Foreign exchange
GFT: US dollar set for a fall
GFT topped the one-month currency forecast rankings this week with expectations for the European debt crisis to supersede US fiscal shortcomings as a driver of US dollar moves.
Trading Places, July 12, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
BarCap loses two in vanilla options
LONDON – Barclays Capital (BarCap) has lost two from its vanilla options team in London, the UK bank confirmed.
China's yuan de-pegging: implications for Asia and the world
Callum Henderson, global head of FX strategy and Thomas Harr, senior FX strategist, at Standard Chartered in Singapore, predict the effects of China's yuan de-pegging on Asian currencies
Skowronski takes the lead at Alpari
LONDON & NEW YORK – Daniel Skowronski has joined the executive management team of Alpari, a provider of online FX trading services
CME posts record June FX volumes
CME posted record average daily FX volumes in its lastest monthly figures
Lutton and Yi resurface at Nomura
NEW YORK - Chris Lutton and Christina Yi are tipped to resurface at Nomura in New York, according to market sources
Dodd-Frank: forex swap clearing exemption at Treasury secretary’s discretion
Blanket FX exemption dropped from final bill; Treasury to determine issue
CMC: euro's loss is dollar's gain
CMC Markets (CMC) has topped the one-month and three-month currency forecast rankings with a euro-bearish, dollar-bullish stance
RBC hires new head of EMEA strategy
LONDON – RBC Capital Markets (RBC) has hired Robert Beange as a managing director and head of strategy for Europe, the Middle East and Africa (EMEA), it announced on June 28.
Bache adds to London FX team
LONDON – Bache Commodities, a subsidiary of Prudential Financial, has hired Jonathan Webb as head of FX strategy and George Tsiourvas as a vice-president in FX sales.
Eurozone fiscal woes could be eased by EM exposure
Countries with sovereign debt problems, such as Spain, could benefit from their exposure to emerging market assets and currencies
Deutsche makes two senior hires in Moscow
MOSCOW – Deutsche Bank has hired Bulent Ilgun as head of treasury, and head of rates and FX trading in Russia, it announced on June 30. It also announced the hire of Evgeny Monakhov as head of equity sales for Russia.
Trading Places, July 5, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
In Brief, July 5, 2010
Read this week's In Brief to stock up on the latest technology news around the FX world.
Credit Suisse continues Asia build
HONG KONG - Credit Suisse made a significant push to expand its presence in the foreign exchange market in the Asia-Pacific, with six sales hires in Japan, Singapore and Hong Kong.
Deutsche loses two in San Fran but gains in New York
SAN FRANCISCO & NEW YORK - Deutsche Bank has lost two foreign exchange salespeople in San Francisco but gained one in New York, according to market sources.
In Brief, June 28, 2010
Read this week's In Brief to stock up on the latest technology news around the FX world.
Super-competitive core won’t stop euro losses
The euro’s 'peripheral risk premium' has continued to rise through the bounce in EUR/USD. A super-competitive and rapidly recovering core won’t stop it rising further. Tighter policy in the core raises the deflationary benchmark for the periphery, adding…
FXCM gets technical, tops one-month table
FXCM topped FX Week's one-month forecast rankings for the first time this year by focusing on technical analysis.
Trading Places, June 28, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
Popofsky quits BNPP
NEW YORK – Garry Popofsky resigned from BNP Paribas yesterday (June 24), according to an internal memo.
UBS hires former BarCap sales duo
LONDON – UBS has hired George Athanasopoulos and Richard Longmore in senior sales positions in London, according to internal sources.