Euromoney FX News
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LATEST ARTICLES
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A boutique broker renowned for the accuracy of its currency forecasts has warned that a no-deal Brexit could see the pound fall to parity with the euro by the middle of next year.
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Some of the proffered solutions to the difficulties of attracting real money into the cryptocurrency market continue to be of the ‘which came first’ variety, such as the hope that increased liquidity from market maturity will lead to reduced volatility.
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As few as eight significant multi-dealer platforms could remain standing after further rounds of consolidation sweep the sector, predicts a new report.
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FX data providers are surprisingly coy when it comes to discussing the extent to which they have shaken up a market that has been described as ripe for disruption.
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The prime brokerage market will be hoping for a boost from the imminent launch of BNY Mellon’s new service, which will represent a reversal of the trend for larger banks to leave the space.
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Pragma has attempted to provide some clarity to the little-understood phenomenon of flash crashes by providing a definition of the term for the first time, which it hopes will encourage further study of these market dislocations.
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Banks consistently offer more competitive prices in spot FX than their ECN counterparts — for all but a few minutes per day — according to research conducted by Pragma, a provider of algorithmic trading technology.
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The regulatory probe into allegations that traders have colluded to manipulate the $5.3-trillion-a-day foreign exchange market has some way to run, but some investors are pre-empting the results with technologies they say will help them reduce their reliance on industry benchmarks.
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The People’s Bank of China moved this week to lift a $1 billion cap on a sovereign-level onshore investment window. But will central banks and sovereign wealth funds take the bait?
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The resilience of the euro after last week’s European Central Bank (ECB) meeting reflect concerns that other main central banks could pursue further easing measures, but negative rates and weak demand for eurozone assets do not bode well for the single currency.
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The US Commodity Futures Trading Commission’s (CFTC) division of swap dealer and intermediary oversight has exempted swap dealers and leading swap participants from the requirement to disclose pre-trade mid-market marks to counterparties in certain FX transactions.
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The flow of FX trades processed through Thomson Reuters’ market-leading service continued to decline in November after a tepid October.
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Average daily volumes (ADVs) on EBS, Icap’s electronic FX trading platform, rose in November after hitting an all-time record low in October.
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The shock announcement that Mark Carney, Bank of Canada (BoC) governor, is set to take the helm of the Bank of England (BoE) has boosted the pound, but don’t forget the Canadian dollar.
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Attempting to hold on to a long USDJPY position has been frustrating in recent months, as Japan’s trade position has deteriorated and tensions with China have escalated, but the time could finally be ripe for a push higher.
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The US Treasury decision to exempt FX swaps and forwards from regulation under the Dodd-Frank Act should not be a surprise to anyone participating in the FX markets.
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Tradable has launched a new FX platform it believes will revolutionize the world of online retail trading.
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The Swiss National Bank (SNB) could be in for a challenging end to the year as the pressure on the floor in EURCHF intensifies, warns UBS.
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Here we go again, lets jump on the beat up high frequency trading band wagon.
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With volatility in the FX market hitting its lowest level since before the start of the financial crisis, many are looking for the trigger that will push currencies out of the tight ranges that have held in recent months.
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Reserve data from Australia has sparked speculation that the Reserve Bank of Australia (RBA) is leaning against strength in the AUD, but the notion that it will follow Switzerland and adopt a more aggressive approach to its currency’s resilience is wide of the mark.
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The Hong Kong Monetary Authority (HKMA) has intervened for the first time in three years to keep the HKD in its trading band against the dollar, a move that should lend further support to the euro but could be the start of the unravelling of the city’s currency regime.
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Jim O’Neill, chairman of Goldman Sachs Asset Management, has delivered an upbeat assessment of the eurozone crisis, arguing the market has failed to fully appreciate the significance of the European Central Bank’s (ECB) pledge to do whatever it takes to save the euro.
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Once upon a time, the FX markets were easier to trade. Currencies traded on their macroeconomic fundamentals, unimpeded by politics, and unconventional monetary policy. The carry trade was king.
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There has been tough talk from Brazil after the Federal Reserve’s decision to implement QE3, but speculation of a re-emergence of global currency wars is wide of the mark.
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The eurozone debt crisis is going to escalate once the US elections are out of the way, argues leading Russian investment bank VTB.
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EM reserve managers are starting to accumulate funds on a scale not seen for more than a year – a development that is likely to keep FX volatility down at its current low level and encourage investors into carry trades.
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One year on from the introduction of the floor in EURCHF, the odds may be beginning to turn in the Swiss National Bank’s (SNB) favour, with speculation emerging that the central bank could lift the minimum price level.
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China’s attempts to internationalize the renminbi have suffered a setback amid expectations that the currency will fall in value. -
Decreasing demand for European currencies that lie outside of the eurozone suggests that investors have increased faith that policymakers within the currency union can resolve the region’s debt problems.
