Asian markets found modest buyers early on, feeding off the leads from Europe and the US, but then saw some bizarre price action around midday. High frequency...

Chris Weston

Pepperstone

Asian markets found modest buyers early on, feeding off the leads from Europe and the US, but then saw some bizarre price action around midday. High frequency trading (HFT) is firmly in the spotlight right now; with the FBI investigating the advantage certain funds have over others. The issue has reverted to the logic used for systems which adopt positions purely on news flow. The fact that we saw CME copper spike today on news of the huge earthquake in Chile is understandable, given Chile accounts for 33% of global mined copper production, but why this put a bid in US futures, USD/JPY, EUR/USD, and AUD/USD is very strange - (VIEW LINK)


Chris Weston
Chris Weston
Head of Research
Pepperstone

Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.