Market overview for May 6 – 10, 2019: US-China trade negotiations fuel volatility. The Pound’s index reports its biggest weekly loss since November, the CHF Index posts positive weekly change after five periods of losses, the Kiwi measure’s YTD decline extends below the -1.00% mark.
Full research available on our analytics page.
Dear readers, please be informed that henceforth our weekly Market Research will be discontinued. You are welcome to let us know about any comments, suggestions or questions you might have by emailing us at [email protected]. Kind regards and happy trading, Dukascopy Analytics Team.
The past week was marked by extreme opening moves, with the safe-havens and pacific gauges entering Asian trading on levels far away from the ones recorded on Friday. Aside from that, most of the observed indexes still remained bounded by the ±0.50% lines, but did display a notable pickup in activity, experiencing both sharp short-term moves and long directional changes. The Aussie’s and the Yen’s measures were the only ones to break out of the range in the positive area, while the Pound’s index stood out by suffering major losses.
After four weeks of extremely low readings, the observed volatility medians finally edged up closer to the usual levels of around 0.030%. The highest values were posted by the Yen and the Aussie, while most of the other currencies reported median turbulence of 0.028% and the Euro and the Greenback lacked behind its peers with 0.025-0.026% results.
Most of the correlations selected for the period continued to be related to the Pound’s receding influence. GBP/JPY correlations with EUR/GBP and GBP/USD showed major weakening compared to both medium- and long-term levels, while correlations between GBP/JPY and USD/JPY shifted to the strongest observed levels.
Interesting patterns were observed among correlations between the pairs that hold no common currencies.
Full research available on our analytics page.
Dear readers, please be informed that henceforth our weekly Market Research will be discontinued. You are welcome to let us know about any comments, suggestions or questions you might have by emailing us at [email protected]. Kind regards and happy trading, Dukascopy Analytics Team.
The past week was marked by extreme opening moves, with the safe-havens and pacific gauges entering Asian trading on levels far away from the ones recorded on Friday. Aside from that, most of the observed indexes still remained bounded by the ±0.50% lines, but did display a notable pickup in activity, experiencing both sharp short-term moves and long directional changes. The Aussie’s and the Yen’s measures were the only ones to break out of the range in the positive area, while the Pound’s index stood out by suffering major losses.
After four weeks of extremely low readings, the observed volatility medians finally edged up closer to the usual levels of around 0.030%. The highest values were posted by the Yen and the Aussie, while most of the other currencies reported median turbulence of 0.028% and the Euro and the Greenback lacked behind its peers with 0.025-0.026% results.
Most of the correlations selected for the period continued to be related to the Pound’s receding influence. GBP/JPY correlations with EUR/GBP and GBP/USD showed major weakening compared to both medium- and long-term levels, while correlations between GBP/JPY and USD/JPY shifted to the strongest observed levels.
Interesting patterns were observed among correlations between the pairs that hold no common currencies.