Market news

4 May 2016

Options levels on wednesday, May 4, 2016:

EUR / USD

Resistance levels (open interest**, contracts)

$1.1589 (3813)

$1.1563 (5804)

$1.1532 (4804)

Price at time of writing this review: $1.1495

Support levels (open interest**, contracts):

$1.1457 (1494)

$1.1426 (1268)

$1.1388 (3419)


Comments:

- Overall open interest on the CALL options with the expiration date May, 6 is 43190 contracts, with the maximum number of contracts with strike price $1,1500 (5804);

- Overall open interest on the PUT options with the expiration date May, 6 is 63254 contracts, with the maximum number of contracts with strike price $1,1000 (10024);

- The ratio of PUT/CALL was 1.46 versus 1.44 from the previous trading day according to data from May, 3


GBP/USD

Resistance levels (open interest**, contracts)

$1.4801 (1391)

$1.4702 (1053)

$1.4605 (1296)

Price at time of writing this review: $1.4555

Support levels (open interest**, contracts):

$1.4495 (1059)

$1.4398 (1699)

$1.4299 (1071)


Comments:

- Overall open interest on the CALL options with the expiration date May, 6 is 24455 contracts, with the maximum number of contracts with strike price $1,4500 (2084);

- Overall open interest on the PUT options with the expiration date May, 6 is 36383 contracts, with the maximum number of contracts with strike price $1,3850 (4025);

- The ratio of PUT/CALL was 1.49 versus 1.44 from the previous trading day according to data from May, 3


* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

** - Open interest takes into account the total number of option contracts that are open at the moment.

Market Focus
  • ECB's Weidmann says first ECB rate hike could follow the end of QE more closely than in the U.S
  • Industrial producer prices rose by 0.1% in the euro area (EA19) and by 0.2% in the EU28
  • European Commission forecasts Euro Zone inflation will accelerate to 1.6 pct y/y in 2019 from 1.5 pct y/y seen in 2018
  • UK service providers signalled a modest rebound in business activity - Markit

All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.

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