KOF for june unchanged at 2.23 No reaction in EUR/CHF or USD/CHF
Talk of sizeable bids now sitting just below the recent all time lows of 0.7996 at 0.7990 which are apparently option related
…vs the USD at 0.7996, but have a feeling I’ll be using this comment as a template for the next new lows, until the US debt ceiling bickering ends.
USD/CHF barrier at 0.8000 was taken out to a low of 0.7997 on the EBS trading system apparently. Of course it bounced straight away to 0.8018 , but looks like the swiss strength is still very much the vogue this … Continue reading
Optionality at .8000 continues to attract USD/CHF and it has posted a new record low at .8014 before recovering slightly. President Obama didn’t manage to produce any unexpected bright spots and the USD sentiment remains heavy. EUR/USD is still struggling … Continue reading
USD/JPY: Solid bids at 78.00; stops directly below but mixed in with more bids towards 77.70; stops heavier below 77.50. USD/CHF: Optionality at 80.00 with bids ahead of there and stops directly below EUR/USD: Barrier at 1.4450; bids plentiful around … Continue reading
Reasonably quiet night with only the CHF making any sort of move. Moody’s downgrade of Greek debt wasn’t unexpected but it did remind the market of the inherent dangers of being long EUR. With the ugly contest still a close … Continue reading