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
- GBP: Fed commentary through the weekend saw the USD opening stronger and Cable opening around the 1.3800-15 area struggling in early trading and lightly testing through the figure level into the Tokyo opening testing the 1.3790 area before recovering steadily through to the 1.3830 level into midsession, back end of Tokyo saw the USD again in ascendency and the Cable slipping through to push into the grey hour testing the 1.3785 area, Downside weak stops likely on a push through the 1.3780 with congestion likely through the 1.3750 and continuing into the 1.3700 level before stronger sellers reappear for a move through to lighter congestive bids on a run through the sentimental 50/00 areas with stronger bids likely to be limited too the 1.3500 area. Topside offers into the 1.3900 level likely to be light with weak stops very likely through the 1.3800 level and very little in the way of offers until into the 1.4000 level and strengthening from there into sentimental areas.
- JPY: Not as strong as the other pairs however, USDJPY started around the 110.25 area before filling the gap quickly through the 110.20 area and then slowly ranging around the 110.15-20 through to midsession before dropping back quickly to the 110.00 level and then weak stops triggered on a dip through and a quick dip again this time to the 109.70 level before finding some support for the pair, Topside offers light through the 110.20 level with very limited weak stops if any at all and congestion then appearing from the 110.40-60 area before stronger offers start to appear on any move towards the 110.80 level and likely to continue through the 111.20 level before stops appear however, stronger offers around the 111.50 level likely to limit the first move higher. Downside bids light through to the 109.00 and congestion all the way through, a push through the 108.80 level will likely see weak stops appearing and the market then seeing light congestion to the 108.50 and stronger bids from there on.
- AUD: Opening around the 0.7485 area and after the first hour slowly pushing through to midsession to test above the 0.7525 area before dipping away to move to the grey hour just off the 0.7485 opening area, light congestion to the Topside through the 0.7550 area however, a push through sees very little to slow the market through to the 0.7620 area and likely weak stops starting to build in the area, downside bids light and weak stops likely on a dip through todays lows and the market opening for a test through to the 0.7350 level with little trouble before stronger congestion through into the 0.7300 level.
- EUR: Opening lower the market slowly pushing through into the mid 1.1870’s before drifting from the midsession onwards to hold just above the 1.1850 level for the move into the grey hour, downside congestion through the 1.1820-1.1780 area, a break sees weak stops however, congestion is likely to continue to the 1.1700 level absorbing most of the pressure and likely stronger bids for the moment, Topside offers light through to the 1.1900 and limited congestion and increasing on a move through the 1.1960 level before stronger stops appear above the 1.2020 area if it could get there in a short squeeze.
Theories about Fed’s turn and why Beijing likes it – China Today
Fed’s Bullard says High inflation may warrant 2022 lift off – BBG
US preparing more sanctions against Russia – NYT
Australian Retail Sales soft in May due to Victoria lockdown – DJ
Some China banks cut rates of deposit certificates – Sec. News
Macron and Le Pen both disappoint in Frances regional election – BBG
Le Pen’s party third with 19% in regional vote – Exit poll
Macron’s party fourth with 12% in regional vote – Exit poll
AUD Retail Sales MoM (MAY) (P) A 0.1% | C 1.1% | P 1.1%
CNY PBoC Loan Prime Rate A 3.85% | P 3.85%
1515 EUR ECB’s Lagarde Speaks
2000 USD FOMC Member Williams Speaks
2200 NZD Westpac Consumer Sentiment (Q2) A | P 105.2
Any opinions, news, research, analyses, prices or other information contained on this Blog, whether by LMAX, its employees, partners or contributors, does not constitute investment advice nor has it been prepared in accordance with legal requirements designed to promote the independence of investment research. Further, the material 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. Whilst information provided on this Blog may help with your investment research you must consider carefully whether you should make (or refrain from making) investment or other decisions based on what you see without doing further research on the investments you are interested in. Participating in this Blog cannot be a substitute for obtaining advice from an appropriate expert independent adviser who takes into account your circumstances and specific investment needs in selected investments that are appropriate for you. LMAX 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 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 material produced in this Blog was obtained from sources deemed to be reliable, LMAX 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.
If you currently hold an account with LMAX for the purposes of trading FX and CFD’s, you are encouraged to use a different Username and Password to access the Blog or any other online systems. The Blog is a place to learn, discuss and share information and ideas with Blog followers. It is not a place to slander, use unacceptable language or to promote LMAX or any other FX, Spread Betting 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.