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LMAX Group blog - FX industry thought leadership

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  • Currencies Supported on Stretched Technicals, Chatter

    While Friday’s weaker than expected US GDP data has taken a little out of the US Dollar’s momentum, the setbacks aren’t anything to write home about, with the Buck still firmly in the driver’s seat. Still, currencies are supported a bit in …

  • Month End Flows – Franc Wins Out But USD Still King

    We are in the final day of trade for January and month end flows are always good enough reason for added volatility on the exchange, especially in the first month of the year. As we look back at the month, there have been many highlights, not the least…

  • Fed’s Dovish Warnings Get No Love

    The Fed offered something for both hawks and doves to chew on, although it’s the hawks that felt more satiated in the aftermath. While doves focused in on the Fed’s acknowledgement of lower inflation and international concerns, hawks convinced mark…

  • Markets Position Ahead of Key Fed Decision

    The major focus for Wednesday is unquestionably the FOMC decision. The US Dollar has been on a fierce upward path over the past several months as markets price monetary policy divergence and increasingly favourable US Dollar yield differentials. But in…

  • Currency Correction Underway – But For How Long?

    We have finally entered a period of correction in currency markets, with a bout of short-term profit taking on Dollar longs working its way through in the early week. But how long such a correction lasts is very much in question, with the fundamental o…

  • Will The Fed Be Forced To Change Its Tune?

    The Syriza victory and latest ECB QE package do not lend themselves to any significant Euro rallies over the foreseeable future and it should continue to be a tough go for the single currency. Meanwhile, the Buck is broadly bid across the board, ignori…

  • Can Anything Derail The Furious Pace of USD Gains?

    The Euro has extended declines to 11 year lows, with many now calling for an even bigger drop. All of the FX flows are headed in one direction right now, and it seems the only thing that could derail the furious rally in the Buck would be a Fed that re…

  • What Will The ECB Do Post SNB, BoC?

    The currency devaluation race is now in full swing, and we have entered a new phase where the Fed monetary policy divergence theme is becoming even more pronounced. The ECB is on tap, with the market looking for a QE package in the EUR500B-750B range. …

  • Pound, Loonie Volatility Expected To Pick Up Wednesday

    A lot of consolidation going on in the market at the moment, with participants still reflecting on last week’s SNB move and positioning ahead of tomorrow’s all important ECB decision. But in the interim, for Wednesday trade, the focus will be on th…

  • US Dollar Still Well Supported On Dips

    The intensity of the US Dollar rally over the past several months has not faded, with any USD sell-offs short-lived. The Dollar is back at it on Tuesday, well bid across the board and contemplating fresh highs against the Pound, Canadian Dollar and Eur…

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