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LMAX Group blog - FX industry thought leadership

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  • Profit taking, soft ISM inspire Dollar reversal

    The market tantrum over Wednesday’s less dovish leaning Fed decision carried over into Thursday trade, with currencies extending their run of declines against the Buck. But the move started to look tired as the day went on, which finally inspired a wave of profit taking on long Dollar exposure. Wrap-Up Call

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  • Daily FX Market Commentary

    Good Morning, LMAX Close USDJPY 108.771 | EURUSD 1.10762 | AUDUSD 0.68465 | NZDUSD 0.6558| USDCAD 1.31913 | USDCHF 0.99396 | GBPUSD 1.21594 | LMAX highs and Lows 05.00 GMT Highs | Lows EURUSD 1.10831 | 1.10347 USDJPY 109.315 | 108.697 GBPUSD 1.21660 | 1.21016 USDCHF 0.99743 | 0.99337 AUDUSD 0.68571 | 0.68283 USDCAD 1.32191 […]

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  • Not the decision the market was looking for

    We come into Thursday with the market digesting the latest Fed policy decision, in which the central bank cut rates for the first time in over a decade, by way of a 25 basis point adjustment. Still, while a lot of what the Fed delivered was expected, it was clear the market was looking for […]

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