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Forex Flash: Euro area to move toward fiscal integration – Danske Bank
September 20, 2011FXstreet.com (Córdoba) – The main scenario for analysts at Danske Bank is that the debt crisis and… For more information, read our latest forex news. FXstreet.com: Latest News
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Swiss National Bank Intervenes CHF Weakens USD Gains
September 8, 2011Yesterday the Swiss National Bank announced that they would take unprecedented measures to weaken the Swiss Fanc. They have stated that their intention is necessary to coerce the currency into a stable state above 1.20 EUR/CHF. The announcement saw one of the biggest moves seen in the currency markets for a decade. Read more … [...]
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Forex Flash: EUR/USD pointing to the upside, medium to longer term – Danske Bank
August 15, 2011FXstreet.com (Córdoba) – The debt crisis continues to put pressure over the Euro. Recent decline in… For more information, read our latest forex news. FXstreet.com: Latest News
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France Backs Draghi, Building Support for the Bank of Italy Governor for ECB President
April 27, 2011Broad based support seen growing for Draghi Mario Draghi, the governor of the Bank of Italy, is garnering wide support, and could be the next ECB president. The most recent endorsement for Draghi comes from France, following the support offered by Germany’s finance minister last week. Current ECB president Jean-Claude Trichet will be stepping down [...]
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EURO UNDER PRESSURE AS SPANISH BANK REFORM LOOMS
April 15, 2011The dollar remains generally weak, hitting a fresh 16-month low against a basket of currencies in early morning trade as markets remain convinced that the Federal Reserve will keep its loose monetary policy, widening interest rate differentials in favour of higher-yielding currencies. According to Beige Book released last night (which will form Read more … [...]
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Bank of Canada Leaves Rates Steady; Looks for Hike Sooner than Expected
April 13, 2011Loonie stymied in forex trading The Bank of Canada announced that it would keep its benchmark interest rate steady at 1%. The news has the loonie lower in forex trading against the greenback. The decision was expected, but that didn’t help forex traders feel better about it. However, the outlook for the Canadian economy is [...]
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Deutsche Bank FX – A Review
March 22, 2011Online Forex Broker Rating: 8 out of 10 stars Deutsche Bank FX Basics Deutsche Bank FX is the online foreign exchange trading service of Deutsche Bank AG. The service was developed and designed for individuals and small institutions. The bank itself was first founded in 1870, originally specializing in foreign trade for Berlin. DbFX was [...]
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Bank of Tokyo Recommends Buying Canadian Dollar Instead of U.K. Pound
December 16, 2010Loonie in forex trading Now is the time to start positioning yourself so that you are selling sterling against the loonie in forex trading, according to the Bank of Tokyo. In a note to investors, the Bank of Tokyo laid out its case. BusinessWeek reports on the assessment made by the Bank of Tokyo: “Divergences [...]
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CitiFx Forex Broker Review
November 5, 2010CitiFx (Pro), a Forex Brokerage Service, by Citibank and Saxo Bank of Denmark Year founded: 2007 Locations: New York Average Spread: 2-4 pips Minimum account size: $10,000 Leverage: 50:1 Accepts US clients: yes Regulated by: Federal Reserve, OCC Dealing desk: yes Broker Overview CitiFx, an extension of Citi’s forex institution brokerage service, launched in November [...]
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Strong Aussie Here to Stay
November 2, 2010The strong Aussie dollar is here to stay, believes Kathy Lien, director of currency research at GFT. Meanwhile, Tai Hui, regional head of economic research, SE Asia at Standard Chartered Bank, tells CNBC’s Martin Soong why he expects the RBA to continue
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Deutsche Bank FX – A Review
November 1, 2010Deutsche Bank FX Basics Deutsche Bank FX is the online foreign exchange trading service of Deutsche Bank AG. The service was developed and designed for individuals and small institutions. The bank itself was first founded in 1870, originally specializing in foreign trade for Berlin. DbFX was founded in May 2006 in response both to the [...]
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Why is the Japanese Yen Still Rising?
October 29, 2010Most of today’s headlines regarding the Japanese Yen focus on one thing: Central Bank intervention. Basically, reporters have become focused on the likelihood of additional intervention in the currency markets by the Bank of Japan. However, this obsession has caused them to overlook the larger issue: Why is the Yen still rising? I was prompted [...]
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Passive Currency Investing Rises in Popularity
October 9, 2010Those who read the most recent Bank of International Settlements (BIS) Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity know that daily forex turnover rose 20% over the last three years, to $4 Trillion. According to the official data, the vast majority of participants are financial institutions and the like, which would [...]
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Interview with Marc Chandler: “You Win Through Discipline.”
September 21, 2010Today, we bring you an interview with Marc Chandler, the global head of currency strategy for Brown Brothers Harriman. Previously he was the chief currency strategist for HSBC Bank USA and Mellon Bank. Marc is a prolific writer and speaker whose essays have been published in the Financial Times, Barron’s, Euromoney, Corporate Finance, and Foreign [...]
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Trading In Emerging/Exotic Currencies Increases
September 2, 2010The long wait is over! The Bank of International Settlements (BIS) has just released the results from its Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity, conducted in April 2010. The report contains a veritable treasure trove of data, perhaps enough to keep analysts busy until the next report is released in [...]
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Boom Time for Forex
July 30, 2010It has been three years since the Bank of International Settlements’ last report on foreign exchange was released. Since then, analysts could only speculate about how the forex market has evolved and changed. The wait is now over, thanks to a huge data release by the world’s Central Bank, which showed that daily trading volume [...]
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STERLING SUFFERS HEAVY LOSSES ON WEAK HOUSING DATA
July 8, 2010Interest rate decisions from the European Central Bank and the Bank of England headline the economic calendar. While any significant changes in the key elements of monetary policy are unlikely in both cases, the outcomes may still prove to stoke significant volatility around currency markets. The BOE is expected to deliver the first policy announcement [...]
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JGB boost on monetary easing
March 5, 2010FXstreet.com (Barcelona) – Japanese government bond futures reached a fresh 2-month high on Bank of… For more information, read our latest forex news.
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BoE leaves Bank Rate unchanged at 0.5% and bond buying program on GBP 200B
February 4, 2010FXstreet.com (Barcelona) ‘