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Goldman Says Go Long USD Against EUR, JPY in 2016 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 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 ...
CNY: Finding stability in instability 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 ...
Fed Decides Against September Rates Hike 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 ...
FX Liquidity: Here Today, Gone Tomorrow? 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 ...
A New Paradigm for Prime Services

in Analysis, Markets

A New Paradigm for Prime Services

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 ...
China Needs to Balance Domestic Growth and International Confidence 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 ...
EM Currencies Set to Trade Lower Still Following Chinese Roller-Coaster? 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’...
NY Fed Research Compares FX, Treasury and Equities Flash Events 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 ...
Is China Really Committed to Market-Oriented Reform? 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 ...