When you look at the price action since the weekly open, it might be deceptive, with the Euro having just rallied to a fresh 2017 high, but also tracking lower on the week. Of course, this is because the gap open on Monday, to the tune of about 200 points, which makes the price action much easier to reconcile. read report
Next 24 hours: Euro Bulls Let Down by Dovish ECB
Special report: ECB Preview – Taking it Easy
The Canadian Dollar is finally getting some relief early Thursday, outperforming across the board on the news the US government will not be terminating NAFTA at this time. Meanwhile the BOJ has left policy on hold as widely expected. Looking ahead, the market will continue to focus on global politics while also taking in the ECB decision. read report
Markets have been moving in many directions this week, with traditional correlations less relevant in the face of various risks, or the mitigation thereof, that have been regional and sector specific. For today, it will probably be the US administration's tax reforms and talk on trade that generate the most buzz. read report
Next 24 hours: Euro and Pound Bid, JPY Hit, Commodity FX Crushed
France election risk is out of the way and the market is turning its attention back to some of the other big themes at the moment. Geopolitical risk is one of those themes and all eyes are on developments out of North Korea to see what it might do to provoke its neighbors and escalate tension. read report
Next 24 hours: Keep Going or Fill the Gaps?
In our Friday special report covering France first round election risk, we warned of the possibility for an immediate jump in the Euro on the open to 1.0900. Now that this has played out on confirmation of the base case outcome in France, where will the market turn its attention and what will be the next move it takes? read report
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 Exchange 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 Exchange 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 Exchange 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 Exchange 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.
LMAX Exchange will clearly identify and mark any content it publishes or that is approved by LMAX Exchange.
FX and CFDs are leveraged products that can result in losses exceeding your deposit. They are not suitable for everyone so please ensure you fully understand the risks involved. The information on this website is not directed at residents of the United States of America, Australia (we will only deal with Australian clients who are "wholesale clients" as defined under the Corporations Act 2001), Canada (although we may deal with Canadian residents who meet the "Permitted Client" criteria), Singapore or any other jurisdiction where FX trading and/or CFD trading is restricted or prohibited by local laws or regulations.
LMAX Limited operates a multilateral trading facility. LMAX Limited is authorised and regulated by the Financial Conduct Authority (firm registration number 509778) and is a company registered in England and Wales (number 6505809). Our registered address is Yellow Building, 1A Nicholas Road, London, W11 4AN.