By Richard Pace — Aug 07 - 06:35 AM
DTCC traded option data shows a massive impending USD/USD option strike
There are 3.3-billion USD's at 1.3325 expiring 10-am New York cut Friday
Related cash hedging flows to offset directional risk may affect FX
Can help draw contain if FX nearby strike and nothing else impacts market
USD/CAD big rally from 1.3152-1.3393 Friday, 1.3392/40 so far Monday
Falling 21-dma 1.3401 adds resistance. Thur's U.S. CPI only real FX risk
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary