At face value the report that the US government is seeking to change how it releases economic data to markets seems to be yet another attempt to put the high-speed traders in the box seat, but in reality it is just another attempt to rearrange the deckchairs on the Titanic. Currently, as I have discussed […]
Tag: data releases
It is amazing to me how many times issues come around in FX markets, as if it is on a regular cycle I am being told of shenanigans (again) ahead of data releases.
This week, UK retail sales came in stronger than expected, but a short while before the release sterling jumped. The same happened in the Australian dollar about two weeks ago, but at the time I chose to dismiss it as an one off – clearly it wasn’t.