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Technical Summary

IndicatorValueTrend
IndicatorValueTrend
IndicatorValueTrend
IndicatorS3S2S1PR1R2R3

News

FX options wrap - Intervention alert, data threat, USD bid

BUZZ-FX options wrap - Intervention alert, data threat, USD bid FX option implied volatility is back at the long-term lows seen before the March 22 Chinese yuan slump, but there are a few exceptions that highlight perceived volatility risks ahead. USD/CNH 1-month expiry implied volatility spiked from 2.5 to 4.75 on March 22 but has met demand on its reversion to 3.3. One-month risk reversals flipped from a USD put, to a USD call premium that day, which remains intact to reflect the risk of more
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Sterling bows to dollar strength after UK GDP data

Sterling bows to dollar strength after UK GDP data By Amanda Cooper LONDON, March 28 (Reuters) - The pound eased on Thursday after data confirmed the UK economy entered recession in the second half of last year and as the dollar put on a display of broad-based strength as the month and the quarter end. Action in the currency market has been dominated this week by the prospect of the Bank of Japan intervening to buy the yen, which has hit its weakest since 1990 against the dollar.
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FX options wrap - Value and protection, JPY conflict, EUR slide

BUZZ-FX options wrap - Value and protection, JPY conflict, EUR slide FX option implied volatility returns to long-term lows, aligning with a slight increase in historical volatility for cost-effective currency protection . The impending UK/EU Easter bank holidays are adding a little weight to implied volatility as traders adjust for the four dead trading days.
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Sterling steadies as survey shows businesses trim hiring and pay plans

Sterling steadies as survey shows businesses trim hiring and pay plans By Joice Alves LONDON, March 27 (Reuters) - Sterling steadied on Wednesday after a survey showed British businesses trimmed back plans for staffing and wage increases this month, with the Bank of England watching for signs of inflation pressures abating enough for it to cut interest rates.
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A good time of year to be a sterling bull

A good time of year to be a sterling bull By Amanda Cooper LONDON, March 27 (Reuters) - The Bank of England could end up beating the Federal Reserve and the European Central Bank in the race to cut interest rates if market expectations prove correct, but the pound has more than just its yield appeal to ward off any serious bear attacks. At its March meeting, the BoE left interest rates unchanged at 5.25% and maintained its outlook for inflation and growth.
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