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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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  • Pound feeling better about the path forward

    More risk on flow as Wednesday gets going, with US equity futures pushing even higher and that much closer to record highs seen in late 2018. On the FX front, things have been a lot less trendy and a whole lot choppier, with the latest run of US Dollar demand coming to a halt and […]

  • Closing Out a Choppy, Directionless Q1 2019

    The US Dollar has been in demand in this latter portion of the week and this latest wave of buying has come from downside risk abroad, after Thursday’s economic data out of Europe was soft and the Pound could not ignore some new uncertainty around the state of Brexit. Watch out for added volatility on […]

  • Investors looking for risk on catalyst

    The market will be wanting to feel more optimistic about US-China trade deal prospects, with a fresh wave of risk off flow working its way into markets this week. Upgraded concerns about the global growth outlook have been working the rounds and we’ve seen this stress manifest through the Swiss Franc, with the EURCHF rate […]

  • Surprise RBNZ Decision Rocks Kiwi

    The New Zealand Dollar is getting a lot of attention early Wednesday, with the currency getting smoked on the back of a surprisingly dovish RBNZ decision, in which the central bank left rates on hold but transitioned from neutral guidance. Looking ahead, we get a Draghi appearance and US trade data. Audio update

  • Investors Find Comfort in Yellen’s Words

    Janet Yellen was out calming global markets after saying a US recession wasn’t likely. We’ve since seen attempts to rally stocks out from this latest minor sell-off low. Still, the reality of exhausted monetary policy tools in a world that could still be in need of such measures, is a reality that may keep stocks […]

  • Risk liquidation carries over into new week

    The new week opens up much like it closed out. Risk assets are under pressure, with US equity futures extending declines and negatively impacting global markets. Global growth concerns have ramped up in the aftermath of a recent run of discouraging data and the money markets are now pricing in an 80% chance for a […]

  • Lots of Chop, No Clear Direction

    Currency markets have been quite choppy in 2019, with no clear trend taking form. It seems, each time it looks as though we’re about to see a breakout, the market reverses sharply the other way. Looking at the Friday calendar, key standouts come from German and Eurozone manufacturing PMIs, Canada retail sales and CPI, and […]

  • Dovish Fed, BOE Ahead, Trade Talks Sour

    The market was expecting the Fed to deliver a dovish message on Wednesday, but was surprised nonetheless, after the central bank adjusted the dot plot to show no rate hikes in 2019. As far as today goes, attention shifts back over to the UK, with the Bank of England decision due, along with an EU […]

  • Bracing for Central Bank Event Risk Impact

    The market has been mostly quiet this week and a lot of that could have something to do with not wanting to be making any big decisions ahead of today’s event risk. The big focus on Wednesday will be the Fed decision late in the day, with not much else going on ahead of the […]

  • Why the Pound can rally into this next phase of Brexit uncertainty

    We’re coming out of a quiet Monday session and have continued with the consolidation into Tuesday. Even the Pound, which had been a mild underperformer in a sea of what was broad US Dollar weakness, has recovered back up to where it had been trading ahead of its Monday decline, brought on by uncertainty around […]

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