-
Jurassic FX – pt 1: The Global Code of Conduct and Prehedgeosaurus
Welcome to the world of Jurassic FX. In this ancient land the new ruler is the Global Code of Conduct where the last 2 great beasts of a dying breed seek to preserve their territory. These 2 beasts go by the name of:
- Prehedgeosaurus – otherwise known as Principle 11
- Lastlookosaurus – otherwise known as Principle 17
Let’s examine Prehedgeosurus first. He knows pre-hedging is it in itself a misnomer. But he must retain this legitimised front-running ability. Fast forward to Annex 1 with rose tinted examples of bygone days, when the hedge happens before the client trades and the client benefits. Not a cold hard 21st century example of the market becoming aware of an order before a trade is executed and hitting every bidder or offer in sight so that if the client has more to do he’s immediately off-side. Give me the full amount says Prehedgeosaurus – you’ll be ok…
-
Jurassic FX – pt 1: The Global Code of Conduct and Prehedgeosaurus
457
-
ECB Preview – Steady Boat
While there has been some debate on whether or not the ECB will choose to lean a little less dovish, by most accounts, the event is not expected to make too many waves, particularly with no real policy change expected and with the market not looking to…
-
Jurassic FX – Pt 2: The Global Code of Conduct and Lastlookosaurus
457
-
Daily FX Market Commentary
Good morning, LMAX Close USDJPY 114.369 | EURUSD 1.05412 | AUDUSD 0.75275 | NZDUSD 0.69074 | USDCAD 1.3492 | USDCHF 1.01475 | GBPUSD 1.21683 | LMAX Highs and Lows 6am GMT Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â High | Low EURUSDÂ Â Â Â Â Â Â Â Â Â Â Â Â Â 1.05478 | 1.05283 USDJPYÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 114.593 | 114.368 GBPUSDÂ Â Â Â Â Â Â Â Â Â Â Â Â Â 1.21780 | 1.21525 USDCHFÂ Â Â Â Â Â Â Â Â Â Â Â Â Â 1.01606 | 1.01418 AUDUSDÂ Â Â Â Â Â Â Â Â Â Â Â Â 0.75342 […]
-
Thursday Risk Overshadowed by Friday’s Jobs Report
Thursday’s economic calendar isn’t all that active, with the only standouts coming from the ECB decision and US initial jobless claims. But with the US monthly employment report waiting around the corner, it’s unlikely we get much in the way of any new…