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FOREX

FX OPTION EXPIRY

EGB OPTIONS

Large Bund downside

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  • Momentum on CEE currencies has been strong in the past two days; USD has been giving back a lot of its July strength against HUF, PLN and CZK.
  • USDPLN is currently testing its 3.85 support (after failing to break its 3.90 resistance yesterday); next level to watch on the downside stands at 3.83.
  • HUF has also been constantly strengthening since the NBH decision on Tuesday; USDHUF is gradually approaching its 300 support; next level to watch on the downside stands at 298.50 (200DMA).
  • USDCZK is currently testing its 100DMA at 21.47; a break below that level would open the door for a move down to 21.33 (50DMA).

Source: Bloomberg/MNI