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LMAX Exchange Market Commentary

Fed pivot trade gets another boost

LMAX Exchange

The Fed pivot trade got another boost on Thursday, this after US CPI declined further in December. Traders are now fully embracing a 2023 Fed policy turnaround despite still higher core services inflation reads and strong employment numbers.

Audio Update

Technical highlights

  • EURUSD Case for longer term bottom
  • GBPUSD Setbacks should be supported
  • USDJPY Closing in on previous resistance
  • AUDUSD Lower top sought out
  • USDCAD Well supported on dips
  • NZDUSD Additional upside limited
  • US SPX 500 Looking for downtrend […]

read more…

Daily FX Market Commentary

Andy Harrison

Good Morning,

 

LMAX Close

USDJPY 110.787 | EURUSD 1.1936 | AUDUSD 0.7594 | NZDUSD 0.70688 | USDCAD 1.22982 | USDCHF 0.91688 | GBPUSD 1.38828 |

 

LMAX Highs and Lows 0500 GMT

Highs | Lows   

EURUSD               1.19419 | 1.19203

USDJPY                110.842 | 110.629

GBPUSD              1.38980 | 1.38766

USDCHF              0.91882 | 0.91674

AUDUSD              0.75950 | 0.75773

NZDUSD              0.70857 | 0.70615

USDCAD              1.23122 | 1.22906

EURCHF               1.09555 | 1.09452

EURGBP              0.86050 | 0.85849

EURJPY                132.346 | 131.93

 

For Today

 

  • GBP: Opening a touch higher and quickly filling the gap only to range in the 1.3880-90 through into […]

read more…

Daily FX Market Commentary

Andy Harrison

Good Morning,

 

LMAX Close

USDJPY 110.883 | EURUSD 1.19314 | AUDUSD 0.75832 | NZDUSD 0.70642 | USDCAD 1.2323 | USDCHF 0.91801 | GBPUSD 1.39238 |

 

LMAX Highs and Lows 0500 GMT

Highs | Lows   

EURUSD               1.19450 | 1.19271

USDJPY                110.982 | 110.807

GBPUSD              1.39351 | 1.3914

USDCHF              0.91822 | 0.91707

AUDUSD              0.75939 | 0.7580

NZDUSD              0.70760 | 0.70562

USDCAD              1.23297 | 1.23114

EURCHF               1.09565 | 1.09505

EURGBP              0.85744 | 0.85604

EURJPY                132.445 | 132.23

 

For Today

 

  • GBP: Drifting from the opening around the 1.3920 level to test just above the 1.3910 level before starting […]

read more…

Daily FX Market Commentary

Andy Harrison

Good Morning,

 

LMAX Close

USDJPY 110.962 | EURUSD 1.1927 | AUDUSD 0.75763 | NZDUSD 0.70427 | USDCAD 1.23053 | USDCHF 0.91824 | GBPUSD 1.39628 |

 

LMAX Highs and Lows 0500 GMT

Highs | Lows   

EURUSD               1.19335 | 1.19192

USDJPY                111.119 | 110.95

GBPUSD              1.39703 | 1.39511

USDCHF              0.91949 | 0.91819

AUDUSD              0.75796 | 0.75687

NZDUSD              0.70544 | 0.70342

USDCAD              1.23135 | 1.23017

EURCHF               1.09624 | 1.0954

EURGBP              0.85454 | 0.85387

EURJPY                132.564 | 132.322

 

For Today

 

  • GBP: Opening around the 1.3965 area and struggling to push through the 1.3970 level and eventually slipping away […]

read more…

Daily FX Market Commentary

Andy Harrison

Good Morning,

 

LMAX Close

USDJPY 110.671 | EURUSD 1.19411 | AUDUSD 0.75535 | NZDUSD 0.70278 | USDCAD 1.2306 | USDCHF 0.91828 | GBPUSD 1.39487 |

 

LMAX Highs and Lows 0500 GMT

Highs | Lows   

EURUSD               1.19434 | 1.19192

USDJPY                110.853 | 110.622

GBPUSD              1.39563 | 1.39241

USDCHF              0.91994 | 0.91826

AUDUSD              0.75597 | 0.75381

NZDUSD              0.70252 | 0.69959

USDCAD              1.23268 | 1.23051

EURCHF               1.09660 | 1.09586

EURGBP              0.85649 | 0.85524

EURJPY                132.222 | 132.045

 

For Today

 

  • GBP: Moving through from the opening into Tokyo and the Fix saw the market holding around the 1.3950 […]

read more…

Daily FX Market Commentary

Andy Harrison

Good Morning,

 

