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EURGBP

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Reuters - 2 days ago

FX options wrap - EUR/USD at the fore of broader FX warnings

BUZZ-FX options wrap - EUR/USD at the fore of broader FX warnings FX options markets had been anticipating a EUR/USD break lower , with strong demand for implied volatility and downside strikes, particularly in the 1.0200-1.0000 range and through risk reversals . However, the speed and magnitude of the drop, triggered by weak eurozone PMI data, exceeded expectations Short gamma exposure below the 2-year low and option barriers at 1.0450 accelerated the EUR/USD plunge to 1.0332, and there could b
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Reuters - 2 days ago

Sterling falls to 6-month low after weak British data

UPDATE 1-Sterling falls to 6-month low after weak British data Updates prices at 1120 GMT, adds quote, context LONDON, Nov 22 (Reuters) - The pound tumbled on Friday after data showed British business output in November shrank for the first time in more than a year, and retail sales also fell by much more than expected in October. Sterling hit its lowest on the dollar since May, and was last down 0.56% at $1.2517. If future data continues to show economic weakness, the Bank of England may be for
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Reuters - 2 days ago

FX option surge warns of more EUR/USD volatility/losses

BUZZ-COMMENT-FX option surge warns of more EUR/USD volatility/losses Nov 22 (Reuters) - Price action in FX options warned of the increasing risk of EUR/USD volatility and losses, with the euro zone PMI data being a particular flash-point , but the speed and distance of the subsequent EUR/USD drop still caught many off guard. FX option premiums took another leg higher in a variety of contracts and across all maturity dates after the PMI data.
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Reuters - 2 days ago

Risk reversal options are a key EUR/USD signal

BUZZ-COMMENT-Risk reversal options are a key EUR/USD signal Nov 22 (Reuters) - Risk reversals are an FX option contract that plays on FX volatility, and a big shift in their premiums is very indicative for the EUR/USD outlook. The FX volatility upon which FX options thrive is an unknown yet key part of their premium, so dealers use implied volatility as a stand-in.
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Reuters - 2 days ago

Sterling falls to 6-month low after weak UK retail sales

Sterling falls to 6-month low after weak UK retail sales LONDON, Nov 22 (Reuters) - The pound weakened on Friday after data showing British retail sales fell by much more than expected in October, which if matched by other soft data could cause the Bank of England to be less cautious when it comes to rate cuts. Sterling was last down 0.22% on the dollar at $1.2566, its lowest in six months.
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Reuters - 3 days ago

FX options wrap - Policy clues and USD warnings

BUZZ-FX options wrap - Policy clues and USD warnings G10 FX Option implied volatility is well supported by bouts of risk aversion relating to Russia/Ukraine that's underpinning the USD and JPY. The benchmark 1-month expiry is also benefiting from the inclusion of policy announcements from the U.S. and Japan on Dec. 18-19 . USD/JPY was under pressure after the latest comments by BoJ governor Ueda on Thursday, which highlights the sensitivity of this pairing to any clues about impending policy .
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Reuters - 3 days ago

Sterling sags as 'Trump bump' lifts dollar

Sterling sags as 'Trump bump' lifts dollar By Amanda Cooper LONDON, Nov 21 (Reuters) - The pound eased modestly against the dollar, which held firm on Thursday, as investors remained laser-focused on who President-elect Donald Trump's Treasury Secretary pick might be and what that might mean for his policies on growth, trade and taxes. With the dollar in the ascendant, sterling GBP=D3 wilted, last down 0.1% at $1.26405. It's risen 1.2% against the euro EURGBP=D3 , which has come under intense pr
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Reuters - 3 days ago

FX options primed for PMI driven EUR/USD volatility and losses

BUZZ-COMMENT-FX options primed for PMI driven EUR/USD volatility and losses Nov 21 (Reuters) - Price action in forward looking FX options shows a EUR/USD market fearful of increased volatility surrounding Friday's euro zone PMI data and the potential for EUR/USD to extend recent losses in its wake. FX volatility is an unknown yet key parameter for an FX option premium, so dealers use implied volatility as a stand-in.
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Reuters - 3 days ago

US recap: EUR/USD down amid Ukraine-Russia stress

BUZZ-COMMENT-US recap: EUR/USD down amid Ukraine-Russia stress Nov 20 (Reuters) - The euro slumped on Wednesday as risk appetite deteriorated on growing concerns about escalating global tensions following Ukraine’s launch of British Storm Shadow cruise missiles into Russia. Markets will also turn their focus to equities with Nvidia earnings after the close.
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Reuters - 3 days ago

Sterling mostly playing headline ping-pong as geopolitics weigh

BUZZ-COMMENT-Sterling mostly playing headline ping-pong as geopolitics weigh Nov 20 (Reuters) - GBP/USD fell on Wednesday as rising geopolitical tensions offset the impact of a topside UK CPI surprise, though sterling's ability to hold gains against the euro indicated that the move in cable is more a function of the broad strength in the dollar. That said, with the latest inflation figures, most notably services CPI matching the Bank of England’s projection, the read across for the policy outl
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Reuters - 4 days ago

