RXU5 128.5/127.5/126.5p fly, bought for 11 in 6.5k.
GILTS: A slightly lower Open versus the Calls
Aug-04 07:19
Gilt saw a slightly lower open vs the calls, this was driven by the tick lower in EGBs on the higher Equity Cash Open.
Gilt futures was expected to somewhat outperforms, but it is so far sitting flat against the German 10yr on the spread.
Respective initial support and resistance, stand at 91.86 20-day EMA , and 92.69 (Friday's high).
CHF: The Swissy extends losses, SMI is down some 2%
Aug-04 07:11
USDCHF takes another small leg higher, a function of the Fall in the Swiss Index, SMI opened some 2% lower after coming back from a holiday, the Index has caught up following the Swiss tariff announcement.
As noted earlier, while the CHF is the worst performer in G10 against the Dollar, USDCHF would need a rally all the way to 0.8161 to reverse Friday's NFP sell Off, the cross could now be eyeing a test to the 0.8100 handle.