SPAIN AUCTION RESULTS: Top Of Range Sold; But Results Mixed

Apr-10 08:50

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Top of the range sold at that Spanish auction (E6.457bln vs E5.5-6.5bln target), with mixed results ...

Historical bullets

EQUITIES: Estoxx Put Spread

Mar-11 08:45

SX5E (17th April) 5100/4900ps, bought for 21.3 in 4k.

CNH: SocGen Recommend Switching Longs In USD/CNH To EUR/CNH

Mar-11 08:44

Societe Generale prefer “to switch from a long position in USD/CNH to EUR/CNH in anticipation of further positive surprises for the euro resulting from fiscal expansion and a potential peace deal between Russia and Ukraine”.

  • They also note that “there are strong signals that U.S. economic exceptionalism is receding, with the euro taking the lead in this tectonic shift. While an underwhelming Chinese NPC provided no shock and awe from fiscal and monetary”.
  • The recommendation came with EUR/CNH trading at 7.8740, with a target of 8.1900 and a stop loss at 7.7200. 

FOREX: FX Exchange traded Roll Pace

Mar-11 08:30

Expect FX exchange traded roll to pick up this Week, should be all done by Friday ahead of the Expiry next Monday (17th March).

ROLL PACE:

  • EUR: 24%.
  • GBP: 26%.
  • JPY: 35% (above pace).
  • CHF: 22%.
  • CAD: 15% (below pace).
  • AUD: 22%.
  • NZD: 27% (above pace).
  • SEK: 38% (above pace).
  • NOK: 27%.