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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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MNI BRIEF: Limited Economic Impact Of French Crisis - EC
Currency hedging volumes edging just........>
OPTIONS: Currency hedging volumes edging just below recent averages Thursday,
with USD/JPY and EUR/USD activity sharply below average and not countered by
better volumes in USD/CNY and GBP/USD. Implied vols are generally higher across
DMFX, while Asia-Pac vols pull lower. USD/JPY 1m vols are recovering after
dropping for several sessions from cycle highs hit in early May.
-GBP/USD hedging volumes sit ahead of average, with May's precarious leadership
position and today's cycle lows in spot helping to prop up activity. Downside
GBP/USD exposure has been in demand, with over $2 in put notional trading for
every $2 in calls so far Thursday. One of the larger trades crossing in the NY
crossover was a Gbp408mln 1.20/1.25 put spread rolling off in just over 2
months.
-TRY markets have been busy also, with USD/TRY spot climbing to the best levels
of the week. Volatility trades have been popular, with a $340mln 5.434/7.867 3m
strangle crossing late in the European morning. Demand for vol trades coincide
with the uptick in 3m vols today, with the contract climbing back toward 23
points.
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.