FX Options Update: November 8, 2018
Saxo Bank's latest report on the FX Options space is now live, with a look at at EURPLN vols, how Mexican politics are impacting USDMXN, and more.
Head of Commodity Strategy
Summary: The dollar rally that continued through to the middle of last week saw some light USD buying while the Mexican peso's sharp sell-off saw money managers reduce their MXN positions in the week to October 30.
Saxo Bank publishes two weekly Commitment of Traders reports (COT) covering leveraged fund positions in commodities, bonds and stock index futures. For IMM currency futures and the VIX, we use the broader measure called non-commercial.
To download your copy of the Commitment of Traders: Forex report for the week ending October 30, click here.
To download your copy of the Commitment of Traders: Financials report for the week ending October 30, click here.
The dollar rally that continued through to Wednesday last week helped trigger some light dollar buying against six of the nine IMM currency futures contracts tracked in this report. The gross dollar long rose by $1.2 billion and remained close to a two-year high.
In equities, speculators turned very slightly long VIX futures for the first time in six month while buying into the dip helped trigger a 31% reduction in the S&P net-short.