USD: Testing broader lows
May-03 09:52
- Small broader lows for the Dollar, 1 pip at a time, testing lows against the EUR, GBP, NOK, SEK, ZAR, PLN, TRY, AUD, NZD.
- NOK is still the best performer in G10, after taking over the Yen to the top spot, following a leaning Hawkish Norges Bank.
- Immediate resistance in EURUSD is at 1.0753 High Apr 26.
- For Cable, it comes at 1.2570/72 High Apr 29 / 50-day EMA.
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EQUITIES: EU Bank call spread
Apr-03 09:42
SX7E (21st June) 150c vs (20/06/25) 140c, bought the 2025 for 8.50 in 10k.
GERMAN AUCTION RESULTS: Decent auction helps 10y Bund price move higher
Apr-03 09:39
- Looking at the bid-to-covers on the 10-year Bund auction, it was a slightly softer 10-year Bund auction for the 2.20% Feb-34 Bund than the two previous reopenings but was strong than both the January auctions.
- However, the lowest accepted price of 98.41 is higher than the secondary market had traded in almost 3 hours.
- So overall we would say this is a decent auction.
- This has helped the price move higher post-results (although not quite exceeding the intraday high seen just after the open this morning).
EURIBOR OPTIONS: Put fly seller
Apr-03 09:37
ERQ4 97.00/96.75/96.25p fly sold at 4 in 5.5k.
