Trading
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
Trading records fall during turbulent month
NEW YORK & LONDON - Records tumbled on foreign exchange trading platforms last month, with EBS and Currenex reporting record trading volumes for the month and FXall a record quarter.
EUR/USD breakout benefits TMS Brokers
TMS Brokers topped this week's one-month currency forecast rankings by predicting a sharp move higher in EUR/USD, after the currency pair ended three months of range trading in February.
Gambling on stability
The dollar's downward slide against the euro can't continue. Neil Mellor, currency strategist at The Bank of New York Mellon in London, suggests a trade to take advantage of an expected period of stability in the EUR/USD
USD hits lows, but no recovery until H2
Michael Ramon Klawitter, senior foreign exchange strategist at Dresdner Kleinwort in Frankfurt, says massive Fed liquidity injections will buy the US government enough time to develop a far-reaching rescue package for the economy and the financial sector
Dresdner enhances risk appetite tool
LONDON - Dresdner Kleinwort has enhanced its proprietary multi-asset class risk appetite measurement tool, ARPI (aggregate risk perception index), ahead of a strong global push later this year.
HSBC promotes Gupta
SINGAPORE - HSBC has promoted Amit Gupta to head of global markets in Singapore, with effect from April 1. He was previously head of sales for global markets and succeeds John McGowan, who will retire in June.
BarCap stays bullish in fragile market
An outlook of increased and widespread risk aversion across asset classes has seen Barclays Capital rise to the top of this week's one-month historical index.
CMC Markets launches TWI-based CFD currency indexes
LONDON - CMC Markets is launching 10 contract for difference (CFD) currency indexes based on the trade-weighted indexes (TWI) of central banks.
Turnaround for Parker FX Index
STAMFORD, CT - The continued decline in the US dollar has halted three consecutive months of negative returns for the Parker FX Index, producing a return of 1.34% for February.
Oiling the FX wheels
The Royal Bank of Canada is offering capital protection with a new FX-linked product that is based on currencies from six countries, including two of the world's biggest oil producers
Forex is surviving the credit crunch
The Fed-backed sale of Bear Stearns to JP Morgan has sharpened focus on counterparty risk, with Lehman Brothers as the main target. Although the bank allayed concerns with better-than-expected results, the general crisis of confidence still remains.
Saxo increases spot FX margins
COPENHAGEN - Saxo Bank increased spot foreign exchange margins for 11 currencies on Wednesday (March 19) as capital was pulled out of certain emerging market currencies.
JP Morgan takes low road to the top
LONDON - A bullish view on the yen has placed JP Morgan at the top of the one- and three-month currency forecast rankings, as the dollar remains at record levels of weakness versus the yen.
US dollar plummets against the yen
LONDON - Despite USD/JPY hitting 12-year lows last Thursday, traders are expecting a further collapse of the US unit versus the yen.
Patience pays off for Danske on USD
A long-held bearish USD view returned Danske Bank to the top of the three-month currency forecast rankings this week.
Retail FX might go down, but it's not out
Last week's turbulence in the currency markets certainly gave those considering a strategy to enter the retail foreign exchange market pause for thought.
Crash and carry
Lena Komileva, head of G-7 market economics at Tullett Prebon, predicts a sharp reversal of the global carry trade
S&P launches real-time currency indexes
LONDON - Rating agency Standard & Poor's launched the industry's first real-time currency indexes, the S&P Chinese Renminbi index and Indian Rupee index, last week.