Trading
Dollar rally likely to be only temporary
Barclays Capital has continued its strong showing in the rankings since the beginning of the year, coming in top for its 12-month forecasts. It also featured well in the three-month and one-month year-to-date index.
The USD resurgence may only be temporary
Simon Derrick, head of currency strategy at Bank of New York in London, warns that it may be too soon to be revising those dollar forecasts
Bearish USD view rewarded by year-end
Persistence has paid off for 4Cast, which saw its consistently bearish view of the dollar rewarded as 2006 came to a close and the new year began.
Nybot launches peso and real FX futures to support coffee traders
NEW YORK – The New York Board of Trade (Nybot) is preparing to launch futures in the Colombian peso and Brazilian real next month.
Spotradar from Nostradamus predicts good times ahead
LONDON – Nostradamus, a forex predictions company, is looking to sign a raft of new clients for its Spotradar automated trading system in the next few months.
A flying start to 2007 Currency strategies down in 2006
LONDON – Most currency funds are likely to have ended 2006 nursing losses, with trend followers down around 6%, according to research from ABN Amro.
A flying start to 2007
GLOBAL – The year is off to a flying start as currency markets opened with a healthy level of volatility last week, said traders.
Sterling and the phantom menace – EUR/GBP will rally in 2007
Adrian Hughes, currency strategist at Société Générale Corporate & Investment Banking in London, assesses the prospects for sterling in 2007
November 2006 - RBS and JP Morgan scale back prop trading
LONDON & NEW YORK – November saw mixed fortunes for FX traders. Just as volatility returned to the market, two major banks made cuts to their prop trading desks.
Banks on the mark for dollar predictions
The leading banks in FX Week 's Best Bank poll have come up trumps in their predictions for a decline in the US dollar by the 2006 year-end.
New Year and new beginnings
This is my final issue of FX Week. After more than two years in the editor's chair, the time has come for me to move on. It's been an interesting and challenging job and one which has taught me a lot about global markets.
January 2006 - PBoC gives OTC foreign exchange go-ahead
BEIJING – The People's Bank of China (PBoC) opened up the country's spot FX market to over-the-counter trades and authorised the China Foreign Exchange Trading System (Cfets) to determine the daily central parity rate for the RMB against foreign…
The sands of forex will shift in 2007
GLOBAL – 2007 will see a big shift in the landscape of the FX industry, according to leading market participants.
The sands of forex will shift in 2007
GLOBAL – 2007 will see a big shift in the landscape of the FX industry, according to leading market participants.
EBS moves into netting
LONDON – EBS is to establish a netting service to enable prime customers to net trades with their banks, as the spot broker looks to adapt to the changing landscape.
Danske goes against the consensus
Danske Bank is going against consensus view by predicting a medium-term pullback in EUR/USD and a weaker than expected yen.
The changing face of liquidity
Paul Ronan and Nicholas Hodder , of technology vendor City Practitioners, consider the impact the increasing prevalence of auto-trading capabilities is likely to have both on banks' efficiency and on spot traders themselves
High volatility sparks trading records
LONDON & CHICAGO – High volatility over the past three weeks saw record trading flow transacted across the major trading venues.
Banks team up to launch benchmark currency indexes
LONDON & FRANKFURT – Deutsche Bank, UBS and Barclays Capital have signed up with iBoxx to launch currency indexes that they say will act as an industry-wide benchmark.