FXB
Invesco CurrencyShares® British Pound Sterling Trust
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Shorting GBP->USD by buying puts on FXB. Thoughts?
I’m betting against GBP to USD by buying puts on FXB. Thoughts?
Mentions
Look at the Invesco Currency Shares etfs, usually "FX*x*" for each currency. They hold short term government bonds denominated in the currency you're targeting. By buying a bond you're essentially buying a promise from someone else to pay you back *in that other currency* in the future, so if the dollar falls between now and then, you see the currency benefit. FXE= Euro Bonds FXC = Canadian FXA = Australian FXB = Pounds Sterling FXF = Swiss Francs FXY = Yen etc.
I have FXF, FXE, FXB, FXA, and FXJ. They’ve all done well except FXJ. I recently added FXA, as Australia seems to be a bit more insulated from global chaos right now.
Pure currency plays: Euro: EXY Japanese yen: EXY British pound: FXB Australia dollar: FXA Canadian dollar:FXC Swiss franc FXF OR buy non usd stocks
FXF, FXA, FXB, FXE. Plus precious metals, plus ex-US funds
I have quite a bit in FXF, FXB, and FXA.
FXE for euro FXF for Swiss Franc FXB for UK pound sterling FXC for the Canadian maple back FXY for Japanese yen
I manage two portfolios for my personal money. One is a 60/40 portfolio but instead of bonds I swing trade currencies using ETFs. You could just hold one if those ETFs (or a combination of them) in a brokerage acct and earn the dividends while they track their designated currency pair. CADUSD is FXC and EURUSD is FXE. There’s also FXB, FXY, FXA, and FXF.
I'm not going to lie, I sold all of my GLD today. Having invested through the first gold bubble, I rode this one until I started seeing reguards using copper as a proxy play, and now that SLV broke out, I'm getting out while the getting is good. It was free money for a good while, but fool me twice.... can't be fooled again. I'm long FXB, FXE, and FXY (brit monie, europoor money, and some asian money probs rice) as my play against the dollar. I think that will capture the devaluation of the dollar against other major currencies just fine, and far safer than yellow rock.
I have just recently been researching this and here is where I am starting to look into. For a pure currency play, currency ETFs like FXE, FXB, FXY, or CEW (multi-currency strategy). For both equity growth and currency exposure, ETFs like VEA, VWO, IEFA, or IEMG. I haven't gotten too far into research on these individually, but that is my plan for this weekend and create a port strategy.
Eh.... So you have a few choices when it comes to currencies. You can go FXB, FXE, FXA, FXC, FXY, etc. Or you can go with the corresponding future, /6B, /6E, /6A, /6C, /6J. The futures options are much more liquid than the ETF equivalent.
The Invesco currency ETFs for several currencies also earn some interest: FXE (Euros), FXA (Australia), FXB (UK), FXC (Canada). The FXF (Francs) and FXY (Yen) do not. The collection of these (UDN) all together does earn some interest.
Startlng to me - FXB is on my watch list and it shot up almost 6 percent in after hours trading, 5.95 percent
FXE (Euro): +6.47% FXY (Japanese Yen): +6.07% FXF (Swiss Franc): +9.27% FXB (British Pound): +3.57
What bond tickers do you recommend here? In the case of FXE and FXB, they already provide interest which helps but getting more interest than those or even interest on Gold Yen and Francs would be great.
FXE is the etf for Euros. FXF is the etf for swiss francs. FXY is the etf for the japanese yen. FXB is the ETF for for british pounds. There is also always GLD as the main etf for gold futures. UDN is there if you want to short the dollar.
I have ETFs such as FXE, FXY, and FXB. There's fintech apps like wise and revolut work a bit like venmo with the added feature to do currency exchanges. I'm new to those apps but my understanding is that it's not really meant to hold large sums for a long period of time. But I did some exchanges for trips I have planned. I would very much like to get a foreign bank account. From what I understand as an American you do suddenly feel a lot less free when you have the audacity to try and be a customer of a non-american bank but it's something worth looking at if you have a lot of cash.
Spreading a portion of my reserves among FXF, FXE, FXY, FXB, as well as gold. The first four above are ETFs tracking the Swiss Franc, Euro, Yen, and Great British Pound, respectively.
Here's a list of etfs that hold other currencies. Call options on these would accomplish what you're trying to do. FXE = Euro FXB = British pound FXF = Swiss franc FXY = Japanese Yen FXC = Canadian dollar FXA = Australian dollar GLD = Gold
Good time to put your dollars into other currencies. FXE = Euro FXB = British pound FXF = Swiss franc FXY = Japanese Yen FXC = Canadian dollar FXA = Australian dollar GLD = Gold
Yes. If you have a lot of cash in usd, you can buy currency etfs to hedge against dollar decline. FXE = Euro FXB = British pound FXF = Swiss franc FXY = Japanese Yen FXC = Canadian dollar FXA = Australian dollar GLD = Gold
I’m actually restricted from direct FX markets bc of my job (wealth management at a big firm) so I use currency ETFs to get exposure to the major global currencies against the dollar. FXF tracks the Franc/USD pair. UUP tracks DXY. The pairs against the dollar are FXE, FXB, FXY, FXA, FXF, and FXC.
I found this and I like the comment about hte FX[x] options. I threw most of my cash into FXY, FXB and FXE https://www.reddit.com/r/investing/comments/1juwjti/currency_efts_as_a_hedge_against_dollar/
Yep, as a hedge against the destruction of the republic, I've been buying FXF, FXE, FXY and little FXB over the past month, along with gold ETFs. Today was a good day for all! |[FXB](https://holdings.web.vanguard.com/holding-details/493024510090726?positionId=948063539121456)|INVESCO CURRENCYSHARES BRITISH POUND STERLING TRUST ETF|$124.62|\+$1.48|\+1.2%|| |:-|:-|:-|:-|:-|:-| |[FXE](https://holdings.