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Reuters - 1 day ago

FX options wrap - PCE risk, JPY 150, BoE Bets, euro low

BUZZ-FX options wrap - PCE risk, JPY 150, BoE Bets, euro low A busier week for FX with the closing of short JPY positions being the main driver before next week's central bank meetings . However, JPY demand and broader FX option implied volatility has peaked for now. U.S. PCE inflation data can offer more clues on next week's U.S. policy decision and the U.S.
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Reuters - 1 day ago

Sterling tiptoes higher after turbulent week

Sterling tiptoes higher after turbulent week By Amanda Cooper LONDON, July 26 (Reuters) - The pound rose on Friday but was still headed for a second consecutive weekly fall against the dollar after a week of turmoil across global markets hit higher-yielding assets and as investors switch focus to next week's Bank of England meeting. The pound, which hit one-year highs last week above $1.31, is heading for a 0.5% decline against the dollar this week.
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Reuters - 1 day ago

Sterling set for a bull month but warnings given

BUZZ-COMMENT-Sterling set for a bull month but warnings given July 26 (Reuters) - A positive July is on the cards for sterling versus the dollar but significant developments in the Japanese Yen have taken their toll on the pound and cracks are appearing in the GBP/USD up-trend as a result. GBP/USD started July on the front foot at levels around 1.2648, reached a new high for the year at 1.3044 by July 17 and looked good for further gains.
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Reuters - 1 day ago

Stand-out FX option strike expiries for the week ahead

BUZZ-COMMENT-Stand-out FX option strike expiries for the week ahead July 25 (Reuters) - The cash hedging of soon-to-expire FX option strikes can have a magnetic effect on FX price action and add to nearby support/resistance. There are some large strikes worth noting for Friday, July 26 , and for the week ahead. Stand-out EUR/USD strikes on Monday are at 1.0700-05 on 1.4 billion euros, 1.0800 on 610 million euros, 1.0825-35 on 1.4 billion euros and 1.0885-1.0900 on 1.6 billion euros.
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Reuters - 2 days ago

FX options wrap - JPY and CNH surge, central banks on radar

BUZZ-FX options wrap - JPY and CNH surge, central banks on radar The big movers in FX and options on Thursday are JPY and CNH, with risk aversion and the unwinding of large short positions the main drivers. USD/JPY extended its recent decline to test below 152.00, which saw 1-month implied volatility trade new highs since early May at 10.75 and remain firm amid the rebound to 154.00 after US GDP data.
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Reuters - 2 days ago

Yen surges as traders brace for interest rate shift while risk mood sours

FOREX-Yen surges as traders brace for interest rate shift while risk mood sours Updates prices at 1140 GMT By Harry Robertson LONDON, July 25 (Reuters) - The yen rallied for a fourth day running on Thursday, reaching a six-week high, as traders ditched their long-running bets against the currency and a plunge in global stocks drove investors towards traditionally safe assets.
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Reuters - 2 days ago

Sterling dips as investors raise bets on BoE rate cuts

Sterling dips as investors raise bets on BoE rate cuts By Harry Robertson LONDON, July 25 (Reuters) - The pound fell slightly on Thursday but largely stayed above the fray that rocked other currencies, as investors increased their wagers on Bank of England rate cuts in 2024. Sterling GBP=D3 was last down 0.12% at $1.2891, slipping further away from a one-year high of $1.3044 hit last week.
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Reuters - 2 days ago

More candlestick trend reversal patterns

BUZZ-EXPLAINER-More candlestick trend reversal patterns July 25 (Reuters) - Our previous explainers (see links below) have covered the stronger trend reversal patterns within candlestick charts. The following pattern is usually not as potent but can still give warnings of a potential direction change. Candlestick charts show a real body and shadows or wicks for a specific trading period.
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Reuters - 2 days ago

Yen surges as traders brace for interest rate shift while risk mood sours

FOREX-Yen surges as traders brace for interest rate shift while risk mood sours Updates at 0850 GMT By Harry Robertson and Rae Wee LONDON/SINGAPORE, July 25 (Reuters) - The yen rallied for a fourth day running on Thursday, reaching a a six-week high, as traders ditched their long-running bets against the currency and a plunge in global stocks drove investors towards traditionally safe assets.
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Reuters - 2 days ago

Major central banks now a big blip on the FX options radar

BUZZ-COMMENT-Major central banks now a big blip on the FX options radar July 25 (Reuters) - The FX volatility/risk upon which FX options thrive is measured by implied volatility and it's much higher on 1-week expiries since they included central bank policy decisions from Japan, the U.S. and UK. These gains highlight the extent of any additional FX realised volatility traders feel these events can generate.
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Reuters - 3 days ago

