MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Demand for AUD/NZD Upside Evident Despite Hawkish RBNZ Hold

OPTIONS
Homepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • No surprise to see a surge in FX options volumes covering NZD overnight following the hawkish RBNZ decision and subsequent follow-through NZD strength. AUD/NZD was of particular focus, with most trades following the RBNZ's hawkish hold - interestingly, they're dominated by OTM calls, with 1.1100, 1.1350-00 and 1.14 strikes in particular focus.
  • Similarly, after UK CPI, GBP hedges have taken the spotlight, as EUR/GBP notional shoots higher thanks to demand for puts shortly following the data. 0.8475 strikes traded in size, the bulk which expire on June 21st, thereby capturing the BoE decision on the day before.
  • Most notable expiries rolling off at today's NY cut include E621mln at 1.0830 in EURUSD,$2.2bln at 155.50-60 in USDJPY and $797mln at 1.3680 in USDCAD
120 words

To read the full story

Close

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.
  • No surprise to see a surge in FX options volumes covering NZD overnight following the hawkish RBNZ decision and subsequent follow-through NZD strength. AUD/NZD was of particular focus, with most trades following the RBNZ's hawkish hold - interestingly, they're dominated by OTM calls, with 1.1100, 1.1350-00 and 1.14 strikes in particular focus.
  • Similarly, after UK CPI, GBP hedges have taken the spotlight, as EUR/GBP notional shoots higher thanks to demand for puts shortly following the data. 0.8475 strikes traded in size, the bulk which expire on June 21st, thereby capturing the BoE decision on the day before.
  • Most notable expiries rolling off at today's NY cut include E621mln at 1.0830 in EURUSD,$2.2bln at 155.50-60 in USDJPY and $797mln at 1.3680 in USDCAD