Retail is only 54% long down from 56% in the last week.
EFX suggest options volatility isn't crazy too. Thursday should be interesting in the EUR
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Brexit worries continue; the latest episode is Tuesday's UK supreme court verdict on whether UK PM Boris Johnson illegally prorogued parliament.
Opposition Labour party's Brexit policy will be settled in a vote late Monday.
However, overnight expiry cable options are only marginally higher and below recent median, suggesting tame GBP reaction .
One-, two- and three-month GBP vols extend gains, however, on expectations GBP volatility will increase, after the former's 3.0 vol spike once it captured Oct.
17-18 EU summit and the latter's inclusion of a likely UK election .
Awful euro zone PMI knocked EUR/USD to 1.0966 Monday, but it's crawled back toward 1.1000 since.
No surprise given the 5 billion euro-plus expiry on Thursday, which will remain a draw .
Those expecting steeper spot declines won't get any reassurance from options, which barely reacted to Monday's weakness and clearly aren't positioning for rapid or bigger losses .
Big U.S. bank likes selling GBP/SEK spot .
USD/JPY options signalling the most likely spot course for weeks, with today's setback reinforcing convictions
EFX suggest options volatility isn't crazy too. Thursday should be interesting in the EUR
---
Brexit worries continue; the latest episode is Tuesday's UK supreme court verdict on whether UK PM Boris Johnson illegally prorogued parliament.
Opposition Labour party's Brexit policy will be settled in a vote late Monday.
However, overnight expiry cable options are only marginally higher and below recent median, suggesting tame GBP reaction .
One-, two- and three-month GBP vols extend gains, however, on expectations GBP volatility will increase, after the former's 3.0 vol spike once it captured Oct.
17-18 EU summit and the latter's inclusion of a likely UK election .
Awful euro zone PMI knocked EUR/USD to 1.0966 Monday, but it's crawled back toward 1.1000 since.
No surprise given the 5 billion euro-plus expiry on Thursday, which will remain a draw .
Those expecting steeper spot declines won't get any reassurance from options, which barely reacted to Monday's weakness and clearly aren't positioning for rapid or bigger losses .
Big U.S. bank likes selling GBP/SEK spot .
USD/JPY options signalling the most likely spot course for weeks, with today's setback reinforcing convictions
Hypocrite lecteur, mon semblable, mon frere!