FX options wrap - JPY at the fore; here come the central banks

BUZZ-FX options wrap - JPY at the fore; here come the central banks Mild risk aversion underpinned the USD and provided an extra tailwind for a surging Japanese yen and its related FX option implied volatility on Wednesday. JPY short paring is driving the JPY surge to new highs against the USD since the early May intervention, with benchmark 1-month USD/JPY implied volatility following suit to new highs since May 3 at 10.6. One-month expiry risk reversals have also regained longer term highs for
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Reuters - 3 days ago

Pound gains on euro after mixed activity data, tumbles on yen

Pound gains on euro after mixed activity data, tumbles on yen By Alun John LONDON, July 24 (Reuters) - Sterling gained on the euro on Wednesday after a survey showed British business activity this month was stronger than in euro zone economies, while it held steady on the dollar and tumbled against a rebounding Japanese yen. The euro was last down 0.1% on the pound at 84.04 pence EURGBP=D3 not far from its two year low of 83.84 pence hit earlier in July.
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Reuters - 4 days ago

FX options wrap - Yuan bids, EUR outlook, JPY hedge, expiries

BUZZ-FX options wrap - Yuan bids, EUR outlook, JPY hedge, expiries There's been some demand for six-month expiry USD/CNH implied volatility in the low 5's - the date covers the U.S. election and China's yuan is the currency most likely to be affected by related trade policy. EUR/USD FX option implied volatility languishes at long-term lows and reflects the lack of actual/expected volatility .
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Reuters - 4 days ago

FX moves shift focus to larger FX option expiries

BUZZ-COMMENT-FX moves shift focus to larger FX option expiries July 23 (Reuters) - The cash hedging of soon-to-expire FX option strikes can have a magnetic effect on FX price action and add to nearby support/resistance, with the most recent currency movements bringing some big strikes in to play. There are 1.1 billion euros ($1.19 billion) of EUR/USD strikes at 1.0875-85 and $787 million USD/JPY strikes at 155.85 expiring at 10-am New York Tuesday July 23 .
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Reuters - 4 days ago

Sterling dips after strong rally as traders await fresh impetus

Sterling dips after strong rally as traders await fresh impetus By Harry Robertson LONDON, July 23 (Reuters) - The pound fell slightly on Tuesday, slipping further from last week's one-year high, as investors waited for U.S. inflation data on Friday to shake up subdued currency markets. Sterling was last 0.1% lower against the dollar GBP=D3 at $1.2924, after hitting its highest level last week since July 2023 at $1.3044. The pound was little changed versus the euro EURGBP=D3 at 84.18 pence.
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Reuters - 5 days ago

FX options wrap - U.S politics ignored, CB policy drives

BUZZ-FX options wrap - U.S politics ignored, CB policy drives Little reaction in the FX options market to news that U.S. President Joe Biden wont run for another term. If anything, volatility premiums around the U.S. election are marginally lower, but a broader lack of FX realised volatility is still weighing on option premium into the typical summer doldrums.
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Reuters - 5 days ago

Sterling struggles for direction ahead of data, long positions at record high

UPDATE 1-Sterling struggles for direction ahead of data, long positions at record high Adds chart without change to text By Stefano Rebaudo July 22 (Reuters) - Sterling rose slightly as investors awaited further clues about the Bank of England's monetary path from the S&P Global Composite Purchasing Managers' Index, which is due on Wednesday. Long positions have increased for the third consecutive week to an all time high of $10.769 billion.
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Reuters - 5 days ago

Sterling struggles for direction ahead of data, long positions at record high

Sterling struggles for direction ahead of data, long positions at record high By Stefano Rebaudo July 22 (Reuters) - Sterling rose slightly as investors awaited further clues about the Bank of England's monetary path from the S&P Global Composite Purchasing Managers' Index, which is due on Wednesday. Long positions have increased for the third consecutive week to an all time high of $10.769 billion.
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Reuters - 1 week ago

FX options wrap - JPY aside, it's mostly the FX status quo

BUZZ-FX options wrap - JPY aside, it's mostly the FX status quo Risk aversion reared its head to underpin near-dated G10 FX option implied volatility this week, with USD/JPY at the fore amid its wider intraday ranges/losses. However, JPY aside, FX realised volatility remains limited and that's keeping implied volatility near long-term lows in the major pairings.
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Reuters - 1 week ago

Stand-out FX option strike expiries for the week ahead

BUZZ-COMMENT-Stand-out FX option strike expiries for the week ahead July 19 (Reuters) - The cash hedging of soon-to-expire FX option strikes can have a magnetic effect on FX price action and add to nearby support/resistance. There are some large strikes worth noting for Friday, July 19 , and for the week ahead. EUR/USD strike expiries are on Monday at 1.0845-50 on 1.1 billion euros, 1.0950 on 1 billion euros and 1.0975-80 on 1.5 billion euros.
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