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

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LMAX Exchange Market Commentary

Daily FX Rambles

Andy Harrison

Andy Harrison

Good morning,

 

NYK Close

EUR                        1.33205

GBP                       1.60257

JPY                         82.076

CHF                        0.9037

AUD                       1.04189

NZD                       0.82541

CAD                       0.99058

EURCHF                1.20383

EURGBP               0.83114

EURJPY                 109.331

Harry Hindsight

Mixed day for the Euro’s with no change on the PMI Euro’s attempted to rally during the early part on London again failing towards the 1.3385 level but having made the move sellers took advantage of the resistance and moved in swiftly, the move lower was a lot quicker than the move up trading down to 1.3280 level before finding some support […]

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Daily FX Rambles

Andy Harrison

Andy Harrison

Good morning,

Weekend News

CNY: China March Manufacturing PMI at 53.1
CNY: China HSBC Manufacturing PMI Falls to 48.3 in March
CNY: China Expects to Narrow Its Current Account Surplus This Year
EUR/CNY: Italy, China to Strengthen Cooperation, Monti Says in Beijing
EUR: Europe Eyes IMF War Chest Boost as Firewall Tops $1 Trillion
EUR: EU Officials Praise Spain Budget, Urge Speedy Implementation
EUR: Schaeuble Condemns Discord ’Nonsense’ Following Euro Spat
EUR: OECD’s Padoan Sees Euro Area as Biggest Threat to Global […]

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Daily FX Rambles

Andy Harrison

Andy Harrison

Good morning,

 

NYK Close

EUR                        1.33019

GBP                       1.59577

JPY                         82.459

CHF                        0.90624

AUD                       1.03847

NZD                       0.81386

CAD                       0.99662

EURCHF                1.20542

EURGBP               0.8336

EURJPY                 109.678

  
Harry Hindsight

Well yesterday’s Italian bonds auction didn.t quiet go to plan triggering a return to uncertainty’s for the future, more concerns on the Greek front with S&P’s Kraemer making comments about further restructuring in the future, Euro’s moved down again not so dramatically but by NYK opening we were testing below 1.3260 and looking for fresh ideas, the market stabilised at […]

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Daily FX Rambles

Andy Harrison

Andy Harrison

Good morning,

 

NYK Close

EUR                        1.33162

GBP                       1.58882

JPY                         82.888

CHF                        0.90519

AUD                       1.03884

NZD                       0.81614

CAD                       0.99834

EURCHF                1.20545

EURGBP               0.83811

EURJPY                 110.378

  
Harry Hindsight

Headlines printed that the EU is set to boost the aid ceiling to €940B for one year, running the ESM alongside the EFSF allowing the unused €240B to be used until mid-2013 after which point the normal ceiling will revert of €700B. Spanish EcoMin Guindos made a few comments basically saying he didn’t expect the […]

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Daily FX Rambles

Andy Harrison

Andy Harrison

Good morning,

 

NYK Close

EUR                        1.33169

GBP                       1.59508

JPY                         83.169

CHF                        0.90505

AUD                       1.04568

NZD                       0.82198

CAD                       0.99522

EURCHF                1.20536

EURGBP               0.83487

EURJPY                 110.758

  
Harry Hindsight

Euro’s spike to the bottom end of the downward channel dating back to last year, and with a decent Italian auction the break out was looking good, until it ran into large resistance the move was over and done with and declined almost as quickly as the stop loss runners and break out merchants had taken it up, from that […]

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Daily FX Rambles

Andy Harrison

Andy Harrison

Good morning,

 

NYK Close

EUR                        1.33575

GBP                       1.59707

JPY                         82.818

CHF                        0.90293

AUD                       1.05339

NZD                       0.8212

CAD                       0.99092

EURCHF                1.20607

EURJPY                 110.634

EURGBP               0.83639

  
Harry Hindsight

The Asian market was very quiet and the ranges tight, Euro’s moved into the London session just above the 1.3260 level and looking vulnerable however, German IFO numbers came in better than expected helping to stave off any move down through 1.3200, even so it was only comments from Bernanke that turned the market fully, one would surmise that the US […]

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Daily Rambles

Andy Harrison

Andy Harrison

Good morning,

 

NYK Close Asian open

                NY closing           Bid    Offer
USD/JPY      82.44              82.35  82.45
EUR/USD      1.3268          1.3266  1.3273
EUR/JPY      109.4              109.25  109.43
AUD/USD      1.0478         1.0445  1.047
NZD/USD      0.8187          0.8155  0.819
USD/CAD      0.9977          0.9975  0.9999
EUR/CHF      1.205             1.2048  1.2055
USD/CHF      0.9081          0.9075  0.9094
GBP/USD      1.5868          1.586  […]

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Andy Harrison

Andy Harrison

Good morning,

NYK Close Asian open

                NY closing           Bid    Offer
USD/JPY      82.44              82.35  82.45
EUR/USD      1.3268          1.3266  1.3273
EUR/JPY      109.4              109.25  109.43
AUD/USD      1.0478         1.0445  1.047
NZD/USD      0.8187          0.8155  0.819
USD/CAD      0.9977          0.9975  0.9999
EUR/CHF      1.205             1.2048  1.2055

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