Trading
Lloyds benefits from strong sterling
A view that sterling would soar against the US dollar saw LloydsTSB Financial Markets claim top spot in the one-month table, with a forecast for cable of 1.87 against an average prediction of 1.85.
Rouble hits seven-year peak against dollar
MOSCOW – The rouble hit its highest level against the US dollar for seven years last week, as the soaring price of oil boosted the Russian unit.
European banks up in Q2
EUROPE – European banks have followed the trend set by their US peers, releasing a strong set of second quarter results last week.
RBC wins on restrained dollar view
RBC Capital Markets came top of the one-month forecast table by refusing to get caught up in dollar hype.
The yen – a conflict of interests
Neil Parker, economist at Royal Bank of Scotland in London demystifies the 'black art' of predicting movements in the yen
Reserve diversification
Simon Derrick, chief currency strategist at the Bank of New York in London, suggests a simple, low-cost method to take advantage of any move by the Chinese authorities to diversify
Calyon sees dollar weakness continuing
Market sentiment about the US dollar in April and early May deteriorated markedly, according to Mitul Kotecha, global head of foreign exchange research at Calyon in London.
Loonie in tune with the market
The outlook for the Canadian dollar looks set to be tied to commodity prices and the global economy, says David Watt, senior economist at BMO Capital Markets in Toronto
Market shorts greenback too soon
Rabobank tops this week's one-month forecasts as it correctly identifed the risk that the market had become overly aggressive in its expectation of continued dollar depreciation.
Middle East violence boosts US dollar
Conflict in the Middle East contributed to a surge in the dollar and a big drop in the value of Asian currencies last week.
RBS enhances platform
LONDON – Royal Bank of Scotland (RBS) has enhanced its trading platform ahead of a realignment of its e-forex capabilities.
Forex trading on the rise again
GLOBAL – It has been another bumper six months for forex, according to figures published from the various global FX committees.
One answer to the structural versus cyclical debate
Geoff Kendrick, senior currency strategist at Westpac in London, has developed a systematic way to generate alpha from the structural versus cyclical debate
Greenback bears win in three-month
Being a dollar bear was an easy call to make three months ago, according to Matthew Foster-Smith, senior currency strategist at Thomson in London, which is the top forecaster over this period.
Downward move for greenback is inevitable, says EPI's Bernstein
NEW YORK – US economic instability, lack of household saving and demand for dollars from Asia are just some of the reasons the greenback will continue to face an uncertain future.
The Chinese way
A lot has happened in China since its accession to the WTO in 2001. Arnie Papp, general manager for Asia-Pacific at Calypso, explains the effect the changes have had on FX in the region
Emerging markets prediction pays off
BNP Paribas put its recent turnaround in the three-month ranking down to an approach that saw it anticipate a downward trajectory for the dollar that would be interrupted by periods of strength.
How to position in emerging Asia?
Ben Simpfendorfer, Hong Kong-based Asian strategist for the Royal Bank of Scotland, looks at how to gain exposure to emerging markets amid fears that they will sell off
Power to the peso
The Mexican peso's future is in the hands of a new administration, says Lewis Emmons, emerging market analyst at Informa Global Markets, London
HSBC realigns FX in US
NEW YORK – HSBC has re-aligned forex management in New York amid broader changes for its US operations.
China regulator to allow sterling/renminbi trading
SHANGHAI – China's foreign exchange regulator said last week it would permit trading of the renminbi against sterling on its FX market from August 1.
Sentiment key to FXCM success
Combining technical and fundamental forecasting has helped Forex Capital Markets (FXCM) top the 12-month rankings, according to Kathy Lien, chief strategist in New York.
A brave new world for foreign exchange?
Talk of a new platform being launched by Lava and the CME/Reuters joint venture makes it feel as if the FX market is about to experience a revolution similar to that which it saw at the start of the millenium.