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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.
EUR
- Currency options markets have shifted notably in the wake of the ECB press conference, with front-end risk reversals contracts edging higher as markets seek out protection against near-term EUR strength.
- The 6-month EUR/USD risk reversal now trades at the best levels since early October last year, capturing the next four ECB rate decisions and next two rounds of formal ECB forecasts (first in March, then in June).
- Demand for EUR upside protection mirrors a market bringing forward rate hike expectations, with STIRs now pricing a 10bps hike by July, 25bps by October and 36bps by year-end.
Figure 1: EUR/USD 6m Risk Reversal at highest in four months, despite hawkish Fed
Source: Bloomberg
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.
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