The Euromoney Foreign Exchange survey is the most comprehensive quantitative and qualitative annual study available on the FX markets.

For all the fragmentation in the FX market, the top four banks further consolidated their dominance of customer business, according to the 2013 Euromoney foreign exchange survey. As volumes rise again in FX, volatility returns and banks’ earnings from it recover, margins are still compressing. Customers are focused on cutting transaction costs. Banks face big demands on scarce IT resources.

The history of the Euromoney FX survey shows that periods of apparent stasis often give way to sudden and marked shifts.

Deutsche Bank holds on to top spot from resurgent Citi

Fewer and fewer banks can still claim to compete as full-service foreign exchange providers on a global basis.

As the leading FX banks increase their grip on end-user volumes, their customers should take note of the banks’ own aversion to high market share among key providers.

After a deluge of negative headlines from the eurozone this year, why are policymakers in emerging Europe still queuing up to pledge their allegiance to the single currency?

The euro suffered on Thursday as Mario Draghi, European Central Bank (ECB) president, said he was open to negative deposit rates in the eurozone, a move that could see funds pouring out of the region.

Macro hedge funds back with a vengeance; return to trading on fundamentals.

Reserve data from the Swiss National Bank (SNB) have revealed a build-up in the central bank’s yen holdings, prompting speculation it might have intervened to weaken the franc against the Japanese currency.

Scandinavia has been a popular refuge among currency investors, but there are signs the strength witnessed in the SEK and NOK is past its prime.

Speculation that the Swiss National Bank (SNB) is set to raise the floor in EURCHF has been cited as the catalyst for the sharp drop in the franc, but the trigger for the slide in the Swiss currency lies in the eurozone.

The chances of a rate cut from the European Central Bank (ECB) have increased markedly after weak German economic data, but simply selling the euro might not be the best way for currency investors to benefit from the move.

Finance minister Rimantas Sadzius reveals Lithuania’s 2015 euro adoption plan, touts the benefits of convergence and strikes a bullish – and contrarian – tone on eurozone policymaking.

Sterling has found some support since GBPUSD broke down through $1.50 at the start of March, but could come under renewed pressure in the coming weeks.

As USDJPY makes a renewed attempt to break higher through the ¥100 barrier, one Japanese institution has the power to dramatically weaken the yen.

The descent in the price of oil is likely to weigh on the euro, raising the prospect that European Central Bank (ECB) policymakers will become uneasy about their loose monetary policy stance.

China has announced further plans to liberalize the renminbi, a move that could relieve the pressure of excessive FX reserve growth that has been triggered by the easing of the eurozone financial crisis.

Yen weakness has subsided after a sharp fall immediately following the Bank of Japan’s (BoJ) aggressive move to attempt to reflate its economy, but that is likely to be only a temporary pause.

The collapse in the price of gold has been accompanied by the realization that none of the normal rules for valuing gold is working, which could spell more weakness ahead for the yellow metal.

The fall in the yen since the Bank of Japan (BoJ) last week surprised the market with plans to double its monetary base has been stunning, but domestic investors have yet to materially participate in the move.

Core European government bonds rallied on Friday, thanks to the prospect of real money flows from Japan, following the aggressive action by the Bank of Japan on Thursday.

The fall in the price of gold after the unveiling of the Bank of Japan’s (BoJ) massive monetary expansion reveals the true driving force behind the price of bullion.