TCA and fair execution.
The metrics that
the FX industry must use.
DOWNLOAD
Friday’s calendar won’t be short on economic data, even with the US market out for the long holiday weekend. Friday’s docket includes German retail sales, German unemployment, Eurozone inflation, Eurozone unemployment, a speech from ECB Guindos, BOE consumer credit, lending and mortgage approvals, and Canada GDP and producer prices. read report
Trading conditions will be super thin for the remainder of the week, with the US out for the Thanksgiving holiday. There has however been some tension around US-China trade negotiations, with China clearly unhappy about President Trump’s signing of bills in support of Hong Kong protestors. read report
Trading conditions will thin out dramatically later today, as the US heads off for the Thanksgiving long holiday weekend. But before they do, we’ll first get a massive dump of economic data that could have an impact on market direction. read report
The market has been more upbeat about the US-China trade deal outlook and this has helped to propel US equities to yet another record high. There hasn’t been much of any reaction to comments from the Fed Chair, with the central banker offering up nothing new to chew on. read report
Investor sentiment is looking up as the week gets going, with the market feeling good about US-China trade deal prospects as China says it will raise penalties on intellectual property violations, which should be a comfort to the US. read report
All of the headlines and data this week and in the end, from a price action perspective, none of it proved to be meaningful. Currencies are all confined to well within 1% of the US Dollar, while stocks barely budged. read report
We’re into the latter portion of the week and price action in the FX market hasn’t been anything to write home about. Currencies remain confined to familiar ranges, waiting for that next big volatility catalyst, whenever it does decide to reveal itself. read report
Investor sentiment has been in deterioration mode into Wednesday, with risk markets under pressure on the news of the U.S. Senate's unanimous passing of a bill backing protesters in Hong Kong and China's subsequent retaliation threat. read report
The US Dollar has been weaker of late, and a lot of this has been attributed to fallout from last week’s abysmal US industrial production print, the worst in over ten years. The discouraging manufacturing update could only serve to embolden the US administration’s protectionist, soft Dollar agenda, and this has resonated with currency traders. read report
We come into the new week with currencies still mostly sideways and unsure of their next big move against the Buck. The market is still waiting for clarity on the US-China trade deal, though the absence of clarity certainly hasn’t worried US stocks, which have once again extended their record run. read report
