Currency Color

Currency Color A newsletter for forex & crypto traders. Get the latest news, information and accelerator programs.

…Rabobank, which was #1 in Bloomberg’s latest rankings of currency forecasters, is among the most negative. It sees the...
11/18/2019

…Rabobank, which was #1 in Bloomberg’s latest rankings of currency forecasters, is among the most negative. It sees the euro sliding more than 3% through the remainder of the year as growing global growth concerns hurt German exports and favor the dollar as a haven… Euro Naysayers See Gloom for Currency by Bloomberg via Economic Times (link to article: CurrencyColor co/bha)

…[PAYWALL] Citi is seeking to cut the total number of supported multibank platforms from 45 to 15 by the first quarter o...
11/18/2019

…[PAYWALL] Citi is seeking to cut the total number of supported multibank platforms from 45 to 15 by the first quarter of 2020...Citi is the first big bank to turn the tables on vendors and become more selective in its approach, at the risk of alienating some clients. But other rivals also gripe privately about the plethora of platforms and their associated costs… Citi Plans to Withdraw from Two-Thirds of FX Trading Platforms by Eva Szalay at FT (link to article: CurrencyColor co/asq)

…Interesting article by Businessweek reporters who get to watch two FX traders work during key moments in Britain’s move...
11/18/2019

…Interesting article by Businessweek reporters who get to watch two FX traders work during key moments in Britain’s move to exit the EU… The Always Exhilarating, Sometimes Lucrative Lives of Brexit Currency Traders by Kit Chellel & Gavin Finch at Bloomberg (link to article: CurrencyColor co/xqb)

…This is the sort of mess investors don’t like. Even though in the short term we have avoided a no-deal, that keeps a ca...
11/18/2019

…This is the sort of mess investors don’t like. Even though in the short term we have avoided a no-deal, that keeps a cap on sterling. We are going to try and avoid trading on hypotheticals and too many headlines. You want to miss out the noise and focus on longer term outcomes -Kacper Brzezniak of Allianz… Currency Traders Struggle to Unpick GBP Headlines by Anooja Debnath at Bloomberg (link to article: CurrencyColor co/tem)

…According to Greenwich Associates, algo trading in FX surged 25% over the past year...Despite the growing use of algori...
11/18/2019

…According to Greenwich Associates, algo trading in FX surged 25% over the past year...Despite the growing use of algorithmic trading, however, institutional and corporate FX customers didn’t shift further away from voice trading and to electronic trading last year… Algo Trading on the Rise in FX Markets by James Langton at IE (link to article: CurrencyColor co/mqw)

…The phenomenon of the dollar’s strength against emerging-market currencies during U.S. stock market sell-offs (the so-c...
11/18/2019

…The phenomenon of the dollar’s strength against emerging-market currencies during U.S. stock market sell-offs (the so-called "Dollar Smile") has diminished...A Bloomberg study on the performance of non-Asian developing nation currencies since 2000 shows dollar strength accompanying U.S. equity market corrections is becoming significantly less pronounced… Dollar Is Not the Haven It Used to Be for EM Currency Traders by Simon Flint at Bloomberg (link to article: CurrencyColor co/fvs)

…the yen’s stubborn weakness has been because of Japan’s Government Pension Investment Fund buying foreign assets, which...
11/18/2019

…the yen’s stubborn weakness has been because of Japan’s Government Pension Investment Fund buying foreign assets, which has led to downward pressure on the currency. The pension fund is the world’s largest, with about $1.5tn of assets. The GPIF’s hefty investments abroad keep the lid on gains in the yen without Japan having to resort to market interventions that could prompt US president Donald Trump to accuse the country of manipulating its currency… There Is a $1.5 Trillion Reason for the Yen Not Moving Higher by Eva Szalay at FT [PAYWALL] (link to article: CurrencyColor co/sqc)

…Two separate groups of investors are backing Siege and HedgePool, platforms designed to net off currency trades between...
11/18/2019

…Two separate groups of investors are backing Siege and HedgePool, platforms designed to net off currency trades between them, rather than doing deals with banks as intermediaries...The imminent launches of Siege and HedgePool come as big banks’ trading operations remain under pressure on a variety of fronts, as regulatory changes and competition from smaller, nimbler start-ups squeeze businesses that once comprised the bulk of their revenues… Peer-to-Peer Forex Services Aim to Bypass Wall St Banks by Eva Szalay at FT [PAYWALL] (link to article: CurrencyColor co/rrc)

…it’s not just the trade war, and the corresponding 6% hit to the yuan, that’s keeping the dollar index so high. The eur...
11/18/2019

…it’s not just the trade war, and the corresponding 6% hit to the yuan, that’s keeping the dollar index so high. The euro, which has the biggest position in the index is 11% lower from its March 2018 high-water mark, back when the German 10-year bund was yielded +0.6% instead of its current -0.4%… Why a Strong Dollar Could be a Warning Sign in This Market by Andrea Riquier at MarketWatch (link to article: CurrencyColor co/dkg)

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