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  1. DM

    The week ahead in FX: 16-20 September 2019

    With the ECB behind us, it's all about the Federal Reserve's FOMC meeting on Wednesday, 18 September 2019. The FOMC is expected to follow the ECB and lower the Fed funds rate corridor by 25 basis points to 1.75-2.00% from 2.00-2.25% previously. This would obivously be welcomed by Donald Trump...
  2. DM

    FXall sees growth in algo trading by buy-side clients

    Refinitiv, the parent company of the FXall trading platform, said it has seen a 41% year-over-year increase in the use of its execution algorithms by buy-side clients. FXall is a multi-dealer platform for FX trading that has traditionally been used for multilateral and bilateral...
  3. DM

    ECB summary and implications for EUR/USD

    Without bragging too much, I'm happy to say Mario Draghi delivered most of what I had expected at today's ECB policy meeting, and more: Cut in the deposit rate by 10 basis points to -0.5% from -0.4%. Introduction of a two-tier system that exempts part of banks' excess liquidity from the...
  4. DM

    Preparing for the ECB: Fixed income or fixed loss securities?

    Tomorrow will be an important day for investors in foreign exchange: In its most anticipated meeting in months, the European Central Bank is expected to announce a package of fresh stimulus measures, including another cut in its deposit rate, a renewal of its bond buying programme as well as a...
  5. DM

    FX data analysis platform Tradefeedr partners with Goldman Sachs, UBS and XTX Markets

    Tradefeedr, the FX data analysis provider, announced on Tuesday that it has partnered with Goldman Sachs, UBS and XTX Markets. The company was founded in 2018 by Balraj Bassi and Alexei Jiltsov. Tradefeedr differs from traditional FX data analysis companies, such as TCA providers, because it...
  6. DM

    What does NIRP mean?

    The acronym NIRP refers to "Negative Interest Rate Policy". It is a monetary policy tool employed by central banks to support the economy during a financial crisis - at least in theory, that is. The idea being that, if interest rates on savings are negative (or at the lower bound of zero for...
  7. DM

    The week ahead in FX: 9-13 September 2019

    The main event of the coming week will be the European Central Bank's meeting on Thursday, 12 September. Mario Draghi is widely expected to announce a 10-15 basis point rate cut and perhaps even a renewed bond buying programme. These actions are far from certain, however, making Thursday a risky...
  8. DM

    German recession fears and negative interest rates

    The risk sentiment has become much more positive in recent days, against the backdrop of a possible continuation of trade talks between China and the USA, easing tensions in Hong Kong and resistance to Boris Johnson's hard Brexit course. However, the situation remains very fragile: Germany...
  9. DM

    ECB's Mersch on "private currencies" and Facebook Libra cartel

    In a recent speech held during the European Central Bank's Legal Forum in Frankfurt, ECB Executive Board Member Yves Mersch criticised private currencies and especially Facebook's Libra. Mr Mersch focussed on three main points: How is Libra different from other private currencies and from...
  10. DM

    Increased probability of a no-deal Brexit

    After Boris Johnson's surprise move to suspend Parliament from mid-September through 14 October, the likelihood of a hard Brexit with no deal with the European Union in place has increased drastically. Much has been written about the suspension. Most commentators see Johnson's strategic move as...
  11. DM

    Trump administration imposes tariffs on >$100bn in Chinese imports

    The Trump administration imposed tariffs on more than $110 billion in Chinese imports of consumer goods on Sunday, just before Labor Day when US markets will remain closed. Even more tariffs are set to come into effect on 15 December 2019. That is right before Christmas but just late enough to...
  12. DM

    Welcome to CurrencyManagers.com!

    Hi there and welcome to the CurrencyManagers.com discussion board! :) I started this forum in September 2019 with the intention of bringing together professionals from the financial industry who deal with and manage currencies in one way or another. Academics and researchers are also encouraged...
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