foreign exchange market

The factors are largely determined by demand and supply forces.

as well as expectations on the market currently we've seen that the central bank has been very consistent in its supply of Forex nonetheless we've seen demand pressures also um coming very strong and that this can largely be attributed to some level of expectations investors or should I say participants are pricing in higher expectations to the to the dollar.

And that is leading to that is causing this particular bearish trend.

But nonetheless, when the central bank comes in stronger to support forex especially during peak demand season when the festive season is approaching we should see the rates of the cd appreciate strongly against the major currencies

[laughs]

But, uh, uh, you know, but my point is that while I was in the, in the, in the office, I thought that there is a structural change in Korean FX market.

First of all, like any other advanced economies these days, Korea's FX movement is driven by the financial flows rather than trade surplus, trade flows.

For example, in the last first half of this year, Korea has un- un- historically unprecedented current account surplus due to the semiconductor super cycle, but exchange rate depreciated significantly because foreign investor took the money out to realize their gains.

[laughs]

But, uh, uh, you know, but my point is that while I was in the, in the, in the office, I thought that there is a structural change in Korean FX market.

First of all, like any other advanced economies, these days, Korea's FX movement is driven by the financial flows rather than trade surplus, trade flows.

For example, in the last first half of this year, Korea has un- un- historically unprecedented current account surplus due to the semiconductor super cycle, but exchange rate depreciate significantly because foreign investor took the money out to realize their gains.

What up, trading fam? We are back, we are back, we are back.

You asked for it, and interviews are back on the Trader Motivation Show channel, formerly the Forex Beginner Podcast.

Two things I need from you, and then we're gonna jump into this interview with Anthony Hill.

The first thing is I need you to hit the red subscribe button.

Alpha Capital or all these different, whatever firms, like the bigger names that's been around for a while, they can afford to pay you.

Smaller firms, not so much.

Now, if you're going to be in CFDs, which is Forex, or if you're going to be on futures, that is different.

It's levels to this.

That stems from a misunderstanding of what these fees are.

Because you see, first of all, the bank of Ghana in 2021 decided to implement a program called domestic good purchase program at the instance of the economic management team and what that meant was that they were going to buy good in Ghana in Ghana cities and export for various purposes large-scale good for reserve accumulation that is physical good being added to our reserves small scale good for for sales so that we can get FX in return.

Then you had G4O.

Now, how were they going to buy this gold? They don't trade gold.

Why? You must understand the difference.

What CuckooBot does is forward sale of cuckoo.

So what are you going to forward? That is not the same as a funded FX forward sale.

Funded FX forward sale doesn't mean you've sold good in advance.

Hello and welcome to J.P. Morgan's At Any Rate podcast.

I'm Meera Chandan, co-head of FX Strategy at J.P. Morgan.

Joined today by my two colleagues, Patrick Locke and Octavia Pescu from G10 FX Strategy and then Aneshka Kristevova from EMFX Strategy.

Aneshka, we did get a special request for you today, so...

I'm glad you could join.

But speaking of E.M., Anushka, maybe I should turn it to you.

Obviously, you know, this move in rates is obviously been something that's stealing the show, the move in commodities.

And FX, at least in my mind, has been a bit of a sideshow in comparison to the magnitude of these moves.

And but it's well on its way.

Blimey, that's up for Forex.

In the last this year, what does it do?

What does it do make gravity machines? Okay, they're both in the same little area called digital technology.

They have a tremendous wholesale market making business.

They have a tremendous FX business, which we are using to hit our customers.

And they've got the New York Stock Exchange, the largest designated market maker, great group of folks that talk with corporate treasurers and IR people to help them with some of their capital markets needs.

And they are the market maker in over a thousand names.