Today's trading commentaries
Spanish banks – the next systemic risk
Michael Derks, FxPro
Yesterday’s decision by the Rajoy government to take a 45% stake in troubled lender Bankia is just the tip of the iceberg in terms of cleaning up the bereft Spanish banking system.
Euro sentiment continues to fall
Alistair Cotton, Currencies Direct
Developments in Greece and Spain continue to weigh on Euro sentiment, driving the single currency lower across the board.
Another day of risk averse trading
Richard Driver, CaxtonFX
Wednesday was another day of risk averse trading, which saw global equities make further heavy losses.
Euro continues its demise
Mark Bolsom, Travelex
The euro has continued its demise to 3 ½ year lows against sterling and fresh 3 ½ month lows against the US dollar.
Beijing cannot afford to prevaricate any longer
Michael Derks, FxPro
Last night’s trade figures provide yet more evidence that the Chinese economy is softening. Import growth in April of just 0.3% YoY suggests that domestic demand has weakened.
Eurozone worries continue
Simon Denham, Capital Spreads
The eurozone worries continue and now Spain is having to prop up its banking sector as it injects cash into its third largest lender.
Headline Oz jobs look strong – but are they really that good?
Andrew Timothy Robinson, Saxo Bank
The surprisingly strong Australian jobs report in March led many to anticipate a mean-reverting softer number in April, but it was not to be.
Sterling/euro at three-and-a-half-year high
Mark Deans, Moneycorp
By the time the Olympic flame has made its way round Greece, politicians in Athens are likely to have thrown in the towel on forming a coalition government.
Reality bites
Simon Smith, FxPro
The euro’s break below the 1.30 level has been sustained overnight and it’s notable that the dollar has risen in all but two of the past nine sessions, looking at the dollar index chart.
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Company directory
Our directory includes the following Premium and Premium+ listings:
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‘Shortage in liquidity will kill you instantly and excess liquidity will kill you over time’ is a well-known industry saying which serves as a very real warning to banks across the globe of the dangers of poor liquidity management. These dangers are highlighted even more starkly by the waves of change that are washing over the banking world, ranging from Europe’s painfully drawn out debt issues to last month’s revelations that four major US banks failed their latest rounds of stress tests. All in all, banks’ liquidity management strategies (or lack of) are very much under the spotlight...
Read the full story >>
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Latest FX-MM news, stories & comment
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Conferences, events & exhibitions
EBAday 2012
15 - 16 May 2012, Edinburgh, United Kingdom
CVA, Funding and Valuation for Derivatives Conference
17 - 18 May 2012, New York, USA
6th Annual Corporate Banking
23 - 24 May 2012, Prague, Czech Republic
9th Annual Back Office Forum
24 - 25 May 2012, Amsterdam, the Netherlands
Payments, Settlements and Remittances Asia 2012
30 - 31 May 2012, Jakarta, Indonesia
1st International Symposium on Business, Economica & Financial Applications
1 - 2 June 2012, Kefalonia, Greece
Funds Transfer Pricing and Balance Sheet Management
11 - 12 June 2012, New York, USA
9th AFE Conference 2012
28 - 30 June 2012, Samos Island, Greece
World Finance Conference
2 - 4 July 2012, Ipanema, Portugal
2012 Annual Conference on Global Economics, Business and Finance (GEBF 2012)
27 - 30 July 2012, Beijing, China
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