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LMAX Group blog - FX industry thought leadership

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  • Black Friday…..for markets

    It’s worth highlighting the exceptionally thin trading conditions as the week gets set to close out, with US desks already cleared out since mid-week for the Thanksgiving holiday break. Having said that, we are seeing some intense risk off flow into Friday. Audio update Technical highlights EURUSD Tests key 61.8% fib retrace GBPUSD Additional setbacks […]

  • Thanksgiving is here

    Trading conditions will be exceptionally thin for the remainder of the week on account of the US Thanksgiving holiday break. As we head into the break, the US Dollar is bid across the board on the back of bets the Fed will be shifting more towards the hawkish side in the months ahead. Audio update […]

  • The virus that won’t go away

    Concerns over the uptick in COVID cases in Europe have been on the rise. At the start of the week, it was worry around developments in eastern Europe. Now things have deteriorated in western Europe, with cases skyrocketing in France. Wrap-Up Call

  • Stacked US calendar ahead of holiday

    US equities continue to hold up just off record highs, though we have seen some cracks on the back of rising volatility in rates and FX markets. Now that we know Fed Chair Powell will remain at the helm, the market is getting a little more serious about pricing in some policy normalization. Audio update […]

  • Policy divergence and the US Dollar

    Better than expected PMI data out of the Eurozone helped to prop the Euro off a fresh multi-month low, though overall, the Euro remains well offered against the US Dollar along with the rest of the currency market. Wrap-Up Call

  • Market shaken up on Powell Reappointment

    The reappointment of Fed Chair Powell is the big story into Tuesday. The market has since reacted accordingly, pricing in a more hawkish leaning Fed. This has resulted in more US Dollar upside and reversal in US equities. Audio update Technical highlights EURUSD Tests key 61.8% fib retrace GBPUSD Additional setbacks limited USDJPY Expected to […]

  • Mixed start to the week

    We kick off the new week with the US Dollar tracking mildly bid against the major currencies, while getting sold against commodity FX. US equity futures are trading back up a bit after selling off on Friday, and ultimately, stocks remain well in demand overall, just off record highs. Wrap-Up Call

  • Quiet start to holiday thin week

    It’s going to be a short week for financial markets, with the US heading off mid-week for the Thanksgiving holiday break. And Monday is already a quiet day on the calendar. So we’re not sure how much activity market participants should be expecting. Audio update Technical highlights EURUSD Tests key 61.8% fib retrace GBPUSD Additional […]

  • Have you seen the Turkish Lira?

    The US equity market just isn’t worried about rising inflation. This would normally be a red flag for less investor friendly central bank policy. But we aren’t living in normal times and the way things have been, point to the market once again pressuring the Fed into keeping with easy policy. Audio update Technical highlights […]

  • Volatility around Fed Chair speculation

    Whenever we see any stress in risk markets, it doesn’t last long. On Wednesday, it looked like US equities were getting set to roll over in a big way, yet, on Thursday, at least thus far, it hasn’t been the case, with US equity futures well supported and back to trading higher again. Wrap-Up Call

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