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    Currencies

    Why flows now rival fundamentals

    For most of modern market history, trading flows were seen as little more than the smoke from the fire – evidence of deeper...

    Hybrids go for gold – FX Markets

    Confidence in a continued gold price rally has enticed hedge funds back into hybrid options trades, after erroneous bets on US equities led...

    How Amundi’s options strategy profited from dollar slump

    Entering 2025, the prevailing macro theme throughout the investment community was that the US dollar would continue its dominant path.Years of US exceptionalism...

    Court ruling challenges ‘fiduciary’ role for pre-hedging

    The overturning of Mark Johnson’s fraud conviction in July could indicate that dealers do not owe fiduciary duties to their counterparties when pre-hedging...

    Do humans still have a role in institutional FX?

    It’s 2025 and you attend another foreign...

    How FX pricing is adapting to Trumpian markets

    Within ING’s foreign exchange business, a special algorithm has the job of looking out for signals that might indicate an abrupt, unexpected shift...

    Barclays braces for a macro storm

    As developed countries continue to rack up deficits, the big question looming over markets is, who will buy the growing pile of sovereign...

    SNB researchers test LLM-based FX trading strategy

    Researchers from the Swiss National Bank have shown how a trading strategy that uses fine-tuned large language models (LLMs) to analyse sentiment in...

    As Fed meets, hedge funds buy ‘lottery’ FX options trades

    Hedge funds are reloading their short dollar bets – with a few new twists – ahead of US Federal Reserve chairman Jerome Powell’s...

    Trump’s FX impact: a tale of two terms

    One question we’ve been discussing on the...

    Elizabeth McCaul on supervision, new macro-dynamics and investing in suptech

    Former ECB Supervisory Board member speaks about Covid-19 and Credit Suisse shocks, regulation debates, the rise of non-banks and what makes tech projects...

    Hedge before the fix to avoid predatory traders – research

    It’s a known but unproven assumption that predatory trading during the 4pm London time fixing window for benchmark currency rates – mostly from...