Eurozone
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
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
The Canadian dollar: to hedge or not to hedge?
The Canadian dollar weakened significantly against the greenback in the last two weeks of September, moving from parity on September 21 to 1.0461 on September 30. Farah Khalique talks to currency strategists about what’s driving the Canadian dollar’s…
Spotlight on: Mike Harris, Campbell & Company
The director of trading at commodity trading adviser Campbell & Company talks to Miriam Siers about the current trading environment and the challenges in the market for buy-side traders
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…
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
AUDIO: Get ready for crisis 2.0
Nick Beecroft, senior markets consultant at Saxo Bank in London, warns that financial markets are at the brink of crisis 2.0.
View from a global head of FX
Tim Carrington, global head of FX at Royal Bank of Scotland, talks to Farah Khalique about the exceptionally poor liquidity in FX markets in recent weeks and why he remains bearish on the US dollar but bullish on sterling and the yen
CBA forecasts accurately navigate summer of discontent
Australian bank’s expectations on the direction of eurodollar and cable land it at the top of both the one-month and 12-month forecast rankings
FX Week USA: Recovery has taken a nose dive, IMF warns
Monetary and capital markets deputy director Christopher Towe tells conference delegates that ongoing vulnerabilities could sow the seeds of the next crisis
Crédit Agricole’s euro view turns from bull to bear
French bank accurately predicted euro would not plummet over the past month, but turns bearish over the next year
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.
CMC rises as euro falls post debt crisis
CMC forecast euro to fall as the debt crisis intensified in March 2010
The euro: Up or down?
Nearly a year after the eurozone sovereign debt crisis erupted, we talk to four currency strategists to ascertain the prospects for the European currency over the coming year and identify the euro bears and bulls
Eurozone faces “intractable” problems, says BarCap economist
Eurozone faces stunning economic and financial challenges, said Julian Callow, chief European economist at Barclays Capital.
Subterranean euro-sick blues
The sovereign debt crisis is not going away, and will drive much of the action in the first quarter at least, writes Marc Chandler, global head of currency strategy at Brown Brothers Harriman in New York
Contrarian view boosts RBC to top of the 12 month rankings
RBC Capital Markets (RBC) topped the 12-month currency forecast rankings by maintaining its contrarian view on yen and Swiss franc strength.
Policy centralisation key to future of Eurozone, says Goldman’s O’Neill
Success or failure of the Eurozone hinges on Germany ‘laying down the law’, according to chairman of Goldman Sachs Asset Management.
Wells Fargo puts faith in commodity currency growth
Wells Fargo topped this week's three-month forecast rankings with expectations for moderate US dollar weakness against a backdrop of increased instability in Europe, the UK and Japan.
BarCap predicts trouble ahead for the euro
Barclays Capital dominated this week's one-month forecast rankings with expectations for the euro to benefit from a seemingly hawkish stance by the European Central Bank (ECB).
TD Securities: Euro will benefit most from QE
TD Securities has topped this week’s three-month currency forecast rankings based on expectations for the eurozone sovereign debt crisis to drive ongoing euro weakness.
Wells Fargo: Commodity currencies power ahead
Wells Fargo topped this week’s one-month currency forecast rankings with expectations for commodity and emerging market currencies to benefit from the US Federal Reserve policy of maintaining high levels of liquidity.
OECD warns on global slowdown
G-7 growth set to slow to 1.5% in the second half of the year; chief economist advocates more QE if slowdown does become entrenched
CBA on top as eurozone attempts to resolve debt crisis
Commonwealth Bank of Australia (CBA) topped the three-month forecast rankings with expectations for the euro to get a boost by some resolution of the eurozone sovereign debt crisis.