Goldman Sachs has released the first six of
its ten top trades for 2016, including two FX recommendations, against an
“unusually uncertain” backdrop of Fed rate hikes, ECB easing and volatile oil
and metal prices.
The bank says that while the ...
AUD: The Ghosts of Overshoots Past
The AUD has sailed through levels which would be
considered fair relative to domestic economic
fundamentals and has begun to provide a stimulatory
tailwind to the non-mining economy.
Our analysis suggests that this is ...
By Callum Henderson, FICC Research, Standard Chartered Bank and Eddie Cheung, FICC Research, Standard Chartered Bank (HK) Limited
In the wake of the 11 August ‘adjustment’ to the USD/CNY fixing mechanism, markets have focused on the likelihood of a major ...
The US Federal Reserve
Bank has decided not to raise key interest rates in September, with chairwoman
Janet Yellen citing concerns about a global economic slowdown, low inflation in
the US and volatile stock markets as the reason for this ...
A new report from
academics based in Switzerland argues that FX liquidity often evaporates in
times of market distress, adding to the recent ongoing debate on this issue.
Profit & Loss editor, Colin Lambert, noted in
his recent column that there ...
As many prime brokers continue to withdraw their services from smaller clients, the prime-of-primes are seeing more business come their way. Galen Stops looks at the implications of this trend for the FX market and asks whether it is a ...
The recent Chinese currency devaluation and
the country’s ongoing struggle with its plunging equity markets, were likely
the key trigger for the contagion that rocked financial markets globally last
week.While the sharp losses recorded in equity,
currency and ...
The global financial
markets have been on something of a roller-coaster ride recently following the
events in China.There has been a
sudden decline in the onshore Chinese equity market, a subsequent sharp
depreciation in commodity markets and the People’...
Researchers at the Federal Reserve Bank of New York have
published a new blog showing that the FX spot market showed much less price
continuity in a March 18 flash event than in comparable events in the US
equities and US ...
China’s central bank vice-governor Yi Gang said today
that the country will quicken the opening of its foreign exchange market and aims
to attract more foreign investors as it liberalises its financial markets.Speaking at a press conference this ...