Euro Futures Options Idea (18 Jan 2024)

43 sec read

[ Euro Futures Options Idea ] ‣ As traders pare back their US interest rate cut expectations, the Euro/USD futures (/6E) sunk to the bottom of its three-month-old price channel. The scenario described in last week’s post has now unfolded completely: ‣ The /6E could hold support around 1.090 in the near-term, possibly bouncing back up to 1.100. However, /6E will likely remain rangebound between 1.070 and 1.115 over the coming weeks. ‣ The /6E’s steep fall has resulted in elevated volatility in the past two trading sessions, offering an opportunity to implement a short strangle strategy on the options of…...

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Desmond Chew Desmond is an established Financial Services professional, having garnered more than 20 years of experience and expertise with eminent financial institutions such as Standard Chartered Bank, OCBC and CIMB. Known for his global perspectives, he has spent time based both in Singapore and China. Desmond’s area of specialisation is in corporate financing, primarily working capital and project financing for corporates. Through stints in Corporate Banking and Private Equity, he has been able to provide comprehensive solutioning services, combining perspectives both from debt and equity financing. Instilled with a balanced appreciation of risk and return, Desmond has not only helped many companies with their financing requirements but also provided much value-add through advice on treasury and capital management solutions. An avid market watcher, Desmond has a keen interest in investing, employing strategies particularly of a contrarian bent. This has enabled him to offer much sought after, alternative views for his clients, leading to better overall business decisioning.