Douglas Ashburn

FX Swaps and Forwards: A Special Case?

After the financial world (and much of the press that covers it) had “powered down” for the weekend, the U.S. Department of the Treasury issued its long-awaited “final determination” on FX swaps and forwards last Friday. In the final ruling, Treasury essentially...

Five Minutes with Michael Cairns, CEO, FX Solutions

Michael Cairns is CEO of FX Solutions LLC and Managing Director, Americas and Middle East for the firm’s parent company, City Index Group. Cairns spoke with John Lothian News Editor-at-Large Doug Ashburn about the company’s history, the state of forex volumes, and...

Corrections

Correction: Last week’s commentary (Parallel Worlds, JLN Forex, September 11, 2012), contained an incorrect statement. In paragraph three, the line “Ignoring a problem does not make it go away, and moving a loss or a non-performing asset from one entity’s balance...

Parallel Worlds

As an avid fan of the science fiction genre, I am fascinated by the idea of parallel worlds and alternate realities. Lately, however, I have begun thinking that I may be living in one. In the alternate world in which I am currently living, anything resembling good...

The Downside of Can-Kicking

This week is sizing up to be a bit of a yawner in the forex market. I predict long periods of thumb-twiddling in between rounds of QE3 predictions. On Friday, Ben Bernanke will give a speech in Jackson Hole, Wyoming in which he will use a lot of big words, yet say...

Geronimo!!!

Unless you have been hiding under a rock (or you live in an area of the world that is on holiday for the entire month of August), you are sick and tired of hearing the phrase “fiscal cliff.” Please, however, indulge me this one last time. Barring an act of Congress,...

WSJ Dollar Index: Inventing the Better Mousetrap?

Dow Jones FX Trader last week introduced the Wall Street Journal Dollar Index, a new trade-weighted index of foreign exchange rates versus the dollar that, according to index co-creator Vince Cignarella, “captures all the major flows in the market.” Cignarella, a...

How Deep is the China Slowdown?

Typically, when I write a headline like the one above, it is followed by a column that answers, or attempts to answer, the question being posed. This time, I ask the question “how deep is the China slowdown?” because, quite frankly, I have absolutely no idea. What is...

Change of Plans

It has been a long week in the forex world, and it’s only Tuesday. We began Monday with the big news that Thomson Reuters had made a tender offer of $22 a share for FXAll. The deal, valued at $625 million, is scheduled to close in the third quarter of this year.   I...

Party Like It’s 1992

"I have nothing against the [common currency] apart from its name -- I think it should be called the deutschemark." - Helmut Schlesinger, Bundesbank president, 1992 I am thinking of a period of unprecedented stress in the currency market. After years of progress by...

The Wimpy Solution

The message came through loud and clear last week - the world economy is slowing down. In the U.S., last week’s paltry payroll number of 69,000 really deflated the recovery party balloon. Since then, several regional Federal Reserve Bank presidents have been making...

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Europe digs in for a long battle with the virus

Europe digs in for a long battle with the virus

First Read $12,791/$300,000 (4.3%) Leticia Manos, Ray Mckenzie and Nils-Robert Persson ++++ Election 2020: Tight Races Set Stage for Continued Period of Volatility By Suzanne Cosgrove - John Lothian News Here's how the presidential election 2020 is unfolding in its...

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