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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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Overall currency hedging volumes............>
OPTIONS: Overall currency hedging volumes mirroring the action seen in futures,
with activity slightly lower than average for this time of day. Lower USD/CNY,
USD/JPY and GBP/USD notional currently countering more active EUR/USD and
EUR/GBP pairs at the NY crossover.
- Implied vols generally lower and term structures flatter with the exception of
EUR/USD, which sees the short-end go well bid as contracts eye ECB-induced
volatility tomorrow. EUR/USD overnight vols have rallied to touch the highest
levels of the year Thursday, touching 15 points.
- Some of the larger trades crossing Wednesday have been EUR/USD volatility
hedges, with the NY crossover seeing a E124mln 1.1315 straddle traded, expiring
on 9th October and capturing both the ECB and Fed's next rate decisions.
- Similarly in EUR/GBP, puts have been better bought as the outlook for Brexit
improves. 0.81/0.86 put spreads have drawn focus, with the position trading in
size in Asia-Pac hours with six month expiries (capturing the new 'delayed'
Brexit day on Jan31).
To read the full story
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Please enter your details below.
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.