Author: Mike Paterson
6

We know about the month-end demand for EURGBP and it may not be over yet

I've been banging on about the EURGBP month-end demand which the BUBA now spreads over a couple of days, the evidence of which we saw yesterday in the rally into 0.8670.

I also regularly highlight the correlation between EURGBP and GBPUSD and we're once again seeing that in play with the latter dipping into 1.2950 as EURGBP rallies again.

The ECB fix is at 12.15 GMT so keep an eye out. This latest EURGBP demand could be fore-running expected demand and that means we could see it running out of steam as longs sell into the fix or rally after.

Currently 0.8618 already running into sellers above 0.8620 again with cable finding demand  below 1.2950

My work is done here for the week. I hope it's helped make/save you a few pips along the way in what's been a fractious few days.

Still plenty more action to be seen before the day, month and quarter finally hang up their hats.

So as always, remember,


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Author: Mike Paterson
1

Option expiries for the 10 am NY cut today 30 Sept

Here's the notable expiries that the DTCC have listed for today 30 Sept 2016 - EURUSD: 1.1200 670m) 1.1220 (545m) - USDJPY:  ) 100.75 (250m)  102.00 (210m) Remember that these are "vanilla" options so still in play right up to expiry at 14.00 GMT on the day even if breached in the meantime, unlike barrier options.

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Author: Mike Paterson
1

AUDUSD orders 30 Sept

Currently 0.7614 after 0.7590 lows Offers: 0.7635 0.7665 0.7680 0.7700 0.7650  0.7720 (strong) 0.7750 Bids:   0.7565  0.7585

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Author: Mike Paterson

EURJPY orders 30 Sept

Currently 112.93 after finding support into 112.50 bids on yesterday's board Risk trades still the driver. Offers: 113.20 113.80 113.50 114.00   114.20 114.50 Bids:  112.25 111.85

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Author: Mike Paterson

EURGBP orders 30 Sept

Currently 0.8634 underpinned earlier around 0.8620 with month-end demand preventing further falls BUBA may have completed its interest so upside may be limited for the moment while euro supply prevails elsewhere.

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Author: Mike Paterson

USDJPY orders 30 Sept

Currently 100.88 finding some dip-demand again after its earlier losses The Asian sharp spike to 101.80 was a great sell opportunity again. Some offers back in now at 101.00 after the 100.70 bids held. 

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Author: Mike Paterson

GBPUSD orders 30 Sept

Currently 1.2963 off 1.2937 lows as EURGBP supply prevails I hope you sold into that ahead of the US GDP data yesterday. 1.3030 rally Demand between 1.2900-15 still notable.  Decent offers now at 1.2980 1.3000 and 1.3030 again.

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Author: Mike Paterson

EURUSD orders 30 Sept

Currently 1.1173 after stops triggered through 1.1200 Deutsche Bank concerns still playing out Offers: 1.1200     1.1225-30 1.1250 1.1280 (strong) 1.1300 (strong) 1.1320 1.1350 Bids:  

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Author: Mike Paterson

More from the order boards 29 September

Here's the latest on the other key pairs for today 29 Sept 2016 0.9712 still tightly bound USDCHF:  Offers: 0.9780 0.9830 0.9750 0.9800 Bids

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Author: Mike Paterson

EURJPY orders 29 Sept

Currently 113.97 being pulled around by OPEC-led risk trades Offers at 114.20 that were on the board yesterday have helped cap rallies so far. Offers: 

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Author: Mike Paterson

EURUSD orders 29 Sept

Currently 1.1224 seeing the usual cross-ccy flow containment Offers: 1.1235  1.1250 1.1280 (strong) 1.1300 (strong) 1.1320 1.1350 Bids:    

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Author: Mike Paterson

EURGBP orders 29 Sept

Currently 0.8617 after finding demand below 0.8600 Month-end buying will be in focus but offers into 0.8630 and 0.8650 again Offers: 0.8630 0.8685 0.8750

