Opinion
From crystal balls to digital options
Sometimes one just wants to know – how much can I lose? Evan Steed , vice-president and director, FX options at TD Securities in Toronto, looks at three funding possibilities that can hopefully reduce this uncertainty
Is the UK consumer a spent force?
Jeremy Stretch, FX strategist at Rabobank in London, looks at the economic backdrop, interest rate expectations and prospects for growth in the UK in 2006
Lesson from Refco: keep it transparent
Yes, this is the second editorial in a row that I have written about Refco, but I make no apology for it. There are too many important lessons to be learned from the collapse for the industry to be able to move on as if nothing had happened.
Globalisation, current accounts and the dollar
Many observers stubbornly think EUR/USD must rise to correct the US current account deficit, while others believe global imbalances are mainly about America's external deficit. Danske Bank's approach is slightly different, says Teis Knuthsen , head of…
Commodity currencies are set to sparkle in 2006, says Trevor Williams, chief economist at Lloyds TSB Financial Markets in London
Go for the currencies with the commodities
Preparing for Korean won under-performance in 2006
Standard Chartered’s economics and FX strategy team suggest ways to position for a weaker Korean won in 2006
Enigma – a cracking good model
Pete Eggleston, head of quant solutions at the Royal Bank of Scotland, financial markets, in London, discusses systematic trading of FX implied volatility using the 'Enigma' model
Thinking outside the US dollar
Marios Maratheftis, FX strategist at Standard Chartered in London, sees an end to the dollar's rally, and describes how high yielders together with Asian and African currencies are offering exciting opportunities
December 19, 2005
So another year has passed and foreign exchange has again seen the pace of change continue at a rapid rate.
The FX implications of the gold-oil ratio
In a week that has seen gold hit a 24-year high, more attention is being paid to the inter-relationship between prices of fuel and metals, specifically oil and gold, says Ashraf Laidi, chief currency analyst at MG Financial in New York
Time to get with the program
Banks are having to move rapidly to develop their platforms just to stand still. They have been launching new products onto platforms to meet demand from customers looking to do business in new ways, as shown by the increasing number of banks trading…
The passport option
Jeffrey Todd Lins, Director, Quantitative Analysis At Saxo Bank In Copenhagen, Suggests Passport Options As A Way To Maximise A Longer-Term View During Non-Trending Periods
Hedging profits effectively
Daniela Asikian, Senior Structurer At Hsbc In London, Shows How Companies Can Hedge Exposure From Overseas Profits Taking Advantage Of Current Forwards Rates
EDITOR'S LETTER: Korea change highlights Asian growth
Welcome to the new look FX Week . The redesigned newsletter will keep the best of FX Week while introducing a fresher look and offering more opinion.
Casting a wider net
Olaf Ransome, head of product development & support transaction services & solutions, Credit Suisse in Zurich, advocates that CLS should diversify into emerging currencies sooner rather than later
A change in balance
The market has bought the interest rate argument – and the dollar – in 2005. With the end of HIA related repatriation, the balance will change in the new year, writes Chris Furness, senior market strategist at 4Cast in London
Improved outlook for krona
The outlook for the Swedish krona has improved, but the impact will be felt in the crosses, where a topping pattern is developing, says Meg Browne, senior currency strategist at Brown Brothers Harriman in New York
Invest in a carry basket EMTN
Christine Lefort, global head of FX Structuring at Calyon in Paris, suggests a way to extract returns from FX-linked investments in a time of low rate differentials
Is the post-Plaza Accord era over?
Toru Umemoto, FX strategist at Barclays Capital in Tokyo looks at views for and against ditching the accord
A towering rate of return
Sara Sullivan, head of currency solutions at ANZ Investment Bank in London, presents a way of enhancing returns on deposits by taking a view on exchange rates
Focus on rates
With interest rates in the spotlight, Cyril Beuzit, global head of interest rate strategy at BNP Paribas in London, discusses what to expect next
A strategy for yen appreciation
With faster economic growth, yen appreciation will happen. It is just a matter of timing, says Trevor Williams, chief economist at Lloyds TSB Financial Markets in London
The benefits of petro-dollar diversification
The latest data suggests that Opec members have not been recycling oil revenues into US assets. This implies that diversification is likely to start soon, putting the dollar under significant pressure, however the timing is still uncertain, says Ian…