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Monex Europe is optimistisch gestemd over de richting van de euro ten opzichte van de dollar voor 2023
Dit zei Valutahandelaar Martijn Weller van Monex Europe voor de camera van ABM Financial News op Beursplein 5.
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.
Risk-off tone sends the dollar higher in September, Monex retain strong G10 and EM Reuters rankings
The sharp rise in the broad dollar, especially against major G10 currencies, in the last few days of September meant that Monex’s 1-month GBPUSD and EURUSD forecasts didn’t return a high ranking. However, our more neutral stance on euro-crosses and on AUD and NZD resulted in solid near-term rankings. In the EM space, it was business as usual, with notable rankings in MXN, RUB and TRY.
Dovish Powell at Jackson Hole leads to strong EM forecast performance for Monex in Reuters results
The decline in the broad dollar towards the end of the month meant that Monex retained strong rankings over the 1-month horizon for select currencies, especially within the EM space where the dollar’s decline was relatively larger following Powell’s speech. Over the medium-to-long run, Monex’s longstanding view of dollar weakness didn’t filter through to all forecasted currencies.
Meet the Monex marathon team | Sam Fowler
The Monex marathon team is training for the 2021 Virgin Money London Marathon to help raise money for the incredible charity Get Kids Going! To track the team’s incredible journey in the run-up to the big day, we will be releasing a fortnightly interview with each of the runners.
Monex retains strong Reuters rankings despite a volatile July
Volatility wasn’t absent in July with the re-emergence of Covid concerns, dovish tone from Chair Powell, moderation in growth expectations, and turmoil in Chinese markets. Despite this volatility, Monex’s near-term forecasts weathered the storm, albeit better in the EM space than G10.
Meet the Monex marathon team | Emma Cove
The Monex marathon team is training for the 2021 Virgin Money London Marathon to help raise money for the incredible charity Get Kids Going! To track the team’s incredible journey in the run-up to the big day, we will be releasing a fortnightly interview with each of the runners.
Monex ranked top forecaster for 1-month MXN and BRL forecasts
The Federal Reserve’s hawkish shift in June caught markets off-guard and resulted in broad US dollar strength throughout the remainder of the month. Despite calling for further USD depreciation, Monex’s conservative stance on further USD downside meant shorter-term forecasts weathered the storm of a stronger dollar.
Meet the Monex marathon team | Jake Ostrovskis
The Monex marathon team are training for the 2021 Virgin Money London Marathon to help raise money for the incredible charity Get Kids Going! To track the team’s incredible journey in the run-up to the big day, we will be releasing a fortnightly interview with each of the runners.