Long-term rising trend identified; London remains dominant with 38% share

There is plenty of room for further downside in USDJPY after the Federal Reserve’s decision last week to launch QE3, says BCA Research, one of the world’s leading independent providers of global investment research.

Caplin Systems, the technology vendor that specializes in building FX single-dealer platforms (SDPs), has launched a set of tools designed to help banks construct trading applications in HTML5.

BNP Paribas has appointed a former Morgan Stanley banker to cover real-money FX sales, according to people familiar with the matter.

Currency measures improve Brazil’s ability to pursue an independent monetary policy but are less successful in terms of asset prices.

After the Federal Reserve’s announcement of QE3, the question is which currencies are set to benefit the most. RUB looks to be the answer for many.

Federal Reserve chairman Ben Bernanke didn’t disappoint this week, taking to his helicopter to rain down a fresh round of quantitative easing.

In case you had not noticed, the Federal Reserve wants you to sell the dollar – and in a zero interest-rate world, it is in a better position to undermine its currency than other leading global central banks.

Goldman Sachs has hired an EM options FX trader from rival Barclays.

The eurozone crisis has prompted increasing concerns about risk among clients seeking liquidity management. But Euromoney’s debate suggests that bankers feel they have the mechanisms in place to meet customer needs for reassurance and safety.

The Swiss National Bank (SNB) reinforced its determination to keep a lid on Swiss franc strength, disappointing some who were expecting the recent improvement in sentiment surrounding the euro to trigger a rise in the EURCHF floor.

CME’s decision to launch a new RMB deliverable futures contract reflects FX market anticipation that the EUR will continue to strengthen in the near-term as the Chinese currency weakens, says CME head of FX in Asia KC Lam.

Draghi has acted where politicians hold back, giving Europe the break so needed to continue its move to a federal structure for the euro zone.

FXall, the world’s leading multi-dealer platform with non-financial corporates and asset managers, saw its average daily volumes decline in August by 7% month-on-month and by 5% from August 2011.

The former global head of e-commerce at UniCredit has joined Russia’s Troika Dialog as the company’s new head of e-FX.

The head of FX sales for North America at Royal Bank of Scotland has resigned from his role at the bank, a spokesperson confirms.

RBS has hired three market strategists from BNP Paribas for its research team in Asia to provide research and trading ideas across G10 and Asian FX and interest rates, a spokesperson confirms.

Barclays, the second-biggest options market maker by volume, has launched a new FX volatility analytics tool to help traders and risk managers improve their ability to assess the historical value of option volatility as well as compare prices across multiple asset classes.

Forex Club, a leading online retail FX broker, has unveiled a former private equity and Troika Dialog executive as its new CEO.

The head of global FX strategy at RBS has left his position after two years of working at the bank.

The European Central Bank’s (ECB) bond-purchasing plans would be more positive for the EUR if Spain and Italy called for assistance, warns JPMorgan.

BNP Paribas has hired an ex-Nomura and Lehman Brothers executive to head up its electronic strategy group.

Thomson Reuters and EBS have signed agreements to use Traiana’s client clearing solution Harmony CCP Connect, which follows a move by several leading FX banks earlier this year to use the service to reduce client-trading costs.

The banking supervisory role of the ECB and its bond-buying plan may be necessary but lack democratic support. Draghi the politician strikes while European leaders argue.

We have been waiting to write that headline about Mario Draghi since the end of July when the European Central Bank president pledged to do whatever it took to ensure the survival of the eurozone.

FX volumes at EBS, the Icap-owned electronic broker and once the world’s largest FX trading platform, fell sharply in August, as the lack of volatility in the market weighed on activity.

For the first time in five months, EURCHF has moved higher from the Swiss National Bank’s (SNB) SFr1.20 floor, but the world’s leading custodian bank warns that investors would be wise not to chase the move.

FX volumes at Thomson Reuters and CME Group, two of the market’s leading electronic FX platforms, slumped in August as volatility on the world’s currency markets dropped to its lowest level since the eruption of the global financial crisis.

City Index Group – the margined FX, spread betting and CFD provider – has announced the launch of operations in Israel, as it continues a push to expand operations internationally.

Any pullback in the EUR in the wake of the European Central Bank’s (ECB) policy meeting is unlikely to be violent, given that investors have built up long positions in the single currency at much lower levels than many would have imagined.