Yesterday the ECB agreed on raising the available emergency funds for Greece to $78 billion although some of its members were, and still are, against this action.
Today's speech is likely to affect the volatility of all related markets. Specifically in the FX market and EURUSD may see some fluctuations in either direction.
Currently EURUSD is around 1.1400, 100 pips above its rate from the beginning of the month and nearly 300 pips above its rate in the last week of January.
If you are currently long the currency and want to avoid being stopped out on a day like today you can limit your exposure through buying a weekly EURUSD Put option which expires tomorrow at 15:00 GMT.(MT4 symbol: P#EURUSDw+0)
Check out graph of the EURUSD Put, strike = 1.1408. Price of the Put on a 1 lot = $400
The purchase of this Put will protect your long EURUSD spot position if the EURUSD rate falls below the strike (1.1408).
The scenario chart shows the Put options payout at expiry (15:00 GMT tomorrow) over a range of market rates. Notice how the Put pays-out as EURUSD rate falls.
The vertical axis is the payout from the option and the horizontal axis is the EURUSD rate.
Source: ORE,com
 will announce their monetary policy stance; a review of the EU's financial situatio...){kind=link}
Posting Komentar