Tag: forex industry

August 18, 2014 BY Mike Fox

Danny Wise joins Citigroup as European Head of G-10 FX

The Wall Street Journal is reporting that Citigroup Inc. (NYSE:C) has appointed Danny Wise as European head of G-10 foreign exchange trading in London, according to people close to the matter. Mr. Wise, who starts at the bank Monday, left Credit Suisse in May as part of a cost-cutting plan. The appointment of Mr. Wise…

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August 07, 2014 BY Mike Fox

CLS July avg daily volume down 9.8%; average daily value down 13.7%

CLS, which operates the largest multi-currency cash settlement system to mitigate settlement risk for the FX transactions of its members and their customers saw a fall back in volume activity for July. Alexander Filshie, Chief Financial Officer, CLS: ”The average daily volume submitted to CLS in July 2014, combining the settlement and aggregation services, was…

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August 04, 2014 BY Mike Fox

Bloomberg News ranks FXStreet’s Twitter profile among the top in its field

FXStreet News is ranked top worldwide among Twitter users of currency-market analysis, according to data compiled by Bloomberg based on followers, retweets and frequency of posts being tagged as a ‘favorite’.” This is part of an article published this week in Bloomberg News regarding FXStreet and its influence in foreign-exchange markets. FXStreet has been mentioned as…

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July 30, 2014 BY Mike Fox

Global foreign exchange committee data confirms low Forex turnover...

Traders overall have been lamenting the low volatility, low volume environment seen in 2014, but FX traders in New York have been especially downbeat, with good cause. Semi-annual central bank FX volume data, released earlier this week from the the Foreign Exchange Committees in North America, UK, Canada, Australia, Singapore and Japan, confirmed that daily…

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July 14, 2014 BY Mike Fox

FX CFTC CoT sentiment data; Where will volatility come from next?

A quick note on the sentiment of traders coming from futures data from the CME reported by the CFTC. Traders are bearish EUR, JPY and CHF, with net positions of ‐$10bn, ‐$8bn and ‐$1bn, respectively and bullish GBP, AUD, MXN, NZD and CAD; with net positions of $4.5bn, $3.4bn, $2.7bn, $1.3bn and $1.0bn. However, Camilla Sutton, Chief FX strategist at Scotiabank commented that this week’s data is interesting as it provides the first warning signal for EUR bears and GBP bulls as the EUR short position failed to build and traders began to close out GBP longs. These crowded positions in EUR and GBP could signal an uptick in trading activity this week as there…

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