USDCAD TECHS

Bouncing Off Trend Low

AUDUSD TECHS

Opens Gap With Recent Highs

EURJPY TECHS

Breaks Through Channel Base

USDJPY TECHS

Attention Remains On The Bear Channel Top

EURGBP TECHS

Approaching Key Support

GBPUSD TECHS

Pulls Back From Key Resistance

Europe Summary: Bund Profit Taking

OPTIONS

In a very strong day for core fixed income, the only EGB flow of note involved profit taking: RXU0 180/182 call spread sold at 5.5 in 2.5k. (these were bought for 4 a week ago). Apart from that, we saw vol selling in short selling via par straddles.

Euribor option flow included:
  • ERZ0 100.50c, bought for 2.25 in 3k (Ref: 100.45)
  • 0RZ0 100.50c, bought for 5.5 in 5k (ref 100.505)
Short sterling option flow included:
  • LZ0 99.87/99.75ps vs LV0 99.87/99.75ps, bought the Dec for 1 in 4k
  • 2LU0 100^ sold at 10.5 in 2.25k
  • 0LQ0 100^, sold at 5.75 in 1k (ref 100.02)
  • LH1 100.00/100.25 c/s sold at 4.75 in 5k
MNI London Bureau | +44 203-865-3807 | tim.cooper@marketnews.com