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Author: Mike Paterson
3

GBPUSD orders 29 Sept

Currently 1.3026 going nowhere in a hurry after its dip from 1.3059 Support into 1.3000. Offers:     1.3055-60 1.3080-85 1.3100 1.3120 1.3150 1.3180 1.3200 Bids:     1.3000 1.2935 

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Author: Mike Paterson

AUDUSD orders 29 Sept

Currently 0.7674 finding AUDJPY-related dip demand still Strong offers at 0.770 finally breached  but more in place at 0.7720 Offers: 0.7700  0.7720 (strong) 0.7750 0.7765 0.7800 (strong) Bids:   0.7630 0.7585 0.7565 

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Author: Mike Paterson

USDJPY orders 29 Sept

Currently 101.60 after finding support in the dip to 101.5 Enjoying OPEC-led support still as yen pairs remain underpinned Offers:  101.80 102.00 102.20 102.50 102.75-80 103.00 Bids:     101.50 100.80

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Author: Mike Paterson

Option expiries for the 10 am NY cut today 29 Sept

Here's the notable expiries that the DTCC have listed for today 29 Sept 2016 - EURUSD: 1.1190 (589m) 1.1250 (278m) 1.1350 (346m) - USDJPY:  100.00 (USD 786m) 102.00 (600m) Remember that these are "vanilla" options so still in play right up to expiry at 14.00 GMT on the day even if breached in the meantime, unlike barrier options.

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Author: Mike Paterson

More from the order boards 28 September

Here's the latest on the other key pairs for today 28 Sept 2016 0.9714 and the SNB will be keeping a close eye as euro finds itself under pressure USDCHF:  Offers: 0.9780 0.9830

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Author: Mike Paterson

AUDUSD orders 28 Sept

Currently 0.7675 seeing some two-way AUDJPY action Strong offers at 0.7700 still. Offers: 0.7685  0.7700 (strong) 0.7725-30 0.7750 0.7765 0.7800 (strong) Bids:   0.7630 0.7585 0.7565 

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Author: Mike Paterson

EURJPY orders 28 Sept

Currently 112.70 seeing some good two-way business in narrow range Offers:  113.30 113.85 113.00 113.50 114.00 114.20 114.50 Bids:   112.35 111.80

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Author: Mike Paterson

EURGBP orders 28 Sept

Currently 0.8601 from 0.8590 lows Dip demand again capping cable. Offers: 0.8625 0.8650 0.8685 0.8750 0.8700 0.8720-25 Bids:    0.8580

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Author: Mike Paterson

GBPUSD orders 28 Sept

Currently 1.3015 having capped at strong 1.3030 offers Support currently from EURGBP slide down through 0.8600 Offers:     1.3030 (strong. Stops if breached)  Bids:  1.3000 1.2935 

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Author: Mike Paterson

EURUSD orders 28 Sept

Currently 1.1187 after an early euro slide Bids nearby.Large in play. option expiries Offers: 1.1200 1.1250  1.1220-25 1.1280 (strong) 1.1300 (strong) Bids:   

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Author: Mike Paterson
1

USDJPY orders 28 Sept

Currently 100.72 with eyes on Yellen Offers still into 101.00 should provide good resistance in the meantime. Offers: 100.85 101.80 101.00 101.25-30 1 .50 Bids:   

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Author: Mike Paterson

Option expiries for the 10 am NY cut today 28 Sept

Here's the notable expiries that the DTCC have listed for today 28 Sept 2016 - URUSD: 1.1085-90 (EUR 630m) 1.1150 (571m)  - USDJPY:  99.50 (500m) 100.00 (830m) 100.80 (USD 480m) 101.50 (390m) EURUSD and USDCAD in play again also GBPUSD today.

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Author: Mike Paterson

Option expiries for the 10 am NY cut today 27 Sept

Here's the notable expiries that the DTCC have listed for today 27 Sept 2016 - EURUSD: 1.1300 (324m) 1.1310 (660m) 1.1335 (539m) - USDJPY:  99.80 (500m) 100.00 (582m) 100.30 (USD 360m) 101.00 (569m) (262m) 102.21 (360m) Congestion on EURUSD should continue to contain. Notable USDCAD expiries in play too.

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