Wanna profit from range-bound markets? Buy a double-no-touch option. China did, according to interbank dealers. As long as prices do not trade at either extreme, you’re a winner.
Dealers note talk of options-related selling on strength in AUD/USD today near the 0.8000 level and say there are strong bids in cable toward 1.6150. Mid-east accounts sold cable this morning, we told, as more money is pulled out of investment in UK banking companies.
EUR/US is firmer in its range after the improved continuing jobless claims, at 1.3950. Risk on!
