The following is a list of JP Morgan's current open technical FX trades as of September 04, 2013.
- Long 2 units USD/JPY from 97.76 avg., target 101.50, stop at 97.85.
- Short 1 unit EUR/RUB from 43.822, add at 44.65, targets 40.00 & 37.20, stop at 45.60.
- Long 2 units USD/CAD from 1.0411 avg., target 1.0850, stop at 1.0430.
- Long 2 units USD/NOK from 5.6000 avg., target 7.500, stop at 5.8700.
- Long 1 unit CAD/JPY from 82.22, target 103.50, stop at 91.15.
- Long 2 units USD/JPY from 97.76 avg., target 101.50, stop at 97.85.
- Short 1 unit EUR/RUB from 43.822, add at 44.65, targets 40.00 & 37.20, stop at 45.60.
- Long 2 units USD/CAD from 1.0411 avg., target 1.0850, stop at 1.0430.
- Long 2 units USD/NOK from 5.6000 avg., target 7.500, stop at 5.8700.
- Long 1 unit CAD/JPY from 82.22, target 103.50, stop at 91.15.
Citibank is positioning ahead of the FOMC meeting on Sep 17-18 via adding a long USD/CHF trade to its portfolio via options.
"We buy a 2-week (September 18) 0.9450/0.9659/1.0050 USDCHF call fly in 1x1.5x0.5 notional for a cost of 0.3050%USD and spot reference (0.9365)," Citi clarifies.
"We allocate a 2%VaR risk weight to the position," Citi adds.
"We buy a 2-week (September 18) 0.9450/0.9659/1.0050 USDCHF call fly in 1x1.5x0.5 notional for a cost of 0.3050%USD and spot reference (0.9365)," Citi clarifies.
"We allocate a 2%VaR risk weight to the position," Citi adds.
regards,
oscarjp
The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects oscarjp-chrimatistikos current judgment and may change without notice. Users acknowledge and agree to the fact that, by its very nature, any investment in shares, stock options and similar and assimilated products is characterised by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.
The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects oscarjp-chrimatistikos current judgment and may change without notice. Users acknowledge and agree to the fact that, by its very nature, any investment in shares, stock options and similar and assimilated products is characterised by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.
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