Trading Account

Trading Account

Monthly Trading Results

Monthly Trading Results

Thursday, July 30, 2009

Interesting morning action

The EURCHF just gapped up 8 pips at the start of the London Session (3am EST/7am GMT). This is not a regular occurrence, actually it is fairly rare in my opinion. 8 pips isn't significant and it will probably close right away but still very interesting. Also, here is a list of today's expiring options on a few currencies. Please notice the Euro-dollar and Euro-Swiss, these could play a roll in today's price action depending on where the pairs are coming up to the cut. I'll discourse on options more later.

FX OPTIONS: Expiries of note for today`s 1400GMT/1000EDT cut

* Euro-dollar; $1.4085(lge) $1.4100 $1.4000 $1.4300

* Dollar-yen; Y95.35 Y94.70/80 Y94.00 Y96.00

* Euro-yen; Y134.00 Y135.00

* Cable; $1.6500

* Euro-Swiss; Chf1.5350

* Aussie; $0.8200 $0.8175

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