Why ECB Action is Likely to Stoke Global Currency Wars – Financial Times (subscription)
Although Mario Draghi, president of the European Central Bank, denied it was a target, the weakening euro currency could prove the most effective channel through which QE reaches the real economy.
Euro At New 11-Year Low After ECB Action – Financial Times (subscription)
The euro is slumping to its weakest in 11 years, Bund yields are crumbling to record lows and equities are on the front foot as traders continue to absorb the launch of quantitative easing in Europe.
Ex-Citi FX Head to Launch $500 Million Hedge Fund – Reuters
Former global head of foreign exchange at Citi, Anil Prasad, is preparing to launch his own macro hedge fund in early April with initial start-up capital of at least $500 million, three sources familiar with the matter said.
Oanda Has Submitted a Bid to Acquire Alpari UK – Forex Magnates
Toronto headquartered veteran forex broker Oanda has submitted a bid of acquisition of ailing UK broker Alpari
The FX Crisis: Dealing With Human Risk and Restoring Trust Within the FX Markets – Profit & Loss Webinar (free)
As the financial services industry looks to recover from the recent FX crisis and restore trust within the FX markets, banking executives are under pressure to fully understand the risks inherent within their organisation. Beyond market, credit and trading risk – human risk is quickly becoming the single largest exposure that financial institutions are facing today.
FXPA News: Join by Feb 1 to Qualify for Time-Limited Membership Category
The special founding member category of the Foreign Exchange Professionals Association (FXPA) will close on 1 February. Join today to be part of the first wave of founding members that enjoy the distinct benefits that this class offers. FXPA recently crossed the critical threshold of 15 members, triggering elections for the first permanent Board of Directors and Officers. FXPA’s Board will include 50% representation by Founding Members that join prior to the 1 February deadline.