Monex Europe strengthens leadership team with three appointments
Monex Europe has bolstered its board-level leadership team with the appointments of David Whitcroft as Group Director of Risk & Treasury, John Gallagher as Group Chief Technology Officer and Executive Director, and Jacques de Villiers as Director of Digital Strategy, subject to regulatory approval.
Monex ranks highly in AUD and CHF Reuters rankings for May
Market volatility continued to grind higher in May, with hawkish Fed pricing causing most of the damage in the cross-asset space as terminal rates rose.
Monex Europe appoints Tom Farrow and William Crossley to Board of Directors
Monex Europe, one of Europe’s leading corporate FX and hedging providers, has strengthened its leadership team with the appointments of Tom Farrow, Group Director of Trading and William Crossley, Group Sales Director to the firm’s Board of Directors.
Monex retains second place ranking for AUDUSD and EURCHF in Reuters rankings
Increased cross-asset volatility was the main feature of markets in April, leading to abnormal bond market volatility. Read our latest press release here.
Monex places third in Bloomberg’s Q1 G10 rankings, maintains strong Reuters rankings
Swiftly adjusting our forecasts towards the end of February to account for the terms-of-trade and inflation shock that was brought about by the Russia-Ukraine war in March, along with the rise in eurozone risk premia, resulted in a strong performance for our Q1 and March forecasts across both Bloomberg and Reuters rankings.
Monex retains strong G10 rankings in February, supported by stable UST yields and hawkish ECB
Many of our near-term G10 forecasts performed well in February, with notable performances in EURCHF, EURSEK, AUDUSD, and USDCAD. The 6- to 12-month forecasts ranked well for USDCHF and EURSEK, despite the heightened volatility over the last year.
Monex awarded by Reuters Poll as the most accurate Major Currencies FX forecaster in 2021
Monex Europe, one of Europe’s leading corporate FX and hedging providers, has received the 2021 Refinitiv StarMine Award for Most Accurate Forecasting in Reuters Polls in the Major Currencies category.
Arrival of Omicron and hawkish shift in monetary policies increases forecast error in December’s Reuters
Uncertainty induced by the arrival of the Omicron variant in late November and the hawkish shift by central banks in December resulted in a larger forecast error for our 6-to-12-month forecasts.
MonFX set to boost Asia offering with Capital Markets Services licence from the Monetary Authority of Singapore
MonFX Pte Ltd announced today that it has successfully obtained a Capital Markets Services (“CMS”) licence from the Monetary Authority of Singapore (“MAS”), strengthening its footing as an Asian foreign exchange (“FX”) specialist.
Rising rates pressuring USD aids Monex’s Reuters FX rankings
Money markets continued to push back strongly against G10 central bank communications throughout October and priced in aggressive tightening cycles across the space, resulting in bear flattening in most sovereign yield curves. This led to broader USD weakness in most major pairs, with the exception of EURUSD and USDJPY, both of which bucked the broad G10 trend due to their positions within the G10 monetary space.