Trading
Calyon gets it on cable
Calyon and HSBC were closest in predicting where sterling would end up for their three-month forecast. They both posted 0.126% divergence for cable in the three-month ranking.
Skandies set to diverge
The Norwegian krone likely to strengthen against the Swedish krona in the short term, according to Emma Lawson, FX associate at Merrill Lynch in London
EBS Prime enters Asia-Pacific region
LONDON – Interbank trading platform EBS has extended the EBS Prime service into the Asia-Pacific region, expanding beyond Europe and the US.
Top stories from 15 years of FX Week AIB losses a 'one-off'
LONDON – The foreign exchange industry is unanimous in its verdict that the disastrous $750 million FX loss announced by AIB last Wednesday was a one-off event.
HKMA limits spec trading
HONG KONG – Authorities clamped down on speculative trading on the Hong Kong dollar last week by introducing a ceiling on the currency at HK$7.75 per US dollar.
Stockie weakness despite economic strength
STOCKHOLM – For a currency with such strong economic fundamentals, the Swedish krona has seen surprising weakness this year, as many in the market have discovered to their cost.
Q&A: John Nelson
To mark 15 years of FX Week , we carry a Q&A with our first subscriber, look at three major pairs opposite and run three of the key stories shaping the industry
Top stories from 15 years of FX Week Emerging markets' glitter fades
KUALA LUMPUR – Foreign exchange controls imposed on the Malaysian ringgit on Tuesday, September 1, have sparked fears that the shine may have left the emerging currencies market, according to industry sources.
How to benefit from a weaker pound
For the currency manager looking to take advantage of fresh sterling weakness, Simon Derrick, head of Bank of New York's currency strategy team, describes a simple, low-cost way for them to express their view
Interbank FX trading takes off in China
SHANGHAI – China Foreign Exchange Trading System (CFETS) opened its interbank FX trading business last week, leading to speculation that a shift in currency policy may be imminent.
Correction for greenback pays off
Online forex trading firm MG Financial tops the one-month ranking following its decision to correct its EUR/USD forecast back in early April, said Ashraf Laidi, chief currency analyst in New York.
Will sterling lead the USD?
Hans Redeker, global head of FX strategy at BNP Paribas in London, says recent strength in the dollar is likely to be short-lived
No need to shift the Hong Kong dollar peg
Tai Hui (right), economist at Standard Chartered in Hong Kong, presents four reasons why the Hong Kong authorities should not change the HK dollar’s peg to the greenback
No soft patch for the dollar
Bank of Montreal (BMo) tops the three-month ranking with a view that the US economy would not go through the soft patch some of the other banks were predicting.
Chinese whispers cause confusion
BEIJING – Currency markets were thrown into disarray last Wednesday following an inaccurate news report by a Communist-party-backed news agency claiming China would allow the yuan to appreciate.
Dollar hits European banks
ZURICH – The dollar’s correction at the beginning of the year hit European banks, which posted a mixed bag of results in forex last week.
Bullish dollar view wins out
Informa Global Markets and HBOS top the three-month and one-month tables, respectively, by sticking with a bullish view on the dollar.
Currency strategies down
LONDON – Currency strategies faced a tough month in April, continuing the trend seen in recent months.
Size matters, finds Greenwich survey
GREENWICH, CT – The ability to execute large currency trades is one of the key components in winning new FX business from corporates and institutional clients, according to latest research from Greenwich Associates.
More flexibility needed over renminbi rationale
Can USD/RMB rise? Asks Bhanu Baweja, FX strategist at UBS in Singapore
Profiting from a renminbi revaluation
Adam Cole, senior currency strategist at Royal Bank of Canada in London, looks for options strategies to play a China revaluation within a G-10 FX portfolio
COESfx adds real-time FX data
PLAINVIEW, NEW YORK – Electronic currency network (ECN) COESfx has launched a new service, providing real-time streaming forex data directly to currency traders’ desktops.