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SocGen issue new trade idea: buy EUR/USD....>

OPTIONS
OPTIONS: SocGen issue new trade idea: buy EUR/USD 1m forward vol in one month.
SocGen cite strong seasonality risks in May, finding that after a marked
start-of-year effect, which sees EUR/USD volatility fall until April, volatility
is most likely to pick up in May, which is also the month with the highest
average vol increase since 2000.
Their seasonality analysis suggests buying 1m volatility in one month rather
than 2m volatility as of today, locking in current historically depressed levels
in buying forward volatility. As such, go long EUR/USD forward volatility swap
1m in 1m.

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