FX Options Market Update: June 19, 2018
Saxo Bank head of FX trading Dan Juhl-Larsen's latest report on the FX Options space is now live, with analysis of SEK, the upcoming Swedish election, the ECB, and more.
Click here to download your copy.
FX Breakout Monitor: USDJPY puts on a fireworks show
The standout development on today was a hefty weakening move in the Japanese yen as USDJPY leaped suddenly to new highs for the cycle while the general USD pictured showed little additional momentum. With this move, USDJPY is looking to close at a new 200-day high.
FX Breakout Monitor: XAU outpaces also strong GBP and JPY
While sterling and yen are very strong on the day and the smaller G10 and EM currencies are on the defensive on an episode of weak risk sentiment and safe haven seeking in bonds, gold is quietly poking toward a breakout versus a strong US dollar and has etched new all-time highs today against a number of other major currencies.
FX Breakout Monitor: EUR breaking lower nearly everywhere
The euro is suffering broad weakness and we have now seen downside breaks in the majority if the EUR pairs we track. Elsewhere, the US dollar is refusing to throw off any determined broader signal here after teasing higher recently nearly across the board while sterling is stirring in the wake of a Boris Johnson cabinet shuffle today.
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