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Daily FX Market Commentary
Good Morning, LMAX Close USDJPY 107.341 | EURUSD 1.10852 | AUDUSD 0.68014 | NZDUSD 0.65538 | USDCAD 1.32116 | USDCHF 0.99037 | GBPUSD 1.21314 | LMAX highs and Lows 05.00 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 Highs | Lows EURUSDÂ Â Â Â Â Â Â Â Â Â Â Â Â 1.10969 | 1.1070 USDJPYÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â 107.562 | 106.851 GBPUSDÂ Â Â Â Â Â Â Â Â Â Â Â Â 1.21452 | 1.20907 USDCHFÂ Â Â Â Â Â Â Â Â Â Â Â Â Â 0.99098 | 0.98764 AUDUSDÂ Â Â Â Â Â Â Â Â Â Â Â 0.68183 | 0.67954 […]
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Making sense of the market madness
In our Thursday call, we warned there would be blowback, after the Fed did nothing to help the US administration’s cause, when it delivered the less dovish than expected decision. While a falling stock market is not in the interest of the US government, a rallying US Dollar is quite arguably, a lot more distressing. […]