FX options wrap - USD path, RBNZ, U.S. election and Fed risks
FX option implied volatility is broadly heavy as the USD consolidates its recent recovery and leaves G10 FX spot within familiar ranges without any real break-out catalysts.
There has been an increase in FX volatility risk premium for USD call options as shown by near dated risk reversals in most of the major pairings, but those gains have since stalled.
Short-term volatility risks are apparent, however, with Wednesday's New Zealand policy decision boosting overnight expiry NZD/USD implied volatility from 12.0 to 19.0, second only to the 2024 highs at 23.0 achieved before the 14 August policy announcement.
Overnight expiry options will include Thursday's U.S. CPI from Wednesday so FX traders can gauge the degree of expected realised volatility it is expected to generate via any related implied volatility gains.
Benchmark 1-month option implied volatility trades new recent highs since its expiry included the U.S. election from late last week and flags the associated volatility risk from that event, with USD/MXN being the biggest gainer. The 1-month expiry also now includes the Nov. 7 U.S. policy announcement, to further underpin 1-month expiry option premiums.
USD/CNH options saw mild selling interest as spot holds recent ranges, but 1-month risk reversals have regained a small upside strike risk premium.
For more click on FXBUZ
USD/CNH 1-week and 1-month FXO implied volatility https://tmsnrt.rs/4eV3CNz
NZD/USD overnight expiry FXO implied volatility https://tmsnrt.rs/3TZpvU4
1-month expiry FXO implied volatility https://tmsnrt.rs/4dBVqkm
Richard Pace is a Reuters market analyst. The views expressed are his own, editing by Ed Osmond
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
