eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
Apr 24 - 06:55 AM
–
AUD/USD - Clues From The FX Options Market?
By Richard Pace — Apr 24 - 05:17 AM
(Corrects typo line 4 )
• FX option trade flows can offer clues about FX sentiment and direction
• There's been increased interest to sell higher strike AUD/USD options over recent sessions
• Dealers say its most likely unwinding of bullish structures that have already reaped rewards
• This profit taking doesn't mean that AUD/USD can't eventually trade higher, maybe just not right now
• A recent report from DB research expects USD decline to deepen and AUD/USD to reach 0.7600 this year
• Related - Complacency to caution: FX options edge up into
cen-bank heavy week
AUD=D3
(Richard Pace is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters