EU CONSUMER CYCLICALS: FDJ: 3Q Results

Oct-21 17:08

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EURUSD TECHS: Bear Cycle Still In Play

Sep-21 17:00
  • RES 4: 1.1654 High Sep 9 
  • RES 3: 1.1612 High Sep 14 
  • RES 2: 1.1557 50-day EMA
  • RES 1: 1.1512 Low Aug 13  
  • PRICE: 1.1468 @ 16:32 BST Sep 21
  • SUP 1: 1.1455 Low Sep 18
  • SUP 2: 1.1434 Low Jul 30 
  • SUP 3: 1.1416 76.4% retracement of the Jun 24 - Aug 20 bull leg 
  • SUP 4: 1.1353 Low Jul 28 

EURUSD is in consolidation mode. A bearish threat remains present and last Wednesday’s steep sell-off reinforces current conditions. The pair has recently breached the 50-day EMA, strengthening a bear theme. Scope is seen for a move towards 1.1416, a Fibonacci retracement. Clearance of this level would expose 1.1325, the Jun 24 low and a key medium-term support. Initial firm resistance to watch is 1.1557, the 50-day EMA.         

OPTIONS: Call Structures Continue To Be Bought In European Rates

Sep-21 16:52

Monday's Europe rates/bond options flow included:

  • OEV6 112.25p, sold at 10.75 in ~11.6k
  • RXZ6 121/122/123/125 broken c condor, bought for 20 in 2k
  • ERH7 97.00/97.18/97.37c fly, sold at 2 in 4k
  • 0RU7 96.75/97.25cs, bought for 19.75 in 10k or 15k since Friday
  • SFIV6 96.15c vs SFIZ6 95.90/96.00/96.10c fly, bought back the Oct to sell the fly to receive 0.75 in 10k
  • SFIX6 96.15c, bought for half in 5k
  • SFIZ6 95.60/95.30ps, sold at 2.75 in 5k
  • SFIZ6 95.95/96.00/96.05c fly, bought for 0.25 in 4k
  • SFIH7 95.85/96.05/96.25c fly, bought for 2 in 10k

BOC WORRIED HIGHER GAS PRICES MAY ADD PERSISTENCE TO INFLATION

Sep-21 16:43
  • BOC WORRIED HIGHER GAS PRICES MAY ADD PERSISTENCE TO INFLATION