Euro
Barclays Capital maintains FX lead in the UK
Despite dropping two places in the overall rankings, Barclays Capital has maintained its leading position in the London market as well as in GBP/USD, EUR/GBP and e-trading
Deutsche scoops top FX award for third successive year
Having carefully tailored its product innovations to the challenging market conditions, Deutsche Bank picks up six awards in the 2011 Best Banks survey
Standing out from the crowd with forecast of yen strength
RBC Capital Markets scoops all three forecast awards on USD/JPY after taking an accurate view that the consensus forecast of yen weakness was not supported by fundamentals
Political crisis in Europe brings volatility back to FX options
Volatility returned to eurodollar last week as FX traders priced further downside risk into euro options
Accurate yen view lands Nomura and 4Cast in dead heat
Nomura and 4Cast jointly top this week’s one-month rankings after accurately predicting intervention would weaken the yen
The eurozone is not 'Hotel California', says BNY Mellon strategist
Simon Derrick stresses eurozone membership is not interminable and believes the likelihood of Greece leaving the eurozone is now the most plausible option following the events of last week
Eurozone members expected to decrease, Bloomberg survey finds
The results of the vendor’s latest industry poll suggest the number of countries in the eurozone will fall within the next five years
UniCredit hits top with spot-on euro forecast
Strategists at the Italian bank took an accurate view at the end of September that EUR/USD would rise to 1.40, landing it at the top of the one-month rankings
Eurozone deal brings relief in FX spot and options
Risk sentiment appeared to make a comeback in FX markets yesterday as options volatility fell from record highs and the euro rallied in response to the deal announced after the Euro Summit in Brussels
Record FX profits driven by volatility and hedging, say Deutsche and UBS
A perfect storm of volatile currency moves, intervention from the SNB and frenetic hedging activity have contributed to unusually high FX revenues and volumes in the third quarter, say Deutsche Bank and UBS
EUR/CHF options market springs into life
Traders report sustained levels of activity in the five-year EUR/CHF options market as hedgers protect against long-dated downside risk
Central banks shy away from euro reserves
New data from the IMF’s currency reserves database suggests reserves accumulation has slowed during 2011 and the appetite to hold euro reserves has also waned, particularly on the part of emerging market central banks
Euro depreciation was inevitable, says TD Securities
TD Securities tops the 12-month forecast rankings with predictions of a negative outlook for the euro
Eurozone crisis boosts September spot volumes
Falling confidence in the eurozone and the flight to and from commodities-based currencies has resulted in record volumes, platforms report
Eurodollar will continue to fall, claims Saxo
A three-month forecast that EUR/USD would fall to 1.35 puts Saxo at the top of this week’s rankings, but the Danish bank sees further euro depreciation ahead
Demand for euro puts surges as crisis deepens
Investors and speculators pile into euro put strategies as eurodollar spirals and further depreciation is predicted
Prepare for further black swan events in FX, corporates urged
Corporate treasurers should make sure their forex counterparties are properly prepared for the possibility of further black swan events in the FX markets, senior Lloyds banker tells ACT conference delegates in Manchester
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
Central banks take aim at dollar-funding shortage
Co-ordinated action from five central banks eases the pressure on dollar funding for European banks, but EUR/USD cross-currency basis swap market remains under stress
BAML wins with correct bearish euro call
Europe has a number of ‘mini land mines’ that could blow up, says strategist at the US bank
Long Swiss franc players hit by SNB move
Sudden depreciation of the Swiss franc, following an SNB announcement last Tuesday that it would buy unlimited amounts of foreign currency, has left some participants nursing hefty losses.
Sterling: an old story gets interesting
Sterling has declined in popularity in recent times, but deteriorating economic conditions elsewhere mean it has started to look more attractive, argues Elsa Lignos
SNB faces battle to maintain franc currency floor
Swiss National Bank pledges to set minimum euro exchange rate at Sfr1.20, but analysts express concern over central bank’s ability to maintain exchange rate floor
Options traders sense SNB running out of steam
Options traders are betting on further appreciation of the Swiss franc, following comments from the Swiss economy minister that Switzerland will have to put up with a strong currency