While euro options look biased towards the downside longer term, there was some buying of the calls for June on Wednesday, according to Matthew Schilling, a broker at RJO FUTURES in Chicago. "Traders are buying puts for the September options," he said. "I believe that currencies that are paired with the U.S. dollar are going to stay within defined ranges for the next few months until we get more confirmation on what the Fed plans to do this year."
To read the full article with Matthew's comments, please go to Reuters.com
Series 3 Licensed
Senior Commodities Broker
Matthew started his career trading his own account focusing on the currency markets. After graduating from Northern Illinois University he worked as a Market Strategist for MF Global. Matthew joined RJO Futures in February 2012..... Read More