SGX Group’s Post

With onshore CNY strengthening to a 6-week high versus USD following the extended Labour Day holidays, we observed a New Open Interests record with an impressive USD19.15 billion for SGX's USD/CNH futures, reflecting robust trading activity in this widely traded international RMB futures.

"Pool of implied spot liquidity available via FX futures too large to ignore." With CME Group FX futures and options volumes up over 8% this year, a record day of $314bn, and Spot+ coming soon, great to see this timely analysis by ION Markets into how CME Group FX futures are increasingly relevant to eFX traders.

"Pool of implied spot liquidity available via FX futures too large to ignore." With CME Group FX futures and options volumes up over 8% this year, a record day of $314bn, and Spot+ coming soon, great to see this timely analysis by ION Markets into how CME Group FX futures are increasingly relevant to eFX traders.

"Pool of implied spot liquidity available via FX futures too large to ignore." With CME Group FX futures and options volumes up over 8% this year, a record day of $314bn, and Spot+ coming soon, great to see this timely analysis by ION Markets into how CME Group FX futures are increasingly relevant to eFX traders.

The institutional spot FX trading volumes of major platforms have seen all-round decline across September 2024. Among the five major institutions, the total sees a 3.58% drop monthly. The max. drop comes from CME EBS, down 6.38%. 360T is the only growth monthly with a mere 1.42% growth. #ForexTrading #SpotFX #InstitutionalTrading #MarketVolume #MonthlyAnalysis #TradingTrends #CME #360T #FXMarket #FinancialData

"Pool of implied spot liquidity available via #FX futures too large to ignore." With CME Group FX futures and options volumes up over 8% this year, a record day of $314bn, and Spot+ coming soon, great to see this timely analysis by ION Markets into how CME Group FX futures are increasingly relevant to #eFX traders.

The end of negative rates did not alleviate the pressure on the Yen, as #USDJPY is approaching a breakout point. Currently, talks of FX intervention are maintaining upward momentum, but pressure is intensifying as downward reactions become increasingly smaller. USDJPY has reached 150 and is now aiming for even higher levels.    Read more in the article below.  https://lnkd.in/dbNX-fRm #Forex #TechnicalAnalysis #MarketTrends #ForexForecast #MarketOutlook #FTD #FX 

SGX FX Futures soared to new heights on 25 July, achieving a remarkable US$25.7 billion single-day record for USD/CNH futures contracts amidst turbulent market conditions. This milestone reaffirms SGX FX's position as the premier destination for risk management, hedging, and price discovery. Last week's rollercoaster markets came on the back of heightened volatility in U.S. equities as the tech rout continued with the 'Magnificent 7' stocks registering notable declines. The broad correction in the Japanese yen also contributed to the global risk-off sentiment. Uncertainties around the Federal Reserve and Bank of Japan's potential rate changes, ongoing U.S. Presidential election and moves by the PBOC on its medium-term lending facility added to the volatility. Surpassing the previous record by +15.1%, SGX FX's latest achievement underscores the need for a highly liquid venue for global investors to manage currency risks. The notional open interest for USD/CNH contracts also saw a notable uptick of +3% to 213,814 lots, closely approaching the historical high of 219,005 lots set in June 2024. Stay tuned for more updates on how SGX FX remains at the forefront of global FX markets! #SGXFX #USDCNH #FXMarkets #USElections #JPY #Magnificent7

"Pool of implied spot liquidity available via FX futures too large to ignore." With CME Group FX futures and options volumes up over 8% this year, a record day of $314bn, and Spot+ coming soon, great to see this timely analysis by ION Markets into how CME Group FX futures are increasingly relevant to eFX traders.

The institutional spot FX trading volumes of major platforms have seen all-round decline across October 2024. Among the five major institutions, the total sees a 9.33% rise monthly. The max. drop comes from CME EBS, down 14.14%. #FXTrading #SpotFX #InstitutionalTrading #ForexVolume #CME #TradingPlatforms #MarketDip #CurrencyTrading #ForexMarket #TradingTrends