XM does not provide services to residents of the United States of America.

XM does not provide services to residents of the United States of America.
E
E

EURCHF

News

Reuters - 15 hours ago

FX options wrap - USD gains and Trump trades are key drivers

BUZZ-FX options wrap - USD gains and Trump trades are key drivers FX option implied volatility remains broadly heavy amid the ongoing lack of FX realised volatility, but the impending U.S. election and the risk of an extended USD recovery maintain demand and premium for the 'Trump trade' . Overnight expiry EUR related implied volatility was the lowest for any ECB policy announcement in 2024 - consistent with the lack of actual volatility in its wake.
A
A
A
C
E
E
E
E
E
G
N
U
U
U
Reuters - 2 days ago

FX options wrap - Trump trade, ECB risk, revealing sales

BUZZ-FX options wrap - Trump trade, ECB risk, revealing sales Shorter dated expiry implied volatility in most of the major currency pairs remains under pressure and reflects the lack of current FX realised volatility. That's not expected to change much until the U.S. election, where implied volatility is higher and better supported. Overnight expiry implied volatility remains very low, even in EUR related pairings which now include Thursday's ECB policy announcement .
A
A
A
C
E
E
E
E
E
G
N
U
U
Reuters - 2 days ago

FX options show ECB risk to EUR/USD is at long time low

BUZZ-COMMENT-FX options show ECB risk to EUR/USD is at long time low Oct 16 (Reuters) - The European Central Bank is almost unanimously expected to cut rates by 25bps to 3.25% on Thursday. An increase in related FX option premiums shows the market is not complacent about the potential for increased FX volatility, but expects it to be limited. Overnight options expire on the next working day at 10 a.m.
E
E
E
E
E
Reuters - 3 days ago

FX options wrap - Pricing says FX is still going nowhere fast

BUZZ-FX options wrap - Pricing says FX is still going nowhere fast Another day of FX consolidation and limited volatility which keeps the pressure on FX option implied volatility . EUR/USD tested below 1.0900 but lacked the impetus needed to excite the FX options market. The ECB is widely expected to cut rates by 25 bps on Thursday, so it would take a surprise hold to reignite related FX volatility.
A
A
A
C
E
E
E
E
E
G
N
U
U
Reuters - 4 days ago

FX options wrap - Nowhere fast, election bid, USD hedge

BUZZ-FX options wrap - Nowhere fast, election bid, USD hedge Shorter term expiry FX option implied volatility remains depressed to highlight a lack of short-term realised volatility expectations, with overnight/next day expiry option premiums hitting their lowest levels since July . Premium/break-even prices taken from overnight expiry implied volatility in EUR/USD, GBP/USD and AUD/USD, were at/below 25 USD pips on Monday's U.S.
A
A
A
C
E
E
E
E
E
G
N
U
U
U
Reuters - 1 week ago

FX options wrap - Balancing current FX with impending risks

BUZZ-FX options wrap - Balancing current FX with impending risks The FX volatility upon which FX options thrive has been lacking and leaves dealers to manage time decay costs whilst retaining protection from impending risks. This scenario is reflected in FX option premium and trade flows. The USD has staged a recovery from its late September lows as the extent of the U.S.
A
A
A
C
E
E
E
E
E
G
N
U
U
Reuters - 1 week ago

Stand out G10 FX option strike expiries next week

BUZZ-COMMENT-Stand out G10 FX option strike expiries next week Oct 11 (Reuters) - The cash hedging of soon-to-expire FX option strikes can bolster nearby support and resistance levels, whilst having a magnetic effect on FX price action, and there are plenty to note on Friday and the week ahead. The biggest nearby EUR/USD strikes on Monday are at 1.0945-50 on 1.5 billion euros, Tuesday at 1.1000 on 3.3 billion euros, Wednesday at 1.0950-55 on 2.7 billion euros and on Thursday between 1.0975-90 on
A
A
A
C
E
E
E
E
G
N
U
Reuters - 1 week ago

FX options wrap - Falling FX volatility precedes a resurgence

BUZZ-FX options wrap - Falling FX volatility precedes a resurgence Price action in FX options suggests traders are anticipating a period of lower FX volatility before a resurgence in early November. Implied volatility for options expiring through the end of October is relatively low and sellers have been dominating the fairly limited trade flows. However, benchmark 1-month expiry options include the U.S.
A
A
A
C
E
E
E
E
E
G
N
U
U
Reuters - 1 week ago

FX options wrap - USD path, RBNZ, U.S. election and Fed risks

BUZZ-FX options wrap - USD path, RBNZ, U.S. election and Fed risks FX option implied volatility is broadly heavy as the USD consolidates its recent recovery and leaves G10 FX spot within familiar ranges without any real break-out catalysts. There has been an increase in FX volatility risk premium for USD call options as shown by near dated risk reversals in most of the major pairings, but those gains have since stalled.
A
A
A
C
E
E
E
E
E
G
N
U
U
U
Reuters - 2 weeks ago

FX options wrap - A firmer USD trade is lacking conviction

BUZZ-FX options wrap - A firmer USD trade is lacking conviction Oct 7 (Reuters) - The USD has recovered more ground since Friday's U.S. payroll data beat, and although FX options are primed for further USD gains, they lack the conviction for an extended move. Banks note USD demand on dips, especially EUR/USD in the mid 1.09s , which is also attracting huge FX option strike expiry hedging.
A
A
A
C
E
E
E
E
E
G
N
U
U
U
Reuters - 2 weeks ago

