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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 BRIEF: Japan Q3 Capex Up Q/Q; GDP Revised Lower
MNI BRIEF: China November PMI Rises Further Above 50
As is the case in FX spot markets,..........>
OPTIONS: As is the case in FX spot markets, options turnover sits lower than
average at the NY crossover, with muted CNY and EUR markets dragging down
overall volumes. Despite this, short-end implied vols are generally having a
better session across DMFX, with USD/CAD and GBP/USD posting the largest gains
in 1m space. EMFX vols are slightly more bid, with USD/MXN, USD/TRY and USD/KRW
all firmer to a decent degree.
-EUR/CHF options vols surged just ahead of the NY open, with substantial
downside position crossing: a two-month E220mln/E200mln 1.0775/1.1000 put spread
rolling off on September 20th. The trade would break even on a move below approx
1.0950.
-The weakness in GBP/USD spot has triggered further demand for GBP downside
hedges, with markets eyeing put strikes at 1.24, although a series of trades
have crossed that appear to be picking the bottom, with 1.25 and 1.2550 call
strikes also proving popular. EUR/USD and EUR/GBP 1-week vols trade with a
decent premium now they capture Thursday's ECB rate decision, hitting the
highest since early July and early June respectively.
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.