Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
OPTIONS: As has been the case all week, currency hedging volumes sit
lower-than-average for this time of day. EUR/USD options activity, which had
lagged over the past few days, has begun to pick up - likely triggered by the
multi-month lows in the spot rate today. USD/SGD volumes have also surged,
although USD/CNY, AUD/USD and GBP/USD markets are much quieter.
-Implied vol markets are more mixed. EUR/USD vols are unsurprisingly higher,
with the short-end of the term structure edging higher. So far, EUR/USD options
trade has been slightly tilted toward puts, with 1.10, 1.0925 and 1.09 strikes
favoured (although put strikes as low as 1.0715 have also garnered attention).
-Some of the larger trades crossing in the Asia-Pac session were volatility
hedges, with early Asia trade seeing a E225mln 1.1090 straddle crossing due to
roll-off on October 14th. Nonetheless, the downside protection bias has been
typified by some of the put spreads crossing today: 1.0925/1.1025, 1.10/1.11 put
strikes have been favoured.
-SGD's post-industrial production slump has also triggered a wave of USD/SGD
call option buying, with over $3 in calls trading for every $1 in puts today.