Poland Takes a Step Closer to EU Entry

  By Sian Jones, Currency Strategist, MCM Polish aspirations of full European Union entry will take a step closer to fruition with a free float of the zloty in the first half of this year, but could create a headache for the National Bank and Ministry of Finance in the form of unwanted currency strength. […]
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NAB Restructures Regional Operations Across Asia

Over the next six months, National Australia Bank (National) will be restructuring its operations in the Far East to refocus on competitive areas of strength, says Jeff Mitchell, general manager, Asia, based in Hong Kong. The bank is focusing in four core centres – Hong Kong, Singapore, Korea and Japan – and will expand in […]
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CBA Issues First “Trigger” Currency Warrants in Australia

Commonwealth Bank listed Australia’s first AUD/USD “trigger” currency warrants on the Australian Stock Exchange (ASX) on 25 November. Rick Lloyd, CBA’s global spot FX trading manager in Sydney, says the fixed pay out makes the warrants an easier means of hedging for customers. CBA’s offering marks its first venture into the currency warrant market. In […]
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Euro Leads to Drop in FX Derivatives Trading Says BIS

The Bank for International Settlements (BIS) has found a sharp reduction in trading of foreign exchange derivative contracts, although these contracts still account for the second largest sector behind interest rate instruments. The findings were published in the BIS’s latest semi-annual report on positions in the global OTC derivatives market, which was released on 24 […]
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Market Pays Respects to Duncan Edwards

On Thursday, 16 December, the foreign exchange market observed a minute of silence in respect to Duncan Edwards, 40, who passed away last month after a short illness. Duncan was very well respected throughout the foreign exchange industry. He entered the market in 1979, when he joined Societe Generale in London as a junior dealer. […]
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Q & A With Titan Capital Management Ltd

Company Name: Titan Capital Management Ltd Address: London Contact Name: Graham May / Ashok Patel Phone Number: 0207 484 3500 Fax Number: 0207 484 3550 E-Mail: Ashok@titancapital.co.uk Product Name: Titan-Advanced Currency Program Product Assets: US$ 11 million (notional) Total Assets Under Management: US$ 85 million Firm Inception Date: 1985 Number of Employees: Seven   Return […]
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Inflation the Euro and the Euro Yield Curve: Why the Euro remains weak…

By Andres Drobny, DrobnyStromeGlobalTrading, LLC The first anniversary of the euro is not a happy one. Its performance during its first year of existence has been a deep disappointment to many, especially in recent months. European growth has been accelerating at a time of some slowing in the US. This rebalancing of growth towards Europe […]
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Rates to Zig-Zag in 2000

By Michael Burke, B&M Research, London The world economy is suffering a capital shortage. This capital shortage, rather than any real threat of inflation, lies behind the decisions of many central banks to raise interest rates. Those leading economies that are experiencing a net outflow of capital are obliged to raise interest rates in order […]
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Slovak Koruna Benefits from Favourable Market Sentiment

By Caroline Byth, Thomson Financial, London Ever since the exchange rate fluctuation band was abandoned, the Slovak koruna has, for the most part, been seen gradually depreciating. Looking at the koruna against its reference currency, the euro, the exchange rate depreciated from about EUR/SKK 43.0 in early January to EUR/SKK 48.3 on 19 May, 1999 […]
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Stop That Loss

by Dr Mark Thomas and Dr Jessica James, Bank One, London Run profits and stop out losses. This is one of the first lessons spot traders are taught. But does it work? It implies that the returns from trading can be enhanced by systematically applying exit conditions. While many traders would agree that this is […]
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