NEWS / Foreign Exchange

The FX market is on a collision course

• Friday the 13th in the FX market
  The FX market is on a collision course - the question is just with which iceberg the market will collide. The wake-up call at the end of February and early March when EUR/JPY plunged, together with EUR/CHF among others, was characterised as a necessary correction, and market participants have again pounced on the praiseworthy carry trades - a real money spinner.

• Oil, gas and coal ??“ the clock is ticking
  In step with the increasingly favourable attitude on the part of politicians and the increasingly mature technologies, the range of alternative energy sources is widening. In addition, the sharp growth in energy consumption has sent us on an inevitable course towards depletion of fossil reserves. Still, it will take a good deal of time before the bell begins to toll for oil, gas and coal. In 25 years, fossil fuels will still account for three fourth of global energy consumption. The message of the experts was crystal clear when Jyske Bank??™s seminars on the energy consumption of the future were launched.

• Expected trading ranges 16-20 April 2007