Posts tagged 'Foreign Exchange'

Japan’s Noda watches strong yen

Joseph joined FT Alphaville way back in March 2010. He likes all the politically and legally fiddly bits of finance. He also likes credit, rates, global macro, tail risk, and all that stuff. (You should email him story ideas. He’ll take anything.)

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| Aug 12 2010 10:24 | Comment |

The Japanese finance minister has warned the government will take ‘appropriate action’ on the strength of the yen, while watching foreign-exchange markets, reports the WSJ. While the yen stabilised on Thursday, Yoshihiko Noda’s comments come a day after the dollar fell to a fifteen-year low against the yen, setting off fears over Japan’s export-led recovery even as US investors take fright at America’s trade gap. There’s been no intervention in Japan’s currency markets since 2004, Bloomberg notes, but Noda’s remarks come close to verbal intervention. Read more

What’s up with commodity currencies?

Izabella Kaminska joined FT Alphaville in October 2008. Before that she worked as a producer at CNBC, a natural gas reporter at Platts and an associate editor of BP's internal magazine.

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| Jun 30 2010 10:04 | Comment |

Having warned about increasingly negative sentiment towards the euro, Bank of New York Mellon’s Simon Derrick takes a stab at commodity currencies on Wednesday. In a nutshell, they are behaving oddly, reports FT Alphaville. More specifically, he says, they’re behaving very much like they did ahead of the 2008 mega sell-off. Read more

May’s market mayhem in FX settlements

Izabella Kaminska joined FT Alphaville in October 2008. Before that she worked as a producer at CNBC, a natural gas reporter at Platts and an associate editor of BP's internal magazine.

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| Jun 18 2010 18:55 | Comment |

June’s ECB Monthly Bulletin, released on Thursday, is turning out to be a treasure trove of enlightenment when it comes to what transpired inside the financial system in May.

We’ve already noted the critical dysfunctions the Bank observed in the money markets — which it said were comparable to the stresses experienced over the course of the Lehman collapse. Read more

Rise in Chinese FX reserves slows

Paul Murphy is the founding editor of FT Alphaville.

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| Apr 12 2010 19:16 | Comment |

China’s foreign exchange reserves rose by $47.9bn to $2,447bn by the end of the first quarter, compared with a $126.5bn rise in the fourth quarter of 2009, the Chinese central bank reported on Monday. The FT said the fact that China’s foreign exchange reserves were growing more slowly would provide Beijing with fresh ammunition in its debate with Washington over whether it intentionally undervalues the renminbi. Read more

The rise and rise of the corporate treasury trader…and Google

Izabella Kaminska joined FT Alphaville in October 2008. Before that she worked as a producer at CNBC, a natural gas reporter at Platts and an associate editor of BP's internal magazine.

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| Mar 23 2010 14:45 | Comment |

Why does Google need a government bond trader, or an analyst of agency mortgage backed securities? Why are corporates increasingly opting to manage their own treasury affairs? Does this suggest a loss of faith in banks’ ability to service and look after their needs, or is an indicators that corporates are just getting more experimental when it comes to outsmarting the competition outside their core competencies? FT Alphaville weighs in. Read more

No, it’s true – everyone is shorting the euro

Izabella Kaminska joined FT Alphaville in October 2008. Before that she worked as a producer at CNBC, a natural gas reporter at Platts and an associate editor of BP's internal magazine.

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| Mar 16 2010 14:28 | Comment |

We cautioned a few weeks ago that a little perspective was probably needed when discussing the “everyone is shorting the euro” story.

The CFTC data on which the stories were based, we argued, only reflected of a small sliver of the OTC forex market. Read more

Euro rise *alert*

Izabella Kaminska joined FT Alphaville in October 2008. Before that she worked as a producer at CNBC, a natural gas reporter at Platts and an associate editor of BP's internal magazine.

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| Feb 09 2010 08:26 | Comment |

We posted a dollar rise *alert* at the beginning of November based on some contrarian thinking in the market at the time.

And the contrarians did not do a bad job of calling the bottom in the dollar rout: Read more

FX is changing

Izabella Kaminska joined FT Alphaville in October 2008. Before that she worked as a producer at CNBC, a natural gas reporter at Platts and an associate editor of BP's internal magazine.

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| Dec 03 2009 09:00 | Comment |

Harpal Sandhu, chief executive officer of a systems firm called  Integral Development, is trying to change the way forex markets function.

Specifically, he wants technology to even-out the jagged playing field, where conflicts of interest abound and where rules apply to some market players but not to others. Read more

The return of capital controls, Indonesia edition

Izabella Kaminska joined FT Alphaville in October 2008. Before that she worked as a producer at CNBC, a natural gas reporter at Platts and an associate editor of BP's internal magazine.

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| Nov 18 2009 10:51 | Comment |

What’s this?

Another country touting the possibility of capital controls in a bid to protect itself from an appreciating currency? Read more

‘The dollar is the most crowded long in history’

| Nov 11 2009 15:45 | Comment |

So stop calling the current vogue for betting against the greenback a “crowded short”, says boutique brokerage Aviate Global.

And their logic is hard to fault. As the world’s de facto currency the world is, naturally, massively net long dollars. Hence: Read more

Aggressive FX marketing goes mainstream

Izabella Kaminska joined FT Alphaville in October 2008. Before that she worked as a producer at CNBC, a natural gas reporter at Platts and an associate editor of BP's internal magazine.

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| Oct 05 2009 10:12 | Comment |

We wrote last week about the extent to which retail investor money was contributing to growth in international foreign exchange trading, and to what extent Mrs Jones — the personification of the average yield-seeking western investor — was gaining ground on her Japanese equivalent Mrs Watanabe.

We also warned about the array of technological algorithms being marketed to Mrs Jones via the internet and other methods, in a bid to guide her inexperienced hand while promising in some cases far-fetched returns of more than 20 per cent a month in forex trading. Read more

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