FOREX: Major Pairs Hold Relatively Tight Ranges Despite Equities Surge
Apr-24 16:18
* Currency markets remained relatively stable on Thursday, as major pairs held narrow ranges throu...
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OPTIONS: Larger FX Option Pipeline
Mar-25 16:16
- EUR/USD: Mar27 $1.0750(E1.3bln), $1.0800(E1.9bln), $1.0820-25(E1.3bln), $1.0850-65(E1.9bln); Mar28 $1.0700(E1.1bln), $1.0800(E2.2bln)
- USD/JPY: Mar28 Y151.00($1.2bln)
- EUR/GBP: Mar31 Gbp0.8360-70(E1.1bln)
- USD/CAD: Mar28 C$1.4145-50($1.2bln)
EURIBOR OPTIONS: Call Spread Unwind
Mar-25 16:12
ERM5 97.875 / 98.00 call spread, sold for 4 in 10k. Market contact suggests this is an unwind of an existing position.
GBP: GBPCAD: Tariff Risks Boost Cross to Near Nine-Year Highs
Mar-25 16:11
- Tariff-related pessimism and domestic political uncertainty have left the Canadian dollar at the bottom of the G10 pile in 2025. GBPCAD remains 6% above the January lows, and the March high at 1.8779 represented a near nine-year high for the cross.
- In similar vein to GBPAUD, moving average indicators remain in a bull-mode position, and the latest pullback has allowed the 20-day EMA to provide solid support so far. The average currently intersects at 1.8453.
Source for all charts: MNI/Bloomberg
(Green lines represent 20- and 50-day exponential moving averages)
