eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
• EUR/USD heavy in Asia, 1.1456-73 EBS, still feeling effects of hawkish Fed
• FOMC voted to hike 25 bps as expected, more hikes look to be in store
• EUR/USD now below ascending, widening 1.1485-1.1502 daily Ichimoku cloud
• First time below this cloud since July 31, low then 1.1455, support
• Massive option expiries today to again help contain spot action
• 1.1400-20 E4 bln, 1.1430 E1.6 bln, 1.1435-50 E2.1 bln, 1.1460-95 E3.3 bln
• The 1.1500 strike along to see E4.6 bln in expiries today
• EUR/CHF in contrast still very much bid, 0.9462-72 EBS, at recent highs
• Carry demand continuing? Sideways for now but bias still up?
• EUR/JPY in stasis post-Fed, pre-BOJ, Asia 178.92-97 EBS, in recent range
• Below 179.30 descending 200-MA, above 178.72 100-HMA, 178.49-67 cloud
• EUR/GBP 0.8566-70 post-Fed, pre-BoE, at top of 0.8538-71 daily Ichi cloud
• In 0.8564-77 hourly cloud, 100-HMA 0.8574 in cloud, 200-HMA 0.8579 above
• Some option expiries today in the 0.8565-75 window
• Related comments , , , also
EUR/USD:
EUR/USD nearby option expiries into next week:
EUR/CHF:
(Haruya Ida is a Reuters market analyst. The views expressed are his own)