Euro Dollar Bears Increase Options Exposure as EUR/USD Triangulates for Breakout

EUR/USD

EUR/USD

Euro dollar bears have been increasing their exposure to options, with some eyeing some protection to euro weakness in Q3. Last week, the Depository Trust & Clearing Corporation saw strongest demand in over two months, with put volumes gaining more attention with a 3:2 margin. The euro-dollar has been triangulating and appears poised for a breakout soon.

Potential trigger:

Everyone has their eye on the NFP report, but next week’s CPI report could be more impactful. Wall Street might become more confident after the July 12th inflation report that the Fed will be done after delivering one more rate hike.

Ed Moya

With more than 20 years’ trading experience, Ed Moya is a senior market analyst with OANDA, producing up-to-the-minute intermarket analysis, coverage of geopolitical events, central bank policies and market reaction to corporate news. His particular expertise lies across a wide range of asset classes including FX, commodities, fixed income, stocks and cryptocurrencies. Over the course of his career, Ed has worked with some of the leading forex brokerages, research teams and news departments on Wall Street including Global Forex Trading, FX Solutions and Trading Advantage. Most recently he worked with TradeTheNews.com, where he provided market analysis on economic data and corporate news. Based in New York, Ed is a regular guest on several major financial television networks including CNBC, Bloomberg TV, Yahoo! Finance Live, Fox Business and Sky TV. His views are trusted by the world’s most renowned global newswires including Reuters, Bloomberg and the Associated Press, and he is regularly quoted in leading publications such as MSN, MarketWatch, Forbes, Breitbart, The New York Times and The Wall Street Journal. Ed holds a BA in Economics from Rutgers University.

Topics

inflation eur/usd wall street demand CPI report rate hike q3 breakout trigger confidence bears weakness exposure NFP report euro dollar options protection Depository Trust & Clearing Corporation put volumes

Euro Dollar Bears Increase Options Exposure as EUR/USD Triangulates for Breakout

Table of contents

EUR/USD

Potential trigger:

Ed Moya

Topics

Read more