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Fed Minutes Preview
The Fed Minutes are out in just a bit and the market will be very interested to see what comes of the central bank release. The last time the Fed met, policy was left on hold, though the Fed remained on course with its guidance for two more hikes this …
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LMAX Exchange committed to FX Global Code of Conduct
The launch of the first ever FX Global Code of conduct is now upon us and I sincerely hope the market adopts it wholeheartedly and strives to improve on it in the months and years ahead.
Specifically we expect that Principle 17 will be enhanced. It currently states trading activity in the last look window as ‘likely inconsistent’ with good market practice – we hope it will made inconsistent with good market practice in short order.
Video commentary by David Mercer, LMAX Exchange CEO
Guy Debelle should be congratulated for overseeing the birth of the code over the past 2 years and now the industry needs to follow the path of transparency highlighted throughout the Code to rebuild trust in our great FX market.
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LMAX Exchange committed to FX Global Code of Conduct
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Daily FX Market Commentary
Good morning, LMAX Close USDJPY 111.788 | EURUSD 1.11826 | AUDUSD 0.74772 | NZDUSD 0.7014 | USDCAD 1.35125 | USDCHF 0.97602 | GBPUSD 1.29617 | LMAX Highs and Lows 5am 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 1.11921 | 1.11773 USDJPYÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 111.993 | 111.734 GBPUSDÂ Â Â Â Â Â Â Â Â Â Â Â Â Â 1.29783 | 1.2955 USDCHFÂ Â Â Â Â Â Â Â Â Â Â Â Â Â 0.97647 | 0.97499 AUDUSDÂ Â Â Â Â Â Â Â Â Â Â Â Â 0.74817 […]
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US Dollar Comeback?
The US Dollar is finally showing some signs of fight after a period of extended weakness, with the price action assigned to profit taking, dovish speak from ECB Coeure and hawkish comments from Fed Harker who still sees the Fed staying the course, rais…