FX Trading: Broker Panel
We break down the micro-structure of a market and how liquidity is distributed by liquidity providers and accessed by clients.
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Our Insights
Considering active currency and the potential portfolio benefits
Currency risk is often a secondary consideration when an investor decides to allocate capital overseas. However we believe there are potential benefits of allocating to active currency management.
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Is hedging leading to an alpha opportunity for the yen?
The Japanese yen has been a popular currency to own during over the past few months by virtue of its negative correlation with equities.
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Finding value in passive hedging
The increased level of interest rate volatility in the currency swap market has received considerable attention from market participants.
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Outlook for the Pound as the Brexit Deadline Approaches
Our long standing view on the pound has been that it is not as cheap as widely perceived despite the fall related to Brexit.
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The euro as a funding currency
A couple of key trends in capital flows suggest the role of euro funding is growing, and we outline the near-term implications for currency markets.
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Fragile, not overvalued: revisiting the Swiss franc
Despite the Swiss National Bank (SNB) continued to characterise the Swiss franc as highly valued, we suggest that any overvaluation may be illusory.
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Market misconceptions on Scandinavian currencies
Since the start of 2013, consensus forecasts for the Swedish krona and Norwegian krone have been persistently bullish and persistently wrong.
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What would a Conservative government mean for sterling?
With current general election polling consistent with a victory for the Conservative Party, the pound has outperformed over the last few months.
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Currency
Our currency team provides solutions for clients, controlling risk using passive management strategies and generating returns by actively managing global currencies.
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Why the US dollar may not be as overvalued as you think
We believe the US dollar is currently experiencing a rare structural change in valuation level that means it may be far less overvalued than is widely believed.
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Currencies through an ESG lens
We believe a well-designed, tailored approach to using ESG factors for active currency management can be a source of added value for clients over the long term.
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Why is the potential for US currency intervention a topic of interest?
The probability of US unilateral intervention has risen from a tail scenario to one of low-to-moderate probability.
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Will the dollar continue to underperform?
How the dollar trades following the cut in rates, depends to a large extent on whether the rate cuts are mid cycle or recessionary.
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