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Saxo Traders: Opportunities in options
Now that the FOMC and German elections are over, Saxo Bank's traders say there is not "much more to price in". As a result, the options market is "back to the cheap side" which creates a number of buying opportunities.
They also said that EURUSD is trading on the "softer side" off the back of the latest PMI data from France and Germany.
Businesses in Germany, Europe's largest economy, expanded at a faster pace than last month and in France, the bloc's second biggest economy, activity increased for the first time in 19 months.
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01:24 minutes
Tags: angela merkel, british pount, currencies, euro, europa, eurozone, fomc, fx, gbp, german, german election, german elections, markets, merkel, options markets, saxo bank, saxo traders, saxo tv, sterling, tradingfloor.com, uk, uk economy, volatility