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LMAX Exchange blog - FX industry thought leadership

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

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Daily Reports

Today’s report: US Dollar Rallies with Reluctance

The market continues to buy US Dollars, though the move has been less than convincing to this point, with the Buck unable to really gain much momentum despite the rally. It seems many out there are keeping an eye on the Euro, which to this point, is still holding up above the yearly low.   read report

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Wake-up call

Next 24 hours: Pound Having Hard Time Shaking off Brexit

Today’s report: Taking Price Action with a Grain of Salt

Though we’ve seen fresh 2019 lows in Kiwi, a beaten up Pound on renewed Brexit worry and the Euro tracking just off its yearly low against the Buck, overall conditions remain quite subdued in FX, and all of these markets remain confined to familiar ranges. UK, inflation, Canada retail sales and the Fed Minutes stand out on Wednesday.   read report

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Wake-up call

Next 24 hours: Pound Recovers on Hope for a Deal

Today’s report: China Liquidity Injection Won't Be Enough

China’s latest liquidity injection is trying to stabilise risk markets into Tuesday, after stocks took another hit in Monday trade, with a lot of that weakness sourced to the Huawei fallout and more tension between the US and China. Meanwhile, movement in the FX market has been exceptionally subdued, despite Dollar demand.   read report

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Wake-up call

Next 24 hours: Dollar Unwilling to Extend Run, Stocks Falter

Today’s report: US Dollar Strong.....But Deceptively So

The US Dollar is strong into the new week, though ultimately, there haven’t been any major changes to the outlook. The Pound has been hit the hardest of late, falling back on a breakdown in talks between the UK government and Labour opposition, and on the latest softer earnings component in the UK jobs report from the other week.   read report

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Wake-up call

Today’s report: Downside Risk Beyond US-China Trade

Global sentiment was trying to make a turnaroud back to the topside into Wednesday, in reaction to a softer, more encouraging round of White House rhetoric on trade with China. However, today’s softer China retail sales and industrial production prints are reminding investors about other downside risks.   read report

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Wake-up call

Today’s report: Trump Calms Markets.....For Now

There’s been some relief to risk markets on Tuesday, after we had seen another intense round of risk liquidation in Monday trade, on the back of escalated tension between the US and China. The market is feeling better about the President’s latest words, in which he has said he looks forward to talks at the G20 meeting.   read report

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Wake-up call

Next 24 hours: The Trouble of Another Bubble

Today’s report: Global Economy Vulnerable to US-China Fallout

The big story in global financial markets has been the break down in talks between the US and China. The Trump administration has communicated to China it has a month to secure a trade deal, or face tariffs on all exports to the US, while Treasury Secretary Mnuchin has added no follow-up trade talks are scheduled.   read report

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Wake-up call

Today’s report: Will Risk Markets Recover into the Weekly Close?

We come into Friday with the Yen standing out as the big winner on the week in the more actively traded currency space, while the Pound stands out as the underperformer in the group. Yen strength has been attributed to setbacks in US-China trade talks and the resulting broad based liquidation in risk assets. UK and US data ahead.   read report

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Wake-up call

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