news archive


The €1 Trillion Question…

There are two ways to interpret the ECB’s statement (and modelling exercise):
1. Take it at face value, as a statement of intent to launch a European QE programme imminently; or
2. Treat it with a healthy dose of scepticism, as simply another attempt to talk down the value of the Euro.



more >
2014 1st Quarter FX Update

Looking at the first quarter and evaluating our forecasting performance to date… .



more >
Dollar rises as Yellen hints at tighter policy

Last week, Fed officials revised their median forecasts for the Fed Funds rate in December 2015 from 0.75% to 1%. Meanwhile, the median forecast for December 2016 was revised from 1.75% to 2.25%. In this week’s edition of Risk Insight, we take a closer look at what this and George Osborne’s UK budget means for the GBP/USD exchange rate.



more >
The Yuan and FX Volatility

The Chinese central bank widened the Yuan’s trading band on Saturday. Could increased USDCNY volatility lead to a more generalized Volatility spike?



more >
Is the emerging market turmoil a cause or a consequence of financial instability?

The shift of capital from high-volatility emerging currencies to low-volatility developed currencies stirred panic in financial markets as concerns over economic recovery materialised. However, was the emerging market turmoil a cause or a by-product of financial instability? More importantly, will the volatility in the emerging market currencies spill-over to the West and destabilise the economic recovery?



more >
Is the euro rally about to run out of steam?

In our view, a valuation ‘premium’ on the euro (against both the USD and GBP) is appropriate, due a combination of fundamental and monetary factors which support the single currency. However, we recognise that this valuation premium is limited, and from a historical perspective, we may be approaching this limit… .



more >
Going forward…

Mark Carney and Janet Yellen have embarked on Round 2 of Forward Guidance with some interesting differences in their respective approaches. What are the implications for GBPUSD?



more >
The underwhelming US recovery continues to weigh down the USD…

The US is now into the 5th year of the slowest economic recovery in modern history. In the first four years of the recovery, we have yet to see a year-over-year economic growth rate in excess of 2.8% (which was achieved in 2010), and the average annual growth rate since 2010 has been a distinctly unimpressive 2.25%.



more >
Will the Emerging Market Crisis Endanger the Economic Recovery?

Perception changes quickly in the financial markets. It was not so long ago that emerging markets were being hailed as the saviours of the global economy, their vibrant, high-growth economies set to drag the sluggish, over-leveraged ‘advanced’ economies out of the post-crisis quagmire of economic stagnancy.



more >
Is the dominance of the USD as a reserve currency in question?

“Printing a reserve currency to pay for net imports is akin to owning an international ‘printing press’, the use of which causes net global monetary inflation and, by association, some degree of eventual, realised price inflation.”
Belgian economist Robert Triffin



more >

< 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 >

 

White Papers


 

FX Hedging:

10 Common Pitfalls

Download> 

Commodity & FX Risk:

An Integrated Approach

Download> 

The Corporate Use of Credit Derivatives:

Where Next?

Download> 

Corporate Hedger’s Guide to Basel III

Download>

Currency Volatility – Are markets nearing an inflection point?

Download>

Testimonial

FX Risk

 

“Validus designed an innovative and practical hedging strategy to address our underlying FX risk in the context of very distinct and diverse sources of competition. We are delighted with the outcome and impressed with their on-going response to the changing business and market dynamics”.

 

Paul Stobbs, Managing Director, Attraction World

Testimonial

Private Equity

 

 “The Validus team understand how private equity thinks about financial risk management issues and they are rigorous in the way they help our portfolio companies to understand and mitigate their risks.”

 

James Markham, Partner – Portfolio Management, Graphite Capital LLP

Testimonial

FX and Commodity Risk

 

“Validus provides us with independent strategic advice relating to our long-term currency and commodity risk management program.  The people are extremely capable and collaborate very well with our finance and operations teams here at JD Irving.”

 

Mark Bettle, Director, J.D. Irving Ltd.

Testimonial

FX  Risk

 

 “Validus developed a tailored hedging solution to mitigate the risks from our unique combination of existing supplier agreements. The implementation and management of this rolling hedging programme with our FX service providers has been expertly and efficiently handled”.  

 

Mark Goldby, Finance Director, SMS Electronics Ltd.

Testimonial

Commodity Risk

 

“Validus worked with us to develop a comprehensive commodity risk management programme – their analysis was both insightful and actionable.   We particularly value their independence, and they continue to work alongside our internal team to ensure our commodity price risks are managed effectively”


Gerry Gray, Finance Director, Strix Ltd.


Testimonial

FX, Commodity & Interest Rate Risk

 

“Validus comes up with risk management solutions that are innovative and comprehensive but practical to implement, that is their strength compared to other consulting companies we have worked with in the past.  Validus provided valuable insights into how FX, interest rate and commodity risks impact our organisation, and provide actionable recommendations and solutions.”

 

Andrew Ayres, Finance Director, U-POL Ltd.

Recent Comments