Larger FX option strike expiries this week

BUZZ-COMMENT-Larger FX option strike expiries this week Oct 7 (Reuters) - The cash hedging of soon-to-expire FX option strikes can add to any nearby support and resistance levels, whilst also having a magnetic effect on FX price action, and there are plenty on Monday and the rest of this week. Stand out EUR/USD strikes in the current vicinity are on Monday between 1.0950-60 on 3.1 billion euros and 1.0990-1.1000 on 1.6 billion euros.
A
A
A
C
E
E
E
E
E
G
N
U
Reuters - 2 weeks ago

FX options wrap - Wanting the USD and US election protection

BUZZ-FX options wrap - Wanting the USD and US election protection Options that give holders the right to buy U.S dollars were sought amid the USD recovery from new recent lows, and were a prudent bet given the Greenback has extended its gains since Friday's U.S. jobs data beat . The data and its revisions were much higher than expected, which has changed the narrative around the size and timing of impending U.S.
A
A
A
C
E
E
E
E
E
G
N
U
U
Reuters - 2 weeks ago

FX Options wrap: USD and premium gains warn of impending FX risks

BUZZ-FX Options wrap: USD and premium gains warn of impending FX risks FX option implied volatility remains underpinned by risk aversion as middle eastern tensions simmer and U.S. NFP, CPI and elections loom. The USD and FX option USD calls are in demand, with an increased premium for the latter. That's apparent when looking at benchmark 1-month expiry 25 delta risk reversal contracts for the USD against the major pairings, with EUR/USD up to 0.325 from 0.1 and GBP/USD to 0.5 from 0.15 USD calls
A
A
A
C
E
E
E
E
E
G
N
U
U
Reuters - 2 weeks ago

If Swiss franc is too positive, SNB may go negative

BUZZ-COMMENT-If Swiss franc is too positive, SNB may go negative Oct 2 (Reuters) - The probability of the Swiss National Bank cutting interest rates below zero next year will increase if EUR/CHF slides through 0.9200 for the first time since the "Frankenshock" of January 2015. A stronger franc could exert further downward pressure on Swiss consumer price inflation, which slowed to 1.1% year-on-year in August and is forecast to remain at that level when September's print is revealed on Thursday a
C
E
Reuters - 2 weeks ago

FX options wrap - Fear gauges swing toward USD gains

BUZZ-FX options wrap - Fear gauges swing toward USD gains FX volatility measures are trading higher amid the latest USD recovery and remain alert for additional gains. Implied volatility was already higher to recognise the increased realised volatility risk from Friday's impending U.S. jobs data , with Tuesday's USD gains adding to nerves and prompting additional demand.
A
A
A
C
E
E
E
E
E
G
N
U
U
Reuters - 2 weeks ago

FX fear gauges show a greater risk of EUR/USD losses

BUZZ-COMMENT-FX fear gauges show a greater risk of EUR/USD losses Oct 1 (Reuters) - EUR/USD has been pinned to the 1.11's since trading at a new 13-month high above 1.1200 in late August, but the directional FX risk premium in FX option markets shows a greater risk of EUR/USD setbacks than of extended gains. Risk reversals are options that benefit from FX volatility in a particular direction and will consequently demand a volatility risk premium for related strikes.
C
E
E
E
E
Reuters - 3 weeks ago

FX options wrap: Volatility gains, value, EUR call, US election

REFILE-BUZZ-FX options wrap: Volatility gains, value, EUR call, US election Adds chart Sub 1-month expiry FX option implied volatility has reached new recent highs to reflect the impending FX risk from Fed speakers and U.S. data, which culminates with Friday's Non-Farm Payrolls (NFP) report. Implied volatility setbacks are likely to remain limited ahead of the NFP, with benchmark 1-month options soon to reflect the perceived U.S.
A
A
A
C
E
E
E
E
E
G
N
U
U
Reuters - 3 weeks ago

FX options wrap - JPY reversal, NFP risk, EUR struggle, GBP put

BUZZ-FX options wrap - JPY reversal, NFP risk, EUR struggle, GBP put The JPY reversed higher after Sanae Takaichi, a less BoJ-friendly LDP leadership and future PM contender, lost the election to Shigeru Ishiba, who is now set to become Japan's next Prime Minister. USD/JPY and its implied volatility fell on the JPY relief rally as topside hedges were pared.
A
A
A
C
E
E
E
E
E
G
N
U
U
Reuters - 3 weeks ago

Larger FX option strike expiries for the week ahead

BUZZ-COMMENT-Larger FX option strike expiries for the week ahead Sept 27 (Reuters) - The cash hedging of soon-to-expire FX option strikes can have a magnetic effect on FX price action, adding to nearby support/resistance, and there are plenty on Friday and for the week ahead. The biggest EUR/USD strikes are on Monday at 1.1200 on 1.2 billion euros, Tuesday at 1.1080-85 on 1.6 billion euros and 1.1100 on 1.4 billion euros and Wednesday at 1.1025 on 2.2 billion euros, 1.1100 on 1.4 billion euros,
A
A
C
C
E
E
E
E
E
G
G
N
U
Reuters - 3 weeks ago

FX options wrap - EUR topside, U.S. PCE risk, LDP JPY warning

BUZZ-FX options wrap - EUR topside, U.S. PCE risk, LDP JPY warning Sept 26 (Reuters) - There was no significant change to option implied volatility on Thursday, which remains just above levels seen at the start of the week. Overnight CHF-related implied volatility highlighted the uncertainty surrounding Thursday's SNB policy announcement , but a lesser 25bps cut helped to limit the FX reaction.
A
A
A
C
E
E
E
E
E
G
N
U
U

Conditions

Popular Assets

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.