FMSB Proposes Statement of Good Practice on Conflicts of Interest

The FICC Markets Standards Board (FMSB) has published a transparency draft of a new statement of good practice on conflicts of interest – the ninth such statement since it was established in 2015. The primary aim of the latest statement is to provide guidance for FICC market participants as they consider ways in which to […]
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Has FX Become Divorced From Geopolitics?

Despite the geopolitical situation worldwide becoming more volatile, FX markets have stayed relatively idle, leaving speakers at the Profit & Loss Forex Network London event to wonder what has caused this disparity. In recent months, news of geopolitical volatility – from Brexit woes to an intensifying trade war between China and the United States – […]
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Refinitv Adds to China Service

Refinitiv has enhanced its data on China to meet demand from the global financial community for increased insight into Chinese trade and investment opportunities, by addingcomprehensive data from the China Foreign Exchange Trade System (CFETS), the main FX and fixed income venue for China, to its data platforms Elektron and Eikon. The firm says this […]
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Five on Friday: What Happened in Markets This Week

Lizzy Birmingham provides a brief roundup of the major FX moves this week, and the drivers behind each. 1) SNB Upholds Ultra-Loose Policy The Swiss franc was up 0.2% to 1.12127 per euro on Thursday following Swiss National Bank (SNB) president, Thomas Jordan’s, announcement to maintain loose monetary policy. In an interview with Bloomberg, Jordan […]
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FlexTrade Expands Focus in France

FlexTrade has expanded staff levels at its Paris office. FlexTrade has appointed Rushani Caiola as fixed income account manager and three new technical analysts within the company’s implementation and client services support teams for fixed income and FX. The company attributes its new hires to an increased demand in sales and service for its growing […]
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Research Contradicts US Officials on USD Strength

A research note today from Societe Generale found that, despite claims from senior US officials, the USD has generally weakened against other major currencies over the last two decades. This announcement comes after a press conference on Saturday, where US Treasury Secretary Steve Mnuchin argued that by not intervening to support the yuan, the Chinese […]
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Five on Friday: What Happened in Markets This Week

Lizzy Birmingham provides a brief roundup of the major FX moves this week, and the drivers behind each. 1) Euro Climbs Following Draghi’s Rate Hike Delay On Thursday, the euro climbed 0.6%, reaching a seven-week high of $1.1290 against the USD. This increase in value came following ECB President Mario Draghi’s announcement that the ECB […]
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Five on Friday: What Happened in Markets This Week

Lizzy Birmingham provides a brief roundup of the major FX moves this week, and the drivers behind each. 1) US Economy on “Recession Watch” says Morgan Stanley This Tuesday, chief US equity strategist at Morgan Stanley, Michael Wilson, warned investors of a possible upcoming US recession. In a note to clients, using recent data highlighting […]
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Five on Friday: What Happened in Markets This Week

Lizzy Birmingham provides a brief roundup of the major FX moves this week, and the drivers behind each. 1) Pound Temporarily Bounces Back after May’s Resignation Today, British Prime Minister (PM) Theresa May announced her resignation, set for Friday, June 7. May’s announcement comes after three failed attempts to pass a Brexit deal, confirming mass-speculation […]
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The FX Global Code – Has it Made a Difference?

The FX Global Code of Conduct remains one of the biggest initiatives in the foreign exchange industry for many years, wide a wide spectrum of different market participants around the world participating in the creation of the principles contained within it. But given that the Code was introduced to address a specific issue – evidence […]
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