Trading
Emerging market opportunities
There are more options in emerging markets than you might think, says Scott Wacker (below), global head, client risk advisory and sales, ABN Amro in London
Oil price threat to the dollar
With FX reserves diversification and higher oil prices hitting the headlines, Simon Derrick at the Bank of New York in London discusses the potential impact on the dollar
Record start for US investment banks
NEW YORK – This year looks set to be another bumper year for FX, with a second consecutive year of record-breaking first- quarter results from the US investment banks.
FXCM's three-pronged approach
Forex Capital Markets (FXCM) has topped the three-month forecast using a combination of fundamental, technical and market indicators in its analysis, said chief strategist in New York, Kathy Lien.
Saxo loyal to bearish view
Saxo Bank tops the three-month index for the fourth consecutive week, thanks to its continued bearish dollar outlook, said John Hardy, FX strategist at Saxo in Copenhagen.
Volkswagen hit by strong euro
WOLFSBURG – Volkswagen (VW) took an e800 million exchange rate hit to operating profits in 2004, with US sales dealt a significant blow from the strong euro.
Fade-out zero-cost collar for hedgers
Since the beginning of the year, we have witnessed a EUR/USD spot consolidation below 1.37. Also, the last move from 1.2700 took EUR-USD up to the middle of the range 1.27 / 1.37. Many USD buyers are therefore looking to zero-cost collars, one of the…
Asia shies away from dollar bloc
Basel – Asian currencies are not trading as a dollar bloc, said the Bank for International Settlements (BIS) in its quarterly review last week.
EBS opens to investor community
LONDON – EBS is launching its buy-side offering this week following a successful pilot with nine banks that has been running since November.
Norway looks to higher prices
The Norwegian government is pursuing policies to drive prices higher while expressing a desire for a weaker currency, says Neil Mellor, currency strategist at Bank of New York in London
A broader view than the yuan
While much attention is focused on a likely shift in the value of China’s currency, Ashish Advani (right), director of risk solutions at Travelex in Toronto, points to a way of hedging against the more imminent risk of free-floating Asian currency…
Look to NZ for opportunities
Geoff Kendrick, currency strategist at Westpac, is focusing on the New Zealand dollar (NZD) this week
Bullish dollar view pays off
Investors Bank & Trust tops the year-to-date one-month index after increasing its focus on economic fundamentals which led to a more bullish view on the dollar, said Tim Mazanec, senior FX strategist at the bank in Boston.
Waiting for a won u-turn
After the recent declaration that the Bank of Korea intends to employ a policy of currency diversification in its reserve holdings, the won performed strongly. Here, Bhanu Baweja, FX strategist at UBS in Singapore, looks at what could trigger a u-turn
Rabobank finds the winning formula in dollar correction
Rabobank tops both the one month and one month year-to-date forecasts this week after changing its dollar view at the end of last year, said Stuart Ritson, FX strategist at the bank in London.
Cutting the cost of dollar calls
With the USD having hit its lowest levels since the first half of January, Steven Englander, chief FX strategist for the Americas at Barclays Capital, suggests a cost-effective way to position for a dollar rebound
Asia to set up Bellagio Group
BANGKOK -- Asian nations are looking to set up a group that will bring greater regional co-operation.
Making the most of fresh yen strength
A fresh bout of yen strength may be imminent. Simon Derrick, head of Bank of New York’s currency strategy team, describes a simple, low-cost strategy for currency overlay managers looking to take advantage of the latest moves
Reuters & Bloomberg target buy side
NEW YORK -- Bloomberg and Reuters are going head to head in a bid to target the burgeoning buy-side market, with forex transactional capabilities being launched by both global information providers.
Dollar rebound won’t last
Less support for US currency as year goes on, says Jeff Young, head of FX strategy at Citigroup in New York
Correction forecasting wins out
Danske Bank’s rise to the top of the one month year-to-date rankings follows a revision of its forecasts in late 2004, said Niels From, senior FX strategist at the bank in Copenhagen.
Regional FX investments take off
LONDON -- Sales of investments linked to baskets of regional currencies have taken off as investors search for yields from broad macro themes in Asia and central Europe.
HVB climbs through the ranks
HypoVereinsbank (HVB) has steadily climbed the rankings since the start of 2005 to top the one-month ranking.
AUD/USD hedge for an uncertain outlook
With an uncertain short-term prognosis for the AUD/USD, Sara Sullivan, senior manager, financial engineering at ANZ Bank in London, explains a structure that offers downside protection against a stronger Aussie while allowing unlimited upside potential…