LMAX Close

USDJPY 110.324 | EURUSD 1.19183 | AUDUSD 0.75389 | NZDUSD 0.69929 | USDCAD 1.23621 | USDCHF 0.91798 | GBPUSD 1.39343 |

 

LMAX Highs and Lows 0500 GMT

Highs | Lows   

EURUSD               1.19219 | 1.19011

USDJPY                110.473 | 110.215

GBPUSD              1.39376 | 1.39019

USDCHF              0.91963 | 0.91709

AUDUSD              0.75454 | 0.75126

NZDUSD              0.70030 | 0.6971

USDCAD              1.23826 | 1.23591

EURCHF               1.09489 | 1.09395

EURGBP              0.85616 | 0.85486

EURJPY                131.555 | 131.22

 

For Today

 

  • GBP: Opening on the highs around the 1.3935 level the market drifted through into the Tokyo session slipping […]

read more…

Daily FX Market Commentary

Andy Harrison

Good Morning,

 

LMAX Close

USDJPY 110.226 | EURUSD 1.18616 | AUDUSD 0.74793 | NZDUSD 0.69312 | USDCAD 1.24674 | USDCHF 0.92322 | GBPUSD 1.37985 |

 

LMAX Highs and Lows 0500 GMT

Highs | Lows   

EURUSD               1.18764 | 1.18479

USDJPY                110.310 | 109.719

GBPUSD              1.38285 | 1.3788

USDCHF              0.92359 | 0.92173

AUDUSD              0.75220 | 0.74811

NZDUSD              0.69728 | 0.69331

USDCAD              1.24765 | 1.24364

EURCHF               1.09518 | 1.09362

EURGBP              0.86017 | 0.85824

EURJPY                130.972 | 130.044

 

For Today

 

  • GBP: Fed commentary through the weekend saw the USD opening stronger and Cable opening around the 1.3800-15 area […]

read more…

Daily FX Market Commentary

Andy Harrison

Good Morning,

 

LMAX Close

USDJPY 109.325 | EURUSD 1.21761 | AUDUSD 0.77524 | NZDUSD 0.72006 | USDCAD 1.20953 | USDCHF 0.89454 | GBPUSD 1.41763 |

 

LMAX Highs and Lows 0500 GMT

Highs | Lows   

EURUSD               1.21914 | 1.21705

USDJPY                109.453 | 109.292

GBPUSD              1.41791 | 1.41574

USDCHF              0.89508 | 0.89345

AUDUSD              0.77576 | 0.77454

NZDUSD              0.72099 | 0.71865

USDCAD              1.21017 | 1.20865

EURCHF               1.08959 | 1.08872

EURGBP              0.85985 | 0.85855

EURJPY                133.367 | 1.33073

 

For Today

 

  • GBP: A quiet Asian session with the market holding around the closing area to range through to the […]

read more…

Daily FX Market Commentary

Andy Harrison

Good Morning,

 

LMAX Close

USDJPY 109.637 | EURUSD 1.21796 | AUDUSD 0.77315 | NZDUSD 0.71809 | USDCAD 1.2111 | USDCHF 0.89585 | GBPUSD 1.41142 |

 

LMAX Highs and Lows 0500 GMT

Highs | Lows   

EURUSD               1.21812 | 1.21645

USDJPY                109.679 | 109.518

GBPUSD              1.41243 | 1.4107

USDCHF              0.89641 | 0.89579

AUDUSD              0.77367 | 0.77221

NZDUSD              0.71831 | 0.71657

USDCAD              1.21238 | 1.21101

EURCHF               1.09133 | 1.08994

EURGBP              0.86315 | 0.86194

EURJPY                133.551 | 133.281

 

For Today

 

  • GBP: Opening around the 1.4115 level and unable to break the 1.4110 throughout the Asian session, moving through […]

read more…

Daily FX Market Commentary

Andy Harrison

Good Morning,

 

LMAX Close

USDJPY 109.492 | EURUSD 1.2173 | AUDUSD 0.77379 | NZDUSD 0.71993 | USDCAD 1.21156 | USDCHF 0.89686 | GBPUSD 1.41536 |

 

LMAX Highs and Lows 0500 GMT

Highs | Lows   

EURUSD               1.21852 | 1.21711

USDJPY                109.515 | 109.405

GBPUSD              1.41682 | 1.41458

USDCHF              0.89770 | 0.89592

AUDUSD              0.77445 | 0.77333

NZDUSD              0.72034 | 0.71896

USDCAD              1.21172 | 1.21031

EURCHF               1.09200 | 1.09169

EURGBP              0.86040 | 0.85962

EURJPY                133.363 | 133.204

 

For Today

 

  • GBP: Opening around the 1.4150 level and a steady climb through to just below the 1.4170 area before […]

read more…

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