FOREX: GBP Underperforming as DXY Probes Recovery Highs

Sep-19 08:30

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* The dollar is trading on a firm footing Friday, broadly consolidating the solid post-Fed recover...

Historical bullets

BTP: Block trade

Aug-20 08:23

BTP Block trade, suggest unconfirmed seller:

  • IKU5 ~1.29k at 120.40.

FOREX: FX OPTION EXPIRY

Aug-20 08:15

Of note:

EURUSD 1.14bn at 1.1675.

USDJPY ~1bn at 148.00.

EURUSD 1.58bn at 1.1700 (thu).

USDJPY 1.42bn at 147.90 (fri).

EURUSD 1.06bn at 1.1650 (mon).

  • EURUSD; 1.1600 (853mln), 1.1650 (594mln), 1.1675 (1.14bn), 1.1700 (250mln).
  • GBPUSD: 1.3500 (300mln).
  • USDJPY: 148.00 (991mln).
  • AUDNZD: 1.1000 (741mln).

ESM ISSUANCE: RFP Issued

Aug-20 08:07

“Today ESM, the European Stability Mechanism has sent a Request for Proposal to a selection of banks from the EFSF/ESM Market Group with regards to an upcoming transaction, subject to market conditions.”

  • This likely means a transaction on Monday / Tuesday next week.
  • We had flagged an ESM/EFSF transaction as likely in late August (although we thought EFSF was more likely).