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BOND SUMMARY

EGB/Gilt: Ending The Week On A Soft Note

CORN TECHS

(N1) Needle Still Points North

SOY TECHS

(N1) Bullish Theme

COPPER TECHS

(K1) Breaks Out Of Its Recent Range

OPTIONS

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CIBC issue new trade recco:

  • Short EUR/USD at market (they cite 1.1885) to target 1.1600. - They recommend a stop/loss at 1.2010
  • CIBC stress that ECB speakers have been pushing the need to keep financing conditions accommodative for a while now, but the rhetoric has been ramping up in recent weeks.
  • They add that an alternative way to express this view is via 3-month EUR/USD 1.16 strikes as 3M vols are fairly cheap.