US: NY Fed: Weekly Economic Index (WEI)

Dec-07 16:53

NY Fed explains the latest WEI increase to 2.48% from 1.74% the week prior is "due to rises in steel production, tax withholding, railroad traffic, electricity output, and fuel sales, which more than offset falls in retail sales and consumer confidence and an increase in initial unemployment claims."

NY Federal Reserve/MNI

Historical bullets

EURIBOR OPTIONS: Put Ladder Buyer

Nov-07 16:43

ERM4 96.375/96.25/95.875 put ladder bought for 3 in 3k

ITALY AUCTION PREVIEW: Up To E9bln On Offer At Nov 10 M-T/L-T Auction

Nov-07 16:42

Italy to sell the following at the Nov 10 M-T/L-T auction:

  • E2.50-3.00bln of 3Y 3.85% Sep-26 BTP (ISIN: IT0005556011)
  • E1.50-2.00bln of 7Y 4.00% Nov-30 BTP (ISIN: IT0005561888)
  • E1.00-1.50bln of 15Y 3.25% Mar-38 BTP (ISIN: IT0005496770)
  • E1.00-1.50bln of 3.50% Mar-30 BTP (7Y residual maturity 15Y BTP) (ISIN: IT0005024234)
  • E0.75-1.00bln of 4.50% 30Y Oct-53 BTP (ISIN: IT0005534141)

OPTIONS: Sizeable AUD Strikes Could Limit Any Recovery Rally

Nov-07 16:37

Larger options rolling off at Wednesday's NY cut could define the spot range for EUR/USD, with over $4bln notional tied to strikes layered between $1.0600-1.0720. Meanwhile the AUD/USD pipeline includes sizeable interest at $0.6380-00, which may limit any recovery rally in spot after the dovish RBA:

  • EUR/USD: $1.0600(E1.2bln), $1.0650(E724mln), $1.0700-20(E2.2bln)
  • USD/JPY: Y150.00($1.3bln), Y151.00($1.8bln)
  • AUD/USD: $0.6380-00(A$1.3bln)
  • USD/CNY: Cny7.3000($2.5bln)