Depth Disappears Just When Needed in $5.3 Trillion-a-Day Market – Bloomberg Turbulent trading that made August the worst month for global equities since 2012 also revealed a widening crack in the world’s largest market — foreign exchange.
BoE: Time to Re-Think How FX Movements Impact Inflation – Profit & Loss The Bank of England needs to re-think how it assesses the impact of FX movements on inflation, according to Kirstin Forbes, a member of the BoE’s Monetary Policy Committee.
Dick Grasso: Today’s Markets Aren’t Fair – Wall Street Journal (subscription) Turmoil in August was a sign something was awry with capital markets, former NYSE chief Richard Grasso says
Goldman Says QE to Weigh on Yen and Euro as Fed Holds This Week – Bloomberg Goldman Sachs Group Inc. said the yen and euro will weaken on further quantitative easing in Japan and Europe, while the Federal Reserve refrains from raising interest rates when US policy makers meet this week.
Goldman: Oil Could Hit $20 Before Huge Oversupply Cleared – Wall Street Journal (subscription) Oil prices may need to fall as low as $20 a barrel to clear the huge surplus in global markets, according to a new report by Goldman Sachs. FX Liquidity to Diversify – TABB Forum (subscription) As electronic trading gains momentum in foreign exchange, competition among electronic trading platforms will continue to intensify and liquidity increasingly will come from outside the sell side.
Buy-Side FX Shifts in Evolving Market Structure – Flextrade As electronic trading grows on the buy-side and top dealers retreat from sharing market color, exchanges are snapping up FX trading venues.