Trading
Citi holds firm with negative US outlook
NEW YORK - Expectations for further weakness in the US economy has seen this week's top-ranked three-month forecaster, Citi, take a cautious approach to the recent dollar revival.
Czech forex volumes double in six months
PRAGUE - The credit crisis led to a sharp rise in Czech koruna forwards and foreign exchange swaps volumes in April, according to statistics released last week.
Efficient correlation
Marc Chandler, chief currency strategist at Brown Brothers Harriman in New York, shows how a study of correlations can reveal valuable information about the shifting relationship between global currencies
Risks for Anglo-Saxon currencies
Mike Gallagher , director of research at IDEAglobal in London, evaluates the prospects for currency markets during a break in the intensity of negative credit or economic news
GCC currency pairs live on ACM
GENEVA - Six new Gulf Co-operation Council (GCC) currency pairs are now available to traders on Geneva-based online currency trading platform AC Markets (ACM).
Short volatility strategies best earners in April
LONDON - A short volatility strategy would have gained currency managers the highest returns in April, according to strategy research carried out by ABN Amro.
Scotia profits from eurozone's escape
Scotia Capital topped this week's three-month forecast rankings with a bullish euro forecast as the eurozone, and the European Central Bank (ECB), held firm in the face of the US downturn.
RBI releases details of rupee futures plans
MUMBAI - The Reserve Bank of India (RBI) has recommended a single dollar-rupee contract of $1,000 for the introduction of exchange-traded futures into the country.
RBC predicts change in USD's fortune
RBC Capital Markets tops this week's one-month forecast rankings by calling for a re-emergence of dollar support by investors, based on historical performance.
G-3 corporates increase their currency hedging
NEW YORK, LONDON & TOKYO - The average year-end global hedging ratio has risen 13% since December, according to the results of a G-3 corporate hedging survey by JP Morgan.
Land of opportunity
The re-emergence of large numbers of stocks trading at a discount to their net current assets (net/nets) attests to the remarkable values now available in Japan, says Peter Tasker, part of Dresdner Kleinwort's Japan research team in Tokyo.
Hotspot FXi launches data service
JERSEY CITY, NJ & LONDON - Hotspot FXi is the latest platform to take advantage of the demand for foreign exchange market data from model-based and algorithmic trading shops, selling market data from its historical archive.
South Korean FX trading up 100% in first quarter
SEOUL - Daily foreign exchange trading volumes in South Korea's interbank market rose by just over 100% in the first quarter of this year, compared with the same period last year.
Cable only cloud in Calyon's clear view
Expectations for a stronger GBP was the only exception in a set of accurate forecasts that led Calyon to top this week's one-month currency forecast rankings.
Global managers negative on sterling
LONDON - Despite experiencing its largest devaluation in 16 years, sterling is still overvalued, according to respondents to a Merrill Lynch global fund manager survey.
There will be blood
David Woo, head of global foreign exchange strategy at Barclays Capital in London, notes the movers and shakers among the G-10 currencies
Record FX returns no compensation for continuing subprime losses
BOSTON & NEW YORK - Record foreign exchange revenues have proved no match for the credit crisis, with billion-dollar writedowns causing two major banks to report big first-quarter losses in their fixed-income divisions this week.
Fair-value strategies pay off in March
LONDON - Currency managers running value strategies were likely to have the best returns in March, according to strategy research by ABN Amro.
Merrill's fundamental edge tops rankings
Fundamentally driven expectations of euro outperformance from Merrill Lynch edged out CIBC World Markets' technical view to take first place in the one-month rankings this week.
How misaligned is USD?
Pete Luxton, global economic adviser at Informa Global Markets in London, assesses USD's deviation from purchasing power parity and how it affects the G-10 currencies
BarCap aims to capture FX volatility
LONDON - Barclays Capital has launched three foreign exchange volatility indexes, the BetaVol, Smart BetaVol and AlphaVol. The indexes, which are designed to provide portfolio diversification and event hedge protection against sudden market downturns,…
Forex options trading surges during turbulent month
CHICAGO & NEW YORK - Foreign exchange options trading surged on the Chicago Mercantile Exchange (CME), setting multiple forex trading records during a volatile March.
Watching the market in 3D
Chip Lowry, senior managing director of Currenex, and John Vause, managing director of State Street's Global Link business for Europe, the Middle East and Africa, evaluate the evolution of the FX market's structure