The suspicion is growing that central banks
may have stepped into FX markets to dampen volatility earlier.
Following a surprisingly large “leave” vote
in the council area of Sunderland, Cable dropped over 500 points in thin
liquidity but “hit a brick ...
News that the North East England council
borough of Sunderland had voted ‘leave” in the UK’s EU referendum sent
shockwaves through the FX market, and saw Cable plunge more than 500 points in
a very short space of time.
In spite of some sharp moves within a 70
point range, dealers report that bank price engines are coping well ahead of
the bulk of results in the UK’s EU referendum.
“We widened the spread for the first 10
minutes after ...
With voting in
the UK referendum on whether or not the leave the European Union now over, the
currency markets are braced for a bout of volatility.
The final polls
continued to show that the outcome of the referendum is ...
Principal trading firm
Geneva Trading has acquired the assets of Asian-based options trading firm Toji
Geneva has offices in
the US and Europe and the acquisition of Toji, which it says has “deep
expertise in the Asian Pacific markets”, ...
RFX Network has expanded its reach by establishing itself as a certified end
point on the Charles River Network Service, thus continuing its drive to offer
an alternative to the WMR Benchmark Fix.
Russell teamed with
Integral Development ...
It was the turn of Cable to go off on a
spree in Asia, with the pair moving from just below 1.4480 to above 1.4640 in less
than 90 seconds.
As usual there are rumours as to why the
move occurred, with a “...
Volume data released by EBS and Thomson
Reuters confirms that, for the multi-dealer platforms at least, May was a
difficult month, with all platforms bar one to report data recording their
worst performance of the year.
Data from EBS shows ...
Reuters has added to
the market volatility following the US non-farm payrolls shocker – only 38k
jobs were created in May versus the analysts’ consensus for 160k – by flashing
that the Swiss National Bank had introduced negative rates.
EURCHF immediately went
Over the years, many predictions about how
one market will come to resemble another have proved completely inaccurate.
However, what is becoming increasingly true is how changes in one market almost
always spill over into others.
There are numerous examples ...