Euro
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
Eurodollar will break out of 1.4 range by year-end, says SEB
A contrarian view taken in late May that EUR/USD would rise to 1.44 over three months lands SEB at the top of this week’s three-month forecast rankings
Corporates cover their backs with longer-dated options
Corporate hedgers buy longer-dated options amid increased volatility in foreign exchange markets, say market participants
Taking stock of 2011: the euro
The challenges 2011 has already thrown at foreign exchange market participants have been multi-faceted, ranging from a tough trading environment in major currency pairs to the preparation for new trading and clearing regulations. In the first of a series…
Options traders braced for further SNB intervention
Demand has switched from downside EUR/CHF options to upside options in anticipation of further Swiss franc weakening measures from SNB, say senior options traders
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
TD Securities: Eurodollar lacks directional dynamism
Accurate prediction that the euro would rise against the dollar following the ECB's latest rate hike puts TD Securities at the top of the one-month rankings
FX Week USA 2011: Delegates talk strategy
Farah Khalique talks to delegates and presenters at FX Week USA about the trends driving currency markets in 2011
Greece’s second bailout met with relief
Traders and strategists believe latest rescue package is a positive development, but expect further pain ahead as it is implemented
Scotia Capital goes bearish on sterling
Canadian bank anticipated a fall in cable during the second quarter, landing it at the top of the three-month forecast rankings