Forex Consulting

Add this to the FX option expiry list

I don’t know how I missed this one 1.2bn USD in USD/JPY at 114.00, and 1.13bn USD at 114.50 … expiry at 10am NY time today (Friday 03 November 2017) As always, please be sure to check back with Mike during the London time zone for updates and addtions Copyright 2015 Forexlive.com

Forex Consulting

Sterling on the slide as we wait on BOE MPC

GBP sellers prevailing with just over an hour to go 2 Nov As  I said in my the consensus seems to be a sell the rally on a rate hike scenario so a few getting early. GBPUSD down to 1.3217 as EURGBP takes out the 0.8800 offers to post 0.8811 Copyright 2015 Forexlive.com

Forex Consulting

UK Markit/CIPS construction PMI 50.8 vs 48.5 exp

UK Markit/CIPS construction PMI data now out 2 Nov – 48.1 prev – Marginal upturn in construction output, led by housing activity – Civil engineering and commercial building decline again in October Much better headline from this sector but not a great contributor to GDP and the subtext is less impressive moving fwd. Algos don’t…

Forex Consulting

US 10-year yields fall further away from 2.40%

US 10-year yields down 3 bps to 2.34% The drop puts the pair into a bit of a technical gray zone. There isn’t much support until below 2.30%. Looking through the details of the tax plan, it’s very difficult to interpret what it means for growth, while at the same time trying to figure out…