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Reuters - 20 hours ago

FX options wrap - USD path, RBNZ, U.S. election and Fed risks

BUZZ-FX options wrap - USD path, RBNZ, U.S. election and Fed risks FX option implied volatility is broadly heavy as the USD consolidates its recent recovery and leaves G10 FX spot within familiar ranges without any real break-out catalysts. There has been an increase in FX volatility risk premium for USD call options as shown by near dated risk reversals in most of the major pairings, but those gains have since stalled.

Reuters - 1 day ago

Sterling drifts near three-week low against dollar

Sterling drifts near three-week low against dollar By Medha Singh LONDON, Oct 8 (Reuters) - The British pound drifted near more than three-week lows against the dollar on Tuesday as investors assessed geopolitical risks in the Middle East and the next steps in the Bank of England's easing cycle. Sterling tumbled last week after BoE Governor Andrew Bailey was quoted as saying the central bank might move more aggressively to lower borrowing costs.

Reuters - 2 days ago

FX options wrap - A firmer USD trade is lacking conviction

BUZZ-FX options wrap - A firmer USD trade is lacking conviction Oct 7 (Reuters) - The USD has recovered more ground since Friday's U.S. payroll data beat, and although FX options are primed for further USD gains, they lack the conviction for an extended move. Banks note USD demand on dips, especially EUR/USD in the mid 1.09s , which is also attracting huge FX option strike expiry hedging.

Reuters - 2 days ago

Sterling drops versus euro and dollar, geopolitics in focus

Sterling drops versus euro and dollar, geopolitics in focus By Stefano Rebaudo Oct, 7 (Reuters) - Sterling dropped versus the euro and the dollar on Monday, with geopolitical risks and central banks' monetary policy path still in focus. The pound recorded its biggest daily fall last week since April after Bank of England Governor Andrew Bailey was quoted as saying the central bank might move more aggressively to lower borrowing costs.

Reuters - 2 days ago

Larger FX option strike expiries this week

BUZZ-COMMENT-Larger FX option strike expiries this week Oct 7 (Reuters) - The cash hedging of soon-to-expire FX option strikes can add to any nearby support and resistance levels, whilst also having a magnetic effect on FX price action, and there are plenty on Monday and the rest of this week. Stand out EUR/USD strikes in the current vicinity are on Monday between 1.0950-60 on 3.1 billion euros and 1.0990-1.1000 on 1.6 billion euros.

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