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.
Any opinions, news, research, analyses, prices or other information ("information") contained on this Blog, constitutes marketing communication and it has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Further, the information contained within this Blog does not contain (and should not be construed as containing) investment advice or an investment recommendation, or an offer of, or solicitation for, a transaction in any financial instrument. LMAX Group has not verified the accuracy or basis-in-fact of any claim or statement made by any third parties as comments for every Blog entry.
LMAX Group will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. No representation or warranty is given as to the accuracy or completeness of the above information. While the produced information was obtained from sources deemed to be reliable, LMAX Group does not provide any guarantees about the reliability of such sources. Consequently any person acting on it does so entirely at his or her own risk. It is not a place to slander, use unacceptable language or to promote LMAX Group or any other FX and CFD provider and any such postings, excessive or unjust comments and attacks will not be allowed and will be removed from the site immediately.
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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Any opinions, news, research, analyses, prices or other information ("information") contained on this Blog, constitutes marketing communication and it has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Further, the information contained within this Blog does not contain (and should not be construed as containing) investment advice or an investment recommendation, or an offer of, or solicitation for, a transaction in any financial instrument. LMAX Group has not verified the accuracy or basis-in-fact of any claim or statement made by any third parties as comments for every Blog entry.
LMAX Group will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. No representation or warranty is given as to the accuracy or completeness of the above information. While the produced information was obtained from sources deemed to be reliable, LMAX Group does not provide any guarantees about the reliability of such sources. Consequently any person acting on it does so entirely at his or her own risk. It is not a place to slander, use unacceptable language or to promote LMAX Group or any other FX and CFD provider and any such postings, excessive or unjust comments and attacks will not be allowed and will be removed from the site immediately.