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Central banks bring tail risk challenge to FX markets

By Tim Carrington, Global Head of FX, RBS

More active central bank involvement in currency markets has reduced volatility but also increased tail risk. Tim Carrington, Global Head of FX, believes investors must be extra vigilant amid greater market uncertainty.

Find out what we think >>

Whitepaper: 20 issues on the increasing significance of corporate treasury

Over the last few years, treasurers’ roles have become even more complex and challenging as they try to source and secure funds for their organisations in a volatile economic climate. “20 issues on the increasing significance of corporate treasury” is designed to shed some light on how the treasury function operates and what to consider when performing it.

Download now >>

Today's trading commentaries

Making sense of the EU Summit maze
Although the general expectation is that not much of substance will emerge from the 19th EU Summit since the debt crisis began, there will be some progress in a few areas.

EU Summit unlikely to reach eurozone decision
Hopes are fading that the EU leader’s summit this weekend will produce anything concrete for the market to digest on Monday morning.

Barclays reel from Libor investigation
Press and politicians will welcome the opportunity of having another go at the financial sector after the fixing of the Libor rates controversy.

Make or break for the euro
At the height of the global financial crisis there was considerable suspicion that Libor – the London Interbank Offered Rate – was being manipulated.

Market volatility likely
Wednesday was a typically quiet session as the market prepared for the EU Summit being held today and tomorrow.

Traders defensive in lead-up to EU Summit
Equity markets rose on Wednesday and the US dollar pared some of its earlier pre-summit safe haven gains after robust US housing data helped ease concerns.

Asia today: Markets surprisingly calm ahead of today’s EU summit
Currency markets were still in limbo mode during the Asian session ahead of today’s EU summit.

The Summit of despair
The most remarkable thing about the week so far is just how ‘not bothered’ markets have been about the EU summit that takes place over the coming two days.

The London Whale

David Munro of OANDA examines the recent, and very well-publicised, USD2billion trading loss at JPMorgan’s Chief Investment Office. He concludes that while the good ship JPMorgan is not likely to capsize as a result of the loss, the firm’s reputation has certainly been tarnished and there may yet be wider ramifications...

Read the full story >>

Latest FX-MM news, stories & comment

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		Portware enhances FX trading platform New Portware FX clients overwhelmingly select cloud-based solution for streamlined deployment and reduced operational overhead...

		Fundtech and Open Solutions partner to offer SWIFT-enabled eBAM solution Industry adoption of message standard ISO 20022 portends strong growth for eBAM...

		Saxo Bank is awarded Best Online Futures and Options Provider at the MoneyAM Awards Saxo Bank offers more than 130 futures contracts on live online tradable prices...

		Interactive Data reduces latency with new Asia ticker plants New Hong Kong ticker plants deliver further enhancements to Interactive Data's low-latency data feed...

		Selerity expands global coverage of macroeconomic event data Broader offering provides event-based traders with more efficient risk management and alpha generating opportunities internationally...

		Fundtech wins The Banker’s Innovation in Banking Technology Award for Best Payments Technology Global PAYplus Payment Services Hub and Global CASHplus recognised as innovative...

		Orc selected by Nano Capital in France for Eurex Market Making Orc Market Maker will support Nano Capital’s market making operations on Eurex...

		SmartStream Technologies partners with Serisys to bring Managed Data Services to China, Japan & ASEAN Aim is to provide the highest coverage for Middle & Back Office across region...

Conferences, events & exhibitions

International SAP Conference for Treasury Management 2012
27 - 29 June 2012, Potsdam-Berlin, Germany

9th AFE Conference 2012
28 - 30 June 2012, Samos Island, Greece

World Finance Conference
2 - 4 July 2012, Ipanema, Portugal

Liquidity Risk Forum
17 - 18 July 2012, London, UK

2012 Annual Conference on Global Economics, Business and Finance (GEBF 2012)
27 - 30 July 2012, Beijing, China

TradeTech Post Trade
11 - 13 September 2012 London, UK

China Commodities Trade & Investment Summit 2012
13 - 14 September 2012 Shanghai, China

TradeTech FX
25 - 27 September 2012 London, UK

International Cash and Treasury Management 2012
26 - 28 September 2012, Monaco

Sibos 2012
29 October - 1 November 2012 Osaka, Japan

MENA 10th Forex Managed Funds & Investment Summit
15 - 16 November 2012 Dubai, UAE


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