Algorithmic Trading One Line News
automated trader rss feed

FX Update- EUR

Posted:01/12/2008 15:34 by Keith Lobodzinski
Large EUR puts traded over December 20th at 25.5% and is being well touted throughout the European market. Interest for the euro downside picked up today in contrast to last week's re-hedging above the 1.3000 handle. The euro move back below 1.2600 encouraged EUR put interest, with the focus turning back to the ECB rate outlook ahead of Thursday's rate announcement. The weekend press highlighted potential for a 75 bp move due to the recent deterioration in Eurozone data. However, a Dow Jones news report has cited a ECB source that said the most likely outcome is 50 bp this week. Meanwhile, a 1.2600 option strike for today's N.Y cut may be underpinning the euro in to expiry. click here to return to the top of the page
  • Copyright © Algorithmic Media Ltd 2009
http://www.traderslaboratory.com You need to upgrade your Flash Player