CEE FX: EURHUF Dips Through Overnight Lows Amid Sharp Decline in Spot Gold
Mar-21 14:15
- Noting a slight downtick for both EURHUF and EURPLN in recent trade, tipping both back into negative territory on the session. No headline driver, but downside pressure for the former seems to have been exacerbated by the move through this morning's low.
- Note too spot gold prices have declined sharply over the last 45 minutes, now -1.4% on the session and re-approaching the $3000/oz mark. We haven’t seen an obvious headline trigger for this move, with the broader cross-asset backdrop not suggestive of a positive shift in risk sentiment. Silver is also down 2.4% on the session.
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EURIBOR OPTIONS: Call fly buyer
Feb-19 14:15
ERM5 97.9375/98.0625/98.1875c fly, bought for 1.25 in 7k.
EQUITIES: EU Bank outright put buyer
Feb-19 14:11
SX7E (17th April) 155p, bought for 1.05 in 12k.
EGB OPTIONS: Bobl Put Spread
Feb-19 14:10
OEH5 117.00/117.25ps, bought for 18 in 7.5k.