FX options wrap - Billions, euro warning, BoJ risk, yuan view

BUZZ-FX options wrap - Billions, euro warning, BoJ risk, yuan view FX option implied volatility retreated from the peaks seen amid Tuesday's bout of risk aversion, but the pullback was limited. EUR/USD is still mired in billions of euros of soon-to-expire option strikes between 1.05-1.06 , which is helping to limit and contain FX. However, price action indicates an ongoing perceived threat of more EUR/USD losses , with renewed demand for EUR puts/USD calls via risk reversals.
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Reuters - 4 days ago

UK watch: higher inflation dents BoE cut hopes

LIVE MARKETS-UK watch: higher inflation dents BoE cut hopes STOXX 600 up 0.3% Autos fall, tech stocks rise UK inflation surprises to upside Trump picks, geopolitics in focus S&P futures higher before Nvidia earnings Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com UK WATCH: HIGHER INFLATION DENTS BOE CUT HOPES Consumer price inflation rose by an annual 2.3% in Britain last month,
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Reuters - 4 days ago

UK CPI reinforces EUR/GBP downside but changes little for BoE

BUZZ-COMMENT-UK CPI reinforces EUR/GBP downside but changes little for BoE Nov 20 (Reuters) - Higher than expected UK CPI figures have added very little to the rate cut debate for the Bank of England. The closely watched services CPI rose to 5% from 4.9%, matching the BoE's projections. In turn, the change in market pricing has been minimal, which continues to support UK policymakers' gradual approach to policy easing, in other words delivering quarterly cuts.
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Reuters - 4 days ago

Golden opportunity to hedge the risk that the pound drops

BUZZ-COMMENT-Golden opportunity to hedge the risk that the pound drops Nov 20 (Reuters) - The pound rarely strays above 1.2000 versus the euro and each time it has done so since 2017 there has subsequently been a big drop. This is a golden opportunity to hedge the risk that happens again. Speculators might also take advantage of this rare rise for the pound but it is those who need to hedge who would be wise to take advantage of what may prove to be a very brief window for them to act.
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Reuters - 4 days ago

Billions in FX option strikes strangle EUR/USD

BUZZ-COMMENT-Billions in FX option strikes strangle EUR/USD Nov 20 (Reuters) - Soon-to-expire FX option strikes attract the most cash - related hedging flows which can help to restrict volatility and contain the FX spot price. There are billions of euros of nearby EUR/USD strikes expiring this week and they continue to grow. EUR/USD has reverted toward 2.4 billion euros of 1.0540-50 strikes that expire at 10 a.m.
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Reuters - 5 days ago

FX options wrap - Central banks and Russia threat boost prices

BUZZ-FX options wrap - Central banks and Russia threat boost prices After easing from peaks amid a slight decline in demand for USD and USD calls, FX option implied volatility got a renewed boost on Tuesday from the inclusion of major central bank meetings on a key expiry date and risk-aversion sparked by news from Russia. Having moved to Dec. 19, the benchmark 1-month option expiry now includes policy announcements from the U.S., Britain and Japan.
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Reuters - 5 days ago

Sterling drops versus yen, dollar and Swiss Franc after Russian warning

Sterling drops versus yen, dollar and Swiss Franc after Russian warning By Stefano Rebaudo Nov 19 (Reuters) - The pound dropped to multi-week lows versus the yen and the Swiss Franc as investors rushed into safe-haven assets, after a warning from Russia over its updated nuclear doctrine. It fell versus the dollar after briefly breaking a 6-day falling streak the day before.
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Reuters - 5 days ago

Huge options can influence EUR/USD this week

RPT-BUZZ-COMMENT-Huge options can influence EUR/USD this week Repeat removes mention of Monday strikes which have now expired Nov 18 (Reuters) - With little significant data before Friday's Eurozone PMIs, huge FX option strike expiries and their related FX hedging flows may dominate EUR/USD trading this week. Those trading FX volatility via FX options will typically neutralise any exposure to the currency pair with an opposing cash position and these flows can increase and potentially draw/conta
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Reuters - 6 days ago

FX options wrap - BoJ fuel, USD threat, big EUR, CNH risk

BUZZ-FX options wrap - BoJ fuel, USD threat, big EUR, CNH risk USD/JPY traders pared USD/JPY risk premium as BoJ Governor Ueda failed to commit to a December rate hike. Benchmark 1-month implied volatility had rallied 1.0 to 11.2 since early Europe on Friday and has since reverted to 10.5. There is a strong negative correlation between USD/JPY spot and implied volatility which should lift the latter if USD/JPY drops again or if traders feel USD/JPY's downside is becoming more vulnerable .
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Reuters - 6 days ago

Case remains for sterling to outperform euro

BUZZ-COMMENT-Case remains for sterling to outperform euro Nov 18 (Reuters) - Despite a modest bounce in EUR/GBP from the recent lows at 0.8262, the case remains for sterling to outperform the euro. As such, rebounds in the cross are likely to be short-lived and instead provide bears with an opportunity to reload at better levels for an eventual test of 0.82. One key reason for this view is that the ECB is taking a more urgent approach to cutting interest rates, while the BoE has continued to sig
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