best part about USDRUB, the carry... so long as the price is under the green line when you close the trade, you make profit. In the long run, you ain't beating carry.

USD/RUB

note weakness in AUD on the open due to industrial production numbers. 0.90 big level (and according to goldman) will be attracting a lot of demand from soverign, but also Japanese buyers as the x-ccy has aided potential for foreign buyers of AUD ...

Cross Market Analysis

This pair, after this thursday is still going to be a USD story, as it has been for the last 2 months. The GBP hasn't really weakened on Scotland, nor has it strengthened. In fact its done very little. But short covering would take us to 1.64+ on ...

Cross Market Analysis

oh come on please, JPM models are the most basic possible - a 10 year old could make them. Here are two that I've just quickly made. The thing with models, is that you can make them show you what you want. so here we have the EURUSD in white, vs two ...

EURUSD

Slightly mis-quoted, year end of 2015 would be 1.46. So they don't think it would fall to 1.46 straight after a yes vote

Scottish separation vote and impact on GBP spot

Is GBP really reacting to scottish independence rhetoric? Take a look at rate spreads vs the GBPUSD. US rates have been rising, while UK rates have been dropping... so its no surprise that we've seen cable drop. But its hardly the scottish ...

Cross Market Analysis

From nomura spot trading desk JPY – There was no good catalyst ( apart from SF Fed study saying that investors expect lower rates for longer than Fed) but USD was boosted across the board, especially USD/JPY’s performance was outstanding in the G10 ...

Cross Market Analysis

Crazy moves in front end GBP vols, 2W marked higher towards 11vols, this is from our options desk In response to a poll released over the weekend GBP vols are going bonkers and 1m EURGBP has been a particular focus of the rally trading up from 9.25 ...

Cross Market Analysis

1.6200 on bloomberg and reuters. 120 point gap down on the open. gonna be an interesting asia

Cable Update (GBPUSD)

lolwut?

Do I need 2 accounts or 2 brokers?

back...

Cross Market Analysis

all of these places get their data from the DTCC, that is the one and only true place to get options data... but bear in mind (because dodd frank) it only has data for trade placed with US counterparties... so with LDN the largest options house, ...

Where should I look for option expiration data?

JPY – very quiet overnight, USD/JPY was a 11pips range between 102.45/56 thanks to Obon holiday in Japan. BoJ officials said to consider cutting the growth forecast for 2014. Interestingly we have seen mainly sellers of USD/JPY this week but USD/JPY ...

Cross Market Analysis

GBP tracking interest rates perfectly... market clearly seeing this as dovish, I'm less sure... Citi saying strong support at 1.67, but heavy stops below if triggered = 1.6640 Wages shocking... BoE f'cast to 1.25% from 2.5%... so who thinks we'll ...

Cross Market Analysis

Goldman sachs G10 thoughts EUR Last week’s risk sell off seems to have been consigned to history and from an FX perspective the main impact has been to squeeze out a decent amount of the long dollar positioning that had built up. Short EURUSD will ...

Cross Market Analysis

Exactly this ^ If you're trading USDJPY and you're not watching bond yields, I am sorry that you'll wipe your account.

EURUSD

Lower geopolitical risk, markets risk on... TRY was very oversold... simple short covering rally today. Turkish rates broadly higher on the week, but 20bps of their highs of the session

EURUSD

German 5s and 2s... Yes, EUR debt does yield 0% from Germany, but to accurately compare to US, they need to be in the same currency... hence we adjust for X-CBS and the yield is infact 0.4% as per chart

EURUSD

nothing much happened in greek debt?

EURUSD

Probably because Bunds are denominated in EURs and Treasuries are in USD and also the inflation rates are very different! ... hence looking at the nominal yields means very little, as there is cross currency basis risk. What you need to do, is ...

EURUSD