Video

#SaxoStrats
Today's edition of the Saxo Morning Call features the SaxoStrats team discussing the continuing weakness of the US dollar as commodity prices recover ground and in the wake of key US equity indices hitting all-time highs Thursday.
Squawk / 14 December 2018 at 20:06 GMT
FX options trader / Saxo Bank
Denmark
FX Options weekly roundup:

EUR. Vols in the frontend of the curve saw a bigger correction lower as UK parliamentary vote on the Brexit deal got postponed to after Christmas period and PM May also survived the confidence vote. ECB came out uneventful as well. Vols first found bids again Friday after EURUSD fell down below 1.1300 on poor German and French PMI data. On the week 1Month EURUSD traded from 7.15% Monday down to 6.3% Thursday and then ended 6.4% on Friday. In the upcoming week we have the FOMC meeting, which is the last key event this year and with the 25bps rate hike not a sure thing, 72% priced in, it can turn out quite volatile. Forward o/n vol for 20.Dec covering the FOMC is at 14vol. For comparison this week’s ECB meeting was priced at 13.0vol.

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