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Oct 28 - 06:55 AM

EUR/USD - Risks Abound But Buyers Await

By Richard Pace  —  Oct 28 - 04:55 AM
  • Risk aversion, EU virus fears, month end USD demand, Thurs ECB, all weigh

  • EUR/USD buyers touted 1.1750-00, should slow any deeper declines

  • Hedging of 1-billion option expiries in mid 1.17's help too nL1N2HJ0C3

  • Dealers say bulk of hedge fund EUR/USD longs unwound - encouraging for longs

  • Less congestion can help post U.S election gains on a Democrat clean sweep

  • However, risk for longs is Democrats lose senate and fiscal hopes knocked

  • 1-week options get election result - flag uncertainty/FX risk nL1N2HJ0HW




EUR=EBS Click here

1-week implied volatility gets U.S election result Click here

Source:
Refinitiv IFR Research/Market Commentary

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