FX Impact Intelligence

FX Impact Intelligence

LSEG Labs Project: FX Impact Intelligence

Identifying important events which have a short-term impact on currency markets.

Problem

Making smart trading decisions means staying on top of relevant market events in real time and evaluating their impact on global currencies. Constant monitoring these events, especially breaking news, can be a challenge even for the most experienced FX professionals as only a small proportion of events impact the FX market.

Solution

LSEG Labs created the FX Impact Intelligence app to help FX professionals stay on top of the important events impacting currency pairs throughout the day.

Before performing impact analysis, the app uses rules based and machine learning models to filter for FX market related events. Each FX market news cluster then passes through an impact analysis model which identifies currency price jumps and impact trends based on the similar characteristics of historical news events. 

The LSEG Labs project covers 15 currency pairs and is powered by a number of trusted Refinitiv data sets, including News and Tick History data.

FX Impact Intelligence in action

A news impact monitor uses event clustering and filtering models to create a curated feed of events related to currency markets.

Daily impact charts display the impactful events on price charts alongside the daily volume, volatility and spread.

FX Impact Intelligence UI-1

Past similar events analysis display the impactful event alongside similar past events with a comparison across price action, volume, volatility and spread.

FX Impact Intelligence UI-2

What we’re thinking next

LSEG Labs is engaging a small number of customers to take part in an FX Impact Intelligence early access program to help improve and guide the insights and user experience.