FOREX: USD Pops Higher Following US Jobless Claims Data

Dec-04 13:35

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* Decent pop higher for the USD on the much lower-than-expected US jobless claims data and the Rev...

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SONIA OPTIONS: Call Condor vs Put Spread

Nov-04 13:34

SFIH6 96.45/96.55/96.65/96.75c condor vs 96.25/96.15ps, bought the condor for 1.25 in 6k.

CHF: More FX Exchange traded Option

Nov-04 13:25
  • CHFUSD (5th Dec) 130.5c, sold at 0.02 in ~1k.

The Underlying December contract trades at 124.23.

EQUITIES: UBS' CTA Exit Triggers Remain Some Distance Away Despite Pullback

Nov-04 13:22

UBS write “continuous positive price action in equities has been very profitable for CTAs in the last three months. Strong Q3 earnings are not derailing the trend, encouraging CTAs to stay put despite heavy positioning”.

  • Based on their forecasting model they suggest that “only a 2std downturn scenario will spark some CTA selling, with 6,650 (S&P)/5,450 (SX5E)/9,250 (FTSE100)/46,700 (NIKKEI) acting as respective trigger points”.
  • Those levels remain some distance away, despite the previously detailed pullback in equities (which has started to reverse). This suggests that CTA liquidation did not play a part in the equity weakness witnessed during Asia & early London trade.