EQUITIES: EU Bank stock option

Aug-04 13:07

SX7E (16th Sep) 90.00c, bought for 0.50 in 12k vs 1.5k at 81.20

Historical bullets

EQUITIES: Estoxx collapses lower

Jul-05 12:53
  • Total collapse in Estoxx futures, as more short term long. bail out.
  • Next support will be seen at 3300.00 Round number support.

Chart source: MNI/Bloomberg

EUR: Parity Calls Accelerate as EUR/USD Tumbles

Jul-05 12:45

EUR/USD's extended move lower and new multi-decade lows has got a lot of outfits discussing parity in the pair. Over the last 24 hours or so, we've had:

  • Citi see an 80% chance of falling to parity in near-term
  • Nomura say parity could be breached in August, forecasting a fall to 0.9500
  • CIBC say parity is within reach, and a close below 1.03 today would confirm
  • CBA write that, technically, EUR/USD's path to parity faces little resistance because there are no important support levels until 1.0000

Options markets have taken note, with options now implying a 54% chance of EUR/USD touching parity at some point in Q3> That's risen from just 16% at the beginning of last week.

CANADIAN TOTAL WHEAT CROP AREA IS 25.4 MLN ACRES; CANOLA 21.4 MLN ACRES

Jul-05 12:42



  • CANADIAN TOTAL WHEAT CROP AREA IS 25.4 MLN ACRES; CANOLA 21.4 MLN ACRES