European Central Bank (ECB)
Brakes remain on FX options clearing, despite regulatory easing
CPSS-Iosco working group ruled last week that CCPs do not have to guarantee settlement, but participants recognise the issue still has some way to run before options can be centrally cleared
Trading places, April 16, 2012
Appointments at Man Group, Renaissance Capital, Icap, TD Securities and Tabb Group, while HSBC loses head of eFX sales for Emea
Spotlight on: John Taylor, FX Concepts
The founder and chief executive of FX Concepts talks to Melanie White about the growth and diversification of the currency management firm over the past three decades, and his current views on major currencies
Timing a reversal of fortunes for the euro and yen
John Hardy, chief FX strategist at Saxo Bank in London, picks out the shifts in the status quo in the months ahead
CMC on top of ECB's 2011 rate hike reversal
CMC Markets accurately predicted the euro would rise and then fall as the ECB reversed its interest rate policy in 2011
Testing euro exit scenarios
London-based think tank Policy Exchange is now judging the entries to the Wolfson Economics Prize, which asked entrants to propose the best way for a country to leave the eurozone. Following the relatively mild impact of Greece’s default earlier this…
Cable stagnation forecast moves RBS to top
Royal Bank of Scotland’s February 3 forecasts for the euro, sterling and Swiss franc were spot-on, putting the bank at the top of the one-month rankings
Nomura's moderate take on euro fall proves accurate
The Japanese bank tops this week's three-month rankings, having forecast accurately on both EUR/USD and USD/JPY
Yield makes a comeback
Two months into 2012, Mitul Kotecha assesses the modest healing process that appears to have taken hold in currency markets after a period of marked risk aversion, and explains why yield is becoming a key factor influencing investor appetite
Buy US dollar rather than EM currencies as a euro alternative, says Schroders
Clive Dennis, head of currencies at Schroders, doesn't share the widespread enthusiasm for EM currencies and recommends investors should buy the dollar as an alternative to the euro
LTRO has jump-started currency investors out of risk aversion, says Pimco
Currency investors appear to have moved away from risk aversion and become more interested in high-yielding EM currencies as a result of the ECB’s refinancing operation, according to Pimco’s head of FX
Repositories must capture network analysis, says financial stability expert
Financial network analysis can be used to help regulators digest and understand the ‘data tsunami’ in the foreign exchange market, according to Kimmo Soramäki
EMFX: Go with the flow
Imran Ahmad, emerging markets strategist at Royal Bank of Scotland in London, says Hungary, Turkey and India stand to benefit from renewed support for emerging markets in 2012
AUDIO: Heading into the perfect storm
Nick Beecroft, senior markets consultant at Saxo Bank in London, takes a critical look at the year ahead and says markets could be heading for the perfect storm.
BAML: economic uncertainty favours yen
Bank of America Merrill Lynch tops the one-month forecasts with the view that the yen will remain strong in 2012
Trading places, January 9, 2012
New appointments at Alpari, FXecosystem and LCH.Clearnet, while SG CIB unveils a new management structure
Eurodollar in freefall, says TMS Brokers
A bearish short-term view on the euro lands TMS brokers at the top of the one-month forecast rankings
Euro: Staring into the abyss
As forex market participants prepare for a possible break-up in the eurozone and politicians increase the pressure to save the single currency, Miriam Siers talks to strategists and academics about the likelihood of a split and the implications for the…
Euro forecasting focuses on politics rather than fundamentals
Crédit Agricole, Rabobank and Westpac are ranked on top for their EUR/USD forecasts after accepting that political developments had become more important than economic fundamentals, especially in the short term
Regulators plan co-ops as answer to OTC fragmentation
CLS Bank-style regulatory council could be applied to trade repositories and CCPs to avert market fragmentation, but French regulators are not convinced
AUDIO: The Enronisation of Europe
Nick Beecroft, senior markets consultant at Saxo Bank, discusses the weaknesses in the EU bailout package, and the broader implications of a Greek referendum on the Eurozone
No more lifelines for Greece
Following a chaotic series of last-ditch efforts by political leaders to put together a solution to the troubles in the eurozone, Nick Beecroft believes the only viable option left is to transfer cash from the core of Europe to the periphery, through the…
Demand for euro puts surges as crisis deepens
Investors and speculators pile into euro put strategies as eurodollar spirals and further depreciation is predicted
Safe-haven appetite for Scandi currencies wavers
Despite the rush into the Norwegian krone and Swedish kronor following Swiss National Bank intervention on September 6, FX traders and strategists are lukewarm about the Scandi currencies' capacity to become long-term safe havens