Euro on hold ahead of ECB, Thursday

There is little to add today as the markets trade in tight ranges ahead of Thursdays ECB meeting, with only the US Non Mfg ISM, due later in NY, to provide any real chance of volat …
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Option Expiries 05/08/14

Option Expiries for today’s NY cut (10:00 AM EST/15:00 BST). Most notable are 102.50 in USD/JPY (2.11B) and 1.3450 in EUR/USD (1.25B). AUD/USD: 0.9200 (550M), 0.9205 (299M), 0.92 …
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USD/JPY – Consolidating around 102.50 amid big option expiry

There is a $2.11 billion expiry at 102.50 in USD/JPY for today’s NY cut (15:00 London time), which will likely attract price given the lack of Tier 1 data releases. Dealers in As …
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Option Expiries 04/08

Today’s report is relatively light but we do have some decent strikes tomorrow which may still influence today’s price action: €1.25 yards of EUR/USD 1.3450’s while in USD/ …
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AUD/NZD: a re-think of this pair.

Mon 4th Aug The AUD/NZD has looked for some time like it is trying to carve out a bottom here. The monthly chart shows that the lows reached back in early 2014 were pretty much on …
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Barclays: Staying bearish on the EUR into the ECB

Thursday’s ECB meeting is likely to accentuate EUR weakness, in our view. While we and the market do not expect any change in policy, ECB President Mario Draghi is likely to rea …
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USDCAD – Swing trade plan

With disappointing NFP numbers I think USD short traders will not look forward to jump into short trades this week. USDCAD is approaching 1.0950 price. The price has acted as both …
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European Manufacturing PMI data weak overall

All of the major Euro Zone PMI releases are out and they’ve been rather weak overall. Only the French one has been better than expected. Spanish Manufacturing PMI 53.9 vs 54.7 f/ …
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USD/CAD rally likely to show signs of exhaustion towards 1.0960

USD/CAD remains bid in the early European session and we are approaching yesterday’s high at 1.0917. Much depends now on today’s Canadian GDP release at 13:30 BST, but I think …
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Month-end flows forecasts

From Citi: Signals are all extremely weak this month, so much so that there is little clarity on whether to expect net USD selling or buying. This is because asset returns have bee …
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