Trading
Audio: To QE or not to QE, is the only question?
Markets could be sleepwalking into global crisis 2.0 as a third round of quantitative easing becomes increasingly likely, cautions Nick Beecroft, senior markets consultant at Saxo Bank in London.
Sanity check on the value of emerging markets
April in perspective: investors and managers appear to have become more averse to the risk posed by emerging market currencies after volatility struck in March
Top European banks see Q1 Ficc revenues fall
Deutsche, Barclays, UBS and Credit Suisse all saw some fall in Q1 revenues compared with the same period last year
Spotlight on: Thanos Papasavvas, Investec Asset Management
The head of currency management at Investec Asset Management talks to Joel Clark about the firm’s focus on institutional investors and its expectations for the euro, emerging market currencies and the yen
The euro: weathering the perfect storm
Fiscal concerns continue to haunt peripheral European countries and the wider eurozone, but the euro has strengthened against major currencies in the first four months of the year and economists no longer question the currency’s future. Nikki Marmery…
CBA on top with accurate view on dollar weakness
Australian bank expects US dollar will strengthen again towards year-end, once the Fed begins to raise interest rates
Dovish Fed statement heightens dollar bearishness
April 27 FOMC statement confirms QE2 will end in June and interest rates will remain low for an extended period
Charitable sector gets savvy in FX hedging
Investment managers that serve the not-for-profit sector say charities have become more sophisticated in hedging their currency risk after experiencing increased volatility. How do charities typically hedge their FX risk? Chiara Albanese reports
Speculation surrounds FOMC meeting for clues on possible dollar rally
First-ever FOMC press conference on April 27 could give market some indication of the impact of the end of QE2 and the possible timing of rate hikes, strategists hope
Thomson Reuters success hinged on bullish sterling stance
UK-based analysts predicted cable would rise to 1.63 during the first quarter, putting Thomson Reuters at the top of this week's three-month rankings
Reality check on CAD and AUD assumptions
Jeremy Stretch, head of FX strategy at CIBC in London, asks whether the Canadian or the Australian dollar is a better buy in an environment in which both appear attractive alternatives to struggling traditional currencies
Deutsche Bank sells dbFX to Gain Capital
German bank says further growth of the retail trading business requires a specialist like Gain Capital as it sells the dbFX offering it has built up since 2006
UBS adopts flexible approach to euro forecasts
Swiss bank adjusted forecasts during eurozone sovereign debt crisis to put it at the top of 12-month historical index
Deutsche and Barclays sweep into CNH derivatives
Banks both now offer offshore renminbi trading in spot, forwards and swaps on their FX platforms after new launches over the past fortnight
Testing the limits
Thomson Reuters Spot Matching suffered a major outage last month, with trading unavailable on any currency pairs for four hours. Chiara Albanese speaks to FX trading platforms to assess how they test their technology to prevent such outages
Reserve managers diversify away from traditional currencies, report finds
Non-traditional currencies play an increasingly important role in central bank holdings as a result of eurozone sovereign debt concerns and ongoing economic weakness in developed markets, according to Central Banking Publications report
Clearing discussion still in flux, says Esma chair
In his first public speech since becoming head of key regulatory body, Steven Maijoor gives no hint as to whether FX swaps and forwards might be exempted from mandatory clearing
FX dealers commit to greater standardisation in latest Fed letter
Voluntary OTC commitments touch on standardisation of FX products and the selection of a trade repository for the FX market by Q2 2012
Isda raises concerns over Russian netting laws
But despite the challenges involved, banks and brokers are excited by the progress being made to open up the Russian market
Icap updates rules for EBS Spot Ai customers
Interdealer broker limits top-of-book quote interrupts to 200 per institution per day
Spotlight on: Joe Norena and Jacqueline Liau, HSBC
Joe Norena, chief operating officer for FX and metals at HSBC, and Jacqueline Liau, global head of product and services for FX Prime, talk to Farah Khalique about the bank’s plans to offer clearing services for FX products
CIBC euro view based on expected ECB rate hike
The Canadian bank expects EUR/USD will fall back to 1.37 following ECB action as FX markets await outcome of Fed meeting at the end of April
Social media finds a foothold in FX
Banks are evaluating the value that can be delivered to the foreign exchange business by investing in social media. What are the potential benefits and challenges of using such tools? Chiara Albanese reports
Dollar weakness: Passing fad or long-term reality?
The weakness of the US dollar has been a dominant theme so far in 2011, with many strategists predicting the currency will remain on a weak footing for some time. Miriam Siers speaks to currency strategists about the prospects for the dollar in the…