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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI Eurozone Inflation Preview - November 2024
MNI POLITICAL RISK - Trump Initiates Tariff Negotiations
MNI US MARKETS ANALYSIS - CAD Slips as Trump Looks to Tariffs
As has been the case for much of the........>
OPTIONS: As has been the case for much of the week, currency hedging volumes sit
lower than average for this time of day with EUR/USD, USD/CNY and AUD/USD
markets particularly quiet. This isn't the case for USD/JPY, EUR/GBP and NZD/USD
however, which are more active Wednesday.
-Implied vols generally fell Tuesday, but have bounced early Wednesday, with
USD/CHF, USD/RUB and USD/KRW short-end tenors on the rise.
-Since the unchanged RBNZ rate decision overnight, NZD/USD calls have been
better bought, with close to $2 in call notional trading for every $1 in puts.
Strikes at $0.6450, $0.6375 and $0.6350 have garnered the most focus. Volatility
hedges have also been popular, with $0.6324 and $0.6395 straddles crossing
following the decision itself.
-Downside protection in USD/JPY remains in demand, with put strikes at Y106,
106.95-107.00 and Y105.00 the most significant. The trades are typified by one
of the larger put spreads crossing in early Asia-Pac: a $100mln 106.45/106.95
put spread rolling off on Monday, the final session of Q3.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.