Free Trial

The EUR has been resilient in the Asia.........>

EURO
EURO: The EUR has been resilient in the Asia session thus far holding on to
Thursday's gains.
- Friday sees a number of notable EURUSD FX options rolling off at the 10AM NY
cut: $1.2000(E772mln), $1.2120(E1.74bln), $1.2150(E3.35bln),
$1.2200-10(E857mln), $1.2250(E2.98bln), $1.2300(E962mln).
- There is potential for EUR position squaring heading in to the weekend with
the Italian elections and the results from Germany's SPD party vote on the Grand
Coalition both due on Sunday.
- While the recently released Sentix euro break up index sits at record lows as
anti-Euro rhetoric has been surprisingly low key in Italy, EURUSD 1-week option
implied volatility has moved to the highest levels seen since May.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.