EUROPEAN SESSION: PRDERS AND OPTIONS WATCH

 

EUR: The single currency recovered in European morning, offers at 1.3490 were filled, however, sell orders are still noted at 1.3500, 1.3520-25 (some stops above) and 1.3550, more sell orders are reported at 1.3570-80 as well as 1.3600 (stops placed above this barrier), more selling interest is tipped at 1.3620-1.3625, 1.3650-60, 1.3680 as well as 1.3700. On the downside, bids are seen from 1.3460 down to 1.3440 (stops below), more buy orders are reported in the region of 1.3400-20, mixture of bids and stops is located at 1.3380-85. Option expires today include: 1.3350, 1.3370, 1.3400, 1.3450, 1.3500 and 1.3550.
GBP: The British pound remained confined within narrow range after finding support at 1.5955 yesterday and offers at 1.6000 were filled, however, sell orders are still noted at 1.6040 and in good size at 1.6070-80, more selling interest is tipped at 1.6100 with stops placed above 1.6105, fresh offers should emerge around 1.6130 and 1.6150, followed by mixture of offers and stops at 1.6160-70, more sell orders at 1.6180 and 1.6200. On the downside, bids are tipped at 1.5980 (stops below), more buy orders from Middle East names are still noted at 1.5950-55, 1.5920 as well as 1.5900. Option expires today include: 1.5950 and 1.6080.
CHF: The greenback faltered just below indicated offers at 0.9140-50 and has retreated, sell orders are still noted there, 0.9175-80 and also in good size at 0.9200, mixture of offers and stops is seen at 0.9220-30 but sizeable stops only emerging above 0.9250 and 0.9280. On the downside, bids in good size are still seen at 0.9080, more buy orders are reported around 0.9060-65 and 0.9050 (option barrier) with more stops tipped below latter level, followed by fresh demand at 0.9020 and 0.9000. A large 0.9100 option strike will expire today.
JPY: Dollar continued to move lower, stops below 98.50 were tripped, however, more buy orders in good size are tipped at 98.20-30 as well as 98.00 (stops below) with combination of bids and stops remains at 97.75-85, followed by sizeable bids at 97.50. On the upside, offers are lowered to 98.80, 99.00 and also in good size at 99.20-30 as well as 99.50-60, more selling interest is tipped from 99.80 up to 100.00 (stops above figure), sell orders are still noted from 100.20 all the way up to 100.50 and further out at 100.80. Option expires today include: 97.50, 97.70, 98.00, 98.50, 98.80, 98.8, 99.25 and 100.00.