• JAPAN ISSUES CAN’T STOP YEN STRENGTH
    Wednesday, 1st September 2010
    BORIS SCHLOSSBERG
    DIRECTOR OF CURRENCY RESEARCH, GFT ONE of the inviolable rules of speculative markets such as foreign exchange is that traders will push prices beyond all rhyme and reason as long as momentum remains... [Read more]

  • EURO FEARS MAY WELL BE OVERBLOWN
    Wednesday, 18th August 2010
    BORIS SCHLOSSBERG
    DIRECTOR OF CURRENCY RESEARCH, GFT AS TRADING in the currency markets slows to a trickle during the last few weeks of summer and thoughts turn to the beaches of St Tropez and the Hamptons rather than... [Read more]
  • TREAT RALLY IN THE POUND WITH CARE
    Wednesday, 4th August 2010
    BORIS SCHLOSSBERG
    DIRECTOR OF CURRENCY RESEARCH, GFT TO THE surprise of many market analysts, including yours truly, sterling has been on a tear lately. Not only has the pound rallied, but it has significantly... [Read more]
  • THE AUSSIE IS NOT JUST A RISK PLAY
    Wednesday, 7th July 2010
    BORIS SCHLOSSBERG
    DIRECTOR OF CURRENCY RESEARCH, GFT WITH the economic calendar light on both sides of the Atlantic this week, the most interesting event risk is taking place down under where the Reserve Bank of... [Read more]

  • RELIEF RALLY IN THE EURO IS TENUOUS
    Wednesday, 16th June 2010
    BORIS SCHLOSSBERG
    DIRECTOR OF CURRENCY RESEARCH, GFT WITH so much negative sentiment aligned against it, the euro unsurprisingly started the week with a strong relief rally. The latest positioning data from the CFTC... [Read more]
  • DOW-GOLD RATIO COULD HIT PARITY
    Wednesday, 9th June 2010
    BORIS SCHLOSSBERG
    DIRECTOR OF CURRENCY RESEARCH, GFT LAST Friday’s surprise commentary from Peter Szijjarto, a spokesman for the new Hungarian prime minister Viktor Orban, triggered yet another selling frenzy in the... [Read more]
  • THE YEN IS NO LONGER SUCH A SAFE HAVEN
    Wednesday, 2nd June 2010
    BORIS SCHLOSSBERG
    DIRECTOR OF CURRENCY RESEARCH, GFT IF POLITICIANS in the West want to cheer themselves up all they have to do is look at the approval ratings of Yukio Hatayama. Less than 20 per cent of the... [Read more]
  • BROKEN EURO TROUBLE FOR CHINA AND US
    Wednesday, 26th May 2010
    BORIS SCHLOSSBERG DIRECTOR OF CURRENCY RESEARCH, GFT WITH the yuan up nearly 15 per cent against the euro this year, there was some speculation in the market last week that the People’s Bank of China... [Read more]
  • TIME TO SELL UP IN MAY AND GO AWAY
    Wednesday, 19th May 2010
    BORIS SCHLOSSBERG
    DIRECTOR OF CURRENCY RESEARCH, GFT IS the UK the next Greece? Some analysts in the currency market are starting to think so. Last weekend’s revelations that the former Labour government boosted... [Read more]
  • EURO BAILOUT MAY NOT GO FAR ENOUGH
    Wednesday, 12th May 2010
    BORIS SCHLOSSBERG
    DIRECTOR OF CURRENCY RESEARCH, GFT LAST weekend’s unprecedented move by the EU and IMF to create a rescue package worth nearly $1 trillion to guarantee sovereign debt within the Eurozone was a... [Read more]
  • CREDIT RISK WILL DECIDE EURO’S FATE
    Wednesday, 5th May 2010
    BORIS SCHLOSSBERG
    DIRECTOR OF CURRENCY RESEARCH, GFT THE initial reaction of the currency market to this weekend’s announcement of a €110bn rescue package for Greece was less than overwhelming. After a knee-jerk rally... [Read more]
  • DOLLAR RALLY AGAINST YEN TO CONTINUE
    Wednesday, 31st March 2010
    BORIS SCHLOSSBERG
    WHILE the currency world was fixated on the euro and the Greek drama unfolding in Brussels last week, the stealth story in the market was the sudden rise in US dollar-yen which came close to hitting... [Read more]
  • FISCAL POLICY LIFTS LOONIE AND SWISSIE
    Wednesday, 24th March 2010
    BORIS SCHLOSSBERG
    As the first quarter of 2010 draws to a close, some currencies are enjoying a safety premium due to their superior fiscal and trade balance position. In Europe, the Swiss economy is currently running... [Read more]
  • THREE EVENTS TO SHAKE UP THE WORLD
    Wednesday, 24th February 2010
    BORIS SCHLOSSBERG
    FOLLOWING weeks of turbulence, FX appears to have found temporary support. So this week I want to consider three unlikely, but not improbable, scenarios that could have a radical impact on the... [Read more]
  • BUGS SHOULD NOT GIVE UP ON GOLD YET
    Wednesday, 10th February 2010
    AS GOLD fell sharply last week while the dollar rose, it attracted a chorus of I-told-you-so critics who pointed to gold’s rapid decline as proof that the metal was a poor source of safety in times... [Read more]
  • JOBS ARE KEY TO AMERICAN 2010 GROWTH
    Wednesday, 3rd February 2010
    DIRECTOR OF CURRENCY RESEARCH, GFT
    CHINA was the biggest market surprise in 2009 as the country’s GDP growth almost single handedly rescued the world from the worst economic recession since the war. The continuation of the recovery... [Read more]
  • US POLITICAL TURBULENCE HITS DOLLAR
    Wednesday, 27th January 2010
    DIRECTOR OF CURRENCY RESEARCH, GFT DURING times of stress in the markets, the dollar generally rises as risk averse investors flock to the safety of the world’s reserve currency. However, that... [Read more]
  • EURO-DOLLAR HANGING IN THE BALANCE
    Wednesday, 20th January 2010
    DIRECTOR OF CURRENCY RESEARCH, GFT Although the year is barely two weeks old it is already becoming abundantly clear to most currency traders that rates on both sides of the Atlantic are like to... [Read more]
  • CHINA BUBBLE IS A RISK FOR YEN SHORTS
    Wednesday, 13th January 2010
    BORIS SCHLOSSBERG DIRECTOR OF CURRENCY RESEARCH, GFT ASK FX strategists what their favourite trade for 2010 is and the chances are most will say long dollar-yen. The conventional wisdom in the forex... [Read more]
  • IF YOU’VE LOST CONFIDENCE, GO FOR GOLD
    Wednesday, 6th January 2010
    BORIS SCHLOSSBERG
    DIRECTOR OF CURRENCY RESEARCH, GFT PERHAPS the biggest irony of the past decade has been the fact that despite all the new financial products – ETFs, CDOs, CDSs and so on – the best return was earned... [Read more]
  • EURO HAS HIT ITS TOP, FOR NOW AT LEAST
    Wednesday, 28th October 2009
    BORIS SCHLOSSBERGDIRECTOR OF CURRENCY RESEARCH, GFT LAST week, after dramatic moves and countermoves in the currency market, the euro-US dollar pair finally broke through the critical 1.50 barrier.... [Read more]
  • EXPECT MORE WEAKNESS IN GREENBACK
    Wednesday, 7th October 2009
    BORIS SCHLOSSBERGDIRECTOR OF CURRENCY RESEARCH, GFT LAST week’s dismal US unemployment data was a depressing reminder to the currency market that the American economy, which at one time served... [Read more]