FOREX: FX OPTION EXPIRY - Large in the EUR Tomorrow
Dec-10 10:46
- Large expiry in the EUR Tomorrow. If you are bullish Cable, a big one next Tuesday (all calls).
Of note:
EURUSD ~1bn at 1.1610.
USDCNY 1.2bn at 7.1088.
EURUSD 7.04bn at 1.1595/1.1610 (thu).
USDJPY: 2.57bn at 156.00 (thu).
GBPUSD 3.52bn at 1.3500 (tue).
- EURUSD: 1.1610 (912mln).
- GBPUSD: 1.3300 (539mln).
- USDJPY: 156.00 (900mln).
- USDCAD: 1.3800 (520mln).
- AUDUSD: 0.6600 (819mln).
- NZDUSD: 0.5800 (475mln).
- USDCNY: 7.1088 (1.2bn).
- USDZAR: 16.900 (625mln).
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SONIA OPTIONS: SFIJ6 Package Trades
Nov-10 10:44
SFIJ6 96.70/80 call spread vs. 96.25/15 put spread paper paid 1.5 on 7.5K for the call spread.
SONIA OPTIONS: SFIH6 96.60/96.65/96.70 Call Fly Lifted
Nov-10 10:37
SFIH6 96.60/96.65/96.70 call fly paper paid 0.5 on 3K.
OUTLOOK: Price Signal Summary - Key Support In EUROSTOXX50 Futures Intact
Nov-10 10:36
- In the equity space, the trend condition in S&P E-Minis remains bullish and the pullback since the Oct 30 high appears corrective. The contract has managed to find support below the 50-day EMA, currently at 6710.28 and a key support. Friday’s activity also highlights a potential reversal signal - a bullish doji candle. This defines key support at 6655.50, the Oct 7 low. A continuation higher would signal the end of a correction and open 6953.75, Oct 30 high and bull trigger.
- A medium-term bull trend in EUROSTOXX 50 futures remains intact and recent weakness is considered corrective. Price has managed to find support below two important price points; the 50-day EMA, at 5576.77, and 5571.50, the base of a bull channel drawn from the Aug 1 low. A clear break of both levels would strengthen a bear theme and highlight a stronger reversal. The bull trigger is 5742.00, the Oct 29 high.
