Trading
Peso strong despite political turmoil
MANILA - The Philippine peso has weathered the storm of the recent political turmoil to close at a fresh three-and-a-half year peak of 51.17 per dollar (March 3 midday GMT) as political worries eased, according to traders.
Saxo adds Web and Mobile Trader
COPENHAGEN - Saxo Bank has announced that it is introducing a browser-based trading platform to complement its Saxo Trader.
Algorithmic trading in forex limited by fragmentation
NEW YORK - The growth of algorithmic trading in the FX space has been limited by the fragmented dealer market, according to research by Tabb Group released last week.
BarCap highlights FX benefits
LONDON - Portfolio diversification and alpha generation are the two key reasons why non-FX investors should access the asset class, according to a report released by Barclays Capital last week.
Westpac benefits from yen weakness
Two non-consensus views have helped lift Westpac to the top of the three-month forecast rankings, according to Geoff Kendrick, senior currency strategist at the bank in London.
Turkey and the butterfly
Marios Maratheftis , FX strategist at Standard Chartered Bank in London, says it is one thing being positive on the TRY and another being complacent. Here he presents three models that can help with the timing of TRY trades.
Carry trades set to lose their sparkle
LONDON - Conditions for carry trades are likely to deteriorate further this year, according to French bank BNP Paribas.
Volatile times for the Thai baht
BANGKOK - Political uncertainty in Thailand and likely further rate hikes will lead to short-term volatility in the Thai baht, say market participants.
Look past the Fed for dollar positives
Geoff Kendrick, senior currency strategist at Westpac in London, believes the market is too focused on the Fed's intention for rates, and is therefore missing the medium- term positive signs for the greenback
Rabo outperforms with strong dollar view
Rabobank's decision to go against the conventional wisdom of a dollar decline has kept the Dutch bank near the summit of the one-month historical index.
Reuters expands in China
EIJING - Reuters is significantly increasing its presence in China, signing five banks to its Dealing 3000 matching service and selling its Kondor risk management product suite to six.
Future opportunities from EUR/CHF
Corvin Codirla and Adarsh Sinha, fx strategists at barclays capital in london, show that while low eur/chf volatility may be justified at present, investors should position for a pick-up further out
A flexible approach to hedging
UBS's FX structuring team offers two case studies highlighting the benfits of flexible hedging solutions in the form of flexi notional forwards and structured flexi forwards
Loonie flight to quality remains on course
The current outlook for real interest rates and the growth picture remains favourable for the Canadian dollar, writes Ashraf Laidi , chief currency analyst at MG Financial in New York
SEB's greenback loyalty pays off
SKANDINAVISKA ENSKILDA BANKEN'S (SEB) 14-month loyalty towards a positive US dollar – dating back to late 2004 – has seen the bank rewarded with the top spot in the one-month rankings and one-month historical index.
Signs of the times, symbols of success
Emerging markets currencies are gradually coming to the fore.
Using basket options for Asian appreciation
Ian Stannard , senior currency strategist at BNP Paribas in London, suggests a basket option to participate in Asian currency outperformance
Greenback 'to keep falling'
LONDON – The US dollar is to continue its decline against many commodity and 'new broader world' currencies, despite a rise against the euro and yen, according to Jim O'Neill, chief economist at Goldman Sachs in London.
IB&T benefits from euro/dollar accuracy
Investors Bank & Trust (IB&T) has moved up 18 places to number four in the one-month rankings, as it reaps the rewards of its accuracy in predicting euro/dollar.
The bonuses of networking
Ronald Balzano , president of COESfx, says businesses relying too heavily on trading desks will lose out to firms that offer customers quick and easy access via ECNs
FXall signs TD
NEW YORK & TORONTO – Multibank platform FXall has added Toronto Dominion to its list of liquidity providers, taking its current number of banks to over 60.
Bearish dollar view supports JP Morgan
JP Morgan has climbed up the table to take top spot in this week's three-month forecasts rankings, owing to a committed but moderate bearish dollar view.
Opportunities from Asian tension
Niels Christensen , senior currency strategist at Société Générale in Paris, sees opportunities for dollar bulls and bears when trading the Hong Kong dollar despite the peg