New 'cable' trading - tech could enhance landlocked FX cities
The supremacy of financial Centre’s such as London, New York and Tokyo in the $5 trillion-a-day (3.44 trillion pounds) worldwide currency market may deal with challenges from landlocked cities as new innovation wears down the benefit provided by high-speed undersea cables.A European Central Bank term paper states these 3 Centre’s, together with Singapore and Hong Kong, control the industry in part because of the history of submarine cable televisions that have made high-frequency trading possible.
Currency Traders Brace for Wild Ride as Volatility Curves Invert
The $5.3 trillion-a-day foreign-exchange market is getting turned on its head.For the very first time since 2010, traders of all five of the world’s most-transacted currency sets are more careful of rate swings in the next three months than over the next year. Normally, longer-term measures of volatility are greater to represent future unpredictability.The last time the volatility measures were all inverted, markets were caught in the middle of the Greek financial obligation crisis. It’s simple to see why traders are anxious as soon as again. Even as sluggish development and warm inflation from Europe to Asia threaten to hinder Federal.
Four currencies to follow in FX trading this week
It's Monday and we've got another hectic week on the marketplaces lined up, with revenues reports from the likes of Apple and Facebook, first-quarter GDP information from some of the world's most significant economies, and a handful of critical policy conferences from reserve banks in Japan, the United States, Russia and elsewhere.Wish to get a manage on how this'll impact forex trading? See below for our thoughts on 4 currencies to follow this week.The Bank of Japan holds its next policy meeting on Thursday (April 28th) and traders will be looking for fresh easing procedures in light of downbeat financial information.