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LMAX Exchange blog - FX industry thought leadership

All the latest business and technology views and insights on the FX industry from LMAX Exchange management and staff

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  • Pound feeling better about the path forward

    More risk on flow as Wednesday gets going, with US equity futures pushing even higher and that much closer to record highs seen in late 2018. On the FX front, things have been a lot less trendy and a whole lot choppier, with the latest run of US Dollar demand coming to a halt and […]

  • US equities still running higher, Bitcoin breaks out

    The Euro hasn’t been able to do much after suffering another round of setbacks back towards multi-month lows, with that softer round of Monday data still weighing. At the same time, dealers continue to talk of sizable demand from medium and longer term players looking to build long exposure around current levels. Wrap-Up Call

  • Closing Out a Choppy, Directionless Q1 2019

    The US Dollar has been in demand in this latter portion of the week and this latest wave of buying has come from downside risk abroad, after Thursday’s economic data out of Europe was soft and the Pound could not ignore some new uncertainty around the state of Brexit. Watch out for added volatility on […]

  • Dollar runs, Gold slumps in sea of confusion

    The US Dollar is running the show on Thursday, though the price action hasn’t been as easy to reconcile, with many talking flight to safety, all while stocks hold up and GOLD tanks back below 1300. Looking to Friday, highlights include UK GDP, Canada GDP and US core PCE. Wrap-Up Call

  • Investors looking for risk on catalyst

    The market will be wanting to feel more optimistic about US-China trade deal prospects, with a fresh wave of risk off flow working its way into markets this week. Upgraded concerns about the global growth outlook have been working the rounds and we’ve seen this stress manifest through the Swiss Franc, with the EURCHF rate […]

  • Perplexing Dynamics in Global Markets

    We’re looking at another perplexing dynamic in global financial markets, where it’s difficult to reconcile what could easily be described as confounding price action. Global growth concerns have manifest in the bond and FX markets, while at the same time, stocks are seemingly unbothered. Wrap-Up Call

  • Surprise RBNZ Decision Rocks Kiwi

    The New Zealand Dollar is getting a lot of attention early Wednesday, with the currency getting smoked on the back of a surprisingly dovish RBNZ decision, in which the central bank left rates on hold but transitioned from neutral guidance. Looking ahead, we get a Draghi appearance and US trade data. Audio update

  • Eurosceptics adjusting to reality

    A lot of choppy price action on Tuesday, though no moves that offered up any indication of that next directional move in FX. Investor appetite for risk won’t be denied and has been trying to work its way back. Janet Yellens’ recent remarks that she doesn’t see a US recession have definitely helped. The Pound […]

  • Investors Find Comfort in Yellen’s Words

    Janet Yellen was out calming global markets after saying a US recession wasn’t likely. We’ve since seen attempts to rally stocks out from this latest minor sell-off low. Still, the reality of exhausted monetary policy tools in a world that could still be in need of such measures, is a reality that may keep stocks […]

  • Euro gets a boost from German IFO

    Though stocks extended declines in early Monday trade, the same could not be said for currencies, with the Euro bid back up out from the Friday lows and currencies mostly following suit. The well-received German IFO readings came as a relief after the Euro had suffered from discouraging manufacturing prints at the end of last […]

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