25 Nov 2014
G10 volumes were overall higher last week – DB
FXStreet (Barcelona) - Deutsche Bank highlights the Forex Flow data (data from Friday, 21 Nov).
Key Quotes
“G10 volumes were overall higher last week, with the largest pickup in USD/CHF and EUR/CHF increasing by 40% and 35% week-on-week, respectively, followed by EUR/USD (+22%), USD/JPY (+21%) and NZD/USD (+18%).”
“Looking at high frequency data, dips in USD/JPY typically translated to sizable pickups in volume. For example after failing to break 117.00 on the Tuesday London morning session and 118.50 on the Friday Asia session, the two-hour window volumes were approximately twice that of the other days.”
“CHF volumes remain heavy ahead of the Swiss Gold Referendum. Both EUR/CHF and USD/CHF weekly volumes are currently above the 90th percentile relative to their 5Y histories.”
“8% of AUD/USD weekly volume was transacted in the two hour window following the PBOC benchmark rate cuts. Market participation in AUD/USD remains light, however, with weekly transacted volumes at the 43th percentile relative its own 5Y history.”
Key Quotes
“G10 volumes were overall higher last week, with the largest pickup in USD/CHF and EUR/CHF increasing by 40% and 35% week-on-week, respectively, followed by EUR/USD (+22%), USD/JPY (+21%) and NZD/USD (+18%).”
“Looking at high frequency data, dips in USD/JPY typically translated to sizable pickups in volume. For example after failing to break 117.00 on the Tuesday London morning session and 118.50 on the Friday Asia session, the two-hour window volumes were approximately twice that of the other days.”
“CHF volumes remain heavy ahead of the Swiss Gold Referendum. Both EUR/CHF and USD/CHF weekly volumes are currently above the 90th percentile relative to their 5Y histories.”
“8% of AUD/USD weekly volume was transacted in the two hour window following the PBOC benchmark rate cuts. Market participation in AUD/USD remains light, however, with weekly transacted volumes at the 43th percentile relative its own 5Y history.”