The 'music' in the FX market has faded a bit. But in the view of Ulrich Leuchtmann, Head of FX and Commodity Research at Commerzbank, there is not an
The"music" in the FX market has faded a bit. But in the view of Ulrich Leuchtmann, Head of FX and Commodity Research at Commerzbank, there is not an exceptionally pronounced summer lull in the FX market. I have calculated for you the fluctuation intensity of all currency pairs traded in sufficient volume . It has never been unusually low this summer. In fact, it has been on the rise since early August. There is no sign of a summer lull.
Just because things were quite volatile last summer, we shouldn't use that as a benchmark. Apart from exceptional events , exchange rate volatility tends to be particularly high only when there is a high degree of uncertainty about the path of nominal and real interest rates and when major reassessments are required. That was the case last year. But now that the interest rate cycles are coming to an end, or have come to an end, the ‘music’ in the FX market has faded a bit.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gaby Music Signs With Universal Music LatinoThe Puerto Rican hitmaker has produced for artists such as Rosalía, Lunay, Ozuna and Daddy Yankee.
Read more »
Music Columbus to kick off The Gift of Music instrument driveFor the fifth year, Music Columbus is working to bring music to schools around the city by helping bring instruments to students.The Gift of Music instrument dr
Read more »
Hard-of-hearing music fans prefer a different sound: Modern music can be inaccessible to those with hearing loss; sound mixing tweaks could make a difference -- ScienceDailyResearchers study the impact of hearing loss on subjects' enjoyment of different music mixes. They played different music mixes to listeners with and without hearing loss and found that those with hearing loss preferred louder lead vocals, higher frequencies, and sparser mixes with fewer frequencies overall. Previous research has found that music steadily shifted to quieter vocals and louder instrumentals leading up to 1975, meaning today's music may be less accessible to those with hearing loss.
Read more »
John Rich Appears to Mock Bud Light in Music Video for New SingleCountry singer John Rich's new music video 'I'm Offended' takes a jab at a well-known drinks brand.
Read more »
Tim McGraw, Alice Cooper, Burna Boy, William Shatner lead this week’s new music releasesCountry superstar (and actor) Tim McGraw emerges with his 17th studio album, 'Standing Room Only,' this week, joining new titles from Alice Cooper, Burna Boy, Dethklok, Maluma, Filter and the ageless William Shatner.
Read more »
Mind The Gap Fest offers music with a message about women’s equalityThe first Mind the Gap Fest — set for Saturday, Aug. 26 at The Gateway in downtown Salt Lake City — is a daylong music event that is intended to spark conversations about gender equality gaps in four main areas: Income, executive position, educational attainment and political representation.
Read more »