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Oct 07 - 07:55 AM

EUR/USD - Big Options, Orders And Techs Can Define EUR/USD Through NFP

By Richard Pace  —  Oct 07 - 05:59 AM
  • EUR/USD recovery falters 1.1570 Thurs from 14-month low 1.1529 Wed (EBS)

  • Energy cost setback, US debt limit relief, ECB bond plan, help risk

  • Huge 1.15 barrier options nL1N2R20OE, key Fibo nL1N2R3096 underpin

  • Sell orders touted 1.1600- Thurs high and huge option expiry nL1N2R30EF

  • Above Mon's 1.1640 peak and pressure off - pair back in more familiar ranges

  • Weekly close above 200-week ma 1.1573 can also help to relieve pressure

  • Fri's NFP key to Fed Nov taper, but FX volatility premiums low nL1N2R30CQ

  • Broader implied volatility setbacks consistent with latest risk recovery

  • Benchmark 1-month implied vol 5.1 vs 5.5 Thurs (4.5 recent/pandemic low)



For more click on FXBUZ


WEEKLY EUR=EBS Click here

Source:
Refinitiv IFR Research/Market Commentary

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