what is that?

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These are todays expiries. Probably should have made that one clear lol. they are the NY cut today.

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Lots of people missed the move lower... and they've moved their sell limits closer to mkt, potentially making range trading near the lows more likely. DTCC for the day has 1.2bn at 1.36 going off and 886mn at 1.35 + 446mn at 1.3550. So little option ...

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when you enter a trade, there is a chance that it might work, and a chance it doesn't... how is this different exactly? I'm not sure how you can be so confident that we are in a downward trend? lets say we close >1,3550 and rebound. Will you admit ...

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Unicredit FI/FX desk notes News and Events ■ CH: 2Q GDP came in better than expected, edging up slightly to 7.5% from the previous 7.4%. This outcome reflects an earlier and stronger than expected impact from the authorities’ pro-growth measures. ■ ...

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Bank of America desk notes Summary · G10: Strongest convictions in NZD, GBP, EUR & USDCAD. · CEEMEA: Lower EURHUF, higher EURHRK & EURRSD. · ASIA: All eyes on the Won again, but China data better. G10 EURUSD Conviction – Lower 3/5 Yellen’s testimony ...

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desk covered NZD shorts at 87. Middle of nowhere now, need a new catalyst.

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There are strikes at nearly every level, every day... but the chart of upcoming big strikes is the bubble one above. but why would that matter now?

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what do you mean? mkt is seriously short gamma, maybe that explains why you think its unnatural?

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EUR has large stops under 1.3550 and huge ones (RM + leveraged) under 1.35. selling pressure could push us under a 2yr trendline. *however* there is currently no reason I see as to why today/tomorrow is the day we break. when we look at DTCC, there ...

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no.

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is it worth it?

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Big beat on UK CPI, however a one-off thing. Will reverse lower next month... GBP obviously legs higher, and people I'm seeing are unwilling to fade given data tomorrow.. (may of course be some USD buying affecting cable, but no fade broadly in GBP) ...

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Firstly, Unemployment claims isn't an important enough indicator to have a sizeable reaction, its a tier 2 / tier 3 data piece. but lets pretend it is important for the purposes of this... I've attached a picture of the estimate and the high/low. ...

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Here. I modelled it to a AUDUSD value. so 0.91.

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The banks don't have the same algos, no. But they are quite similar, and all really fast. But like I said, they dont "agree" on a price... its an auction. that is where it settles, that is where the market clears at.

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imagine it like a microsecond auction process. remember a market maker takes both sides with a spread. So they will fill both sides of anyone that wants a trade. It will also eat up orders, and the slower price feeds will have to fill orders at mkt ...

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"what does market maker do before the news..5-10 minutes...can we spot this in a way?, Could we spot this with currency meter and last few ticks or something?" Nope, there are many market makers. They all have different orderbooks / positions. no ...

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Some pieces from this morning.

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Bank Of America Spot traders views & convictions Summary · G10: GBP conviction decreased, USDCAD conviction strengthened. · CEEMEA: Conviction for higher USDILS, EURHRK & EURRSD. · ASIA: A quieter week ahead in terms of NJA data, with focus turning ...

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