month forecast index.
Concerns mount over reserve increases
LONDON - Foreign exchange reserves are set to grow by 20-59% over the next three to four years, according to a survey released by Central Banking Publications last Monday (February 26).
Trend-following strategies lose out once more
LONDON - Research by ABN Amro has found that trend- following strategies were the poorest performers in February, losing 2.5% over the month, said James Binny, head of FX analytics at the Dutch bank in London.
Carry on... with a difference
There are many ways to take advantage of uncorrelated carry trades, says Marios Maratheftis, FX strategist at standard chartered in London
Traders unmoved by BoJ interest rate rise
TOKYO – Traders shrugged off the Bank of Japan's decision to raise interest rates by 25 basis points last Wednesday (February 21), with the yen remaining weak in its wake.
Calyon's bearish USD outlook pays off
Calyon tops this week's one-month forecast rankings, with a belief that the greenback would decline versus the euro.
FXall adds benchmark fixings to QuickOMS
LONDON – FXall has added benchmark fixings from Citigroup, HSBC and the Royal Bank of Scotland (RBS) to its order management system, QuickOMS.
Danske prevails on mild conditions
Danske Bank stands atop the one-month rankings this week, amid benign conditions in the global economy.
Loonie should rise against greenback
The languishing Canadian dollar has the potential for a stronger close to the year, says Camilla Sutton, currency strategist at Scotia Capital in Toronto