Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
Citi Raises TSMC Price Target as AI Chip Demand Strengthens Growth Outlook 
State of emergency in Crimea as Ukraine focuses pressure on ‘jewel in Putin’s crown’ 
Goldman Sachs Flags 3 Key Risks Ahead of Europe’s Earnings Season 
Gold Pulls Back After Hitting $4,180 as Geopolitical Risk Sends Crude Higher 
Goldman AM Sees Strong Buyout Opportunities in Japan, South Korea and Australia 
Smartphones are helping filmmakers tell the stories the movie industry overlooks 
Vietnam’s population hit the 100 million milestone. Where’s it headed? 
Keep events to be triggered
- Poloz speech: Poloz of BoC is due to speak in chamber o commerce and hold a press conference through which the traders attempt to figure out any rate cut hints that was left unchanged.
- Wholesale sales MoM: This leading Canadian economic indicator is scheduled to be released tomorrow. It was printed at -0.4% in previous period, it is now estimated to be at 0.3%
On the verge of the above significant economic news, let's suppose we are buying At-The-Money calls of this pair as shown the figure.
Trade Analysis: The current NPV on ATM call option of this pair (100,000 units) seems expensive, when exchange rate of this pair was at 1.21851; the NPV was 600.67 whereas it was available at 687.22 (trading at prem.14.41%). Delta at this juncture was 50,583.40. So if one thinks to buy this contract at current levels which we say this could be expensive.
Hence, we think it would be better if we can devise cheaper trader ideas, alternatively spreads can be more conducive this circumstance.
