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#SaxoStrats - EURUSD put spread

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April 14, 2015 #saxo strats, #saxostrats, bond, bond buying, bond market, bond markets, bond yields, bonds, bonds market, draghi, draghi ecb, draghi ecb comments, draghi options, draghi reaction, ecb, ecb action, ecb meeting, ecb news, ecb policies, ecb policy, ecb qe, ecb rate, ecb rate decision, eur, euro, euro area, euro dollar, euro zone, eurodollar, europe, european, european central bank, european union, eurozone, eurozone economy, eurusd, event, event risk, foreign exchange, forex, forex buying, forex market, forex markets, forex saxo bank, forex trading, forextrading, fx, fx crosses, fx forex, fx investing, fx market, fx markets, fx options, fx strategy, fx trade, fx trade idea, fx traders, fx trades, fx trading, fx volatility, put, put option, puts, qe, qe 2015, quantitative easing, quantitativeeasing, retail, retail industry, retail sales, retailers, retailsales, saxo, saxo bank, saxo tv, trading, tradingfloor.com, united states, united states of america, us, us dollar, us economy, usa, usd, usd index, volatile, volatile currencies, volatile market, volatile prices, volatility, volatility forex
Saxo's John Hardy notes that EURUSD is close to the bottom of the range around 1.05 as two key event risks are approaching. This Tuesday, it's the US retail sales report and on Wednesday the ECB meeting, both of which could move the Euro and the Dollar either way, notes John.

In this #SaxoStrats, he looks at buying a two-week (Apr 28) EURUSD 1.0450 put and selling a 1.03 put. John discusses this strategy and what the risk award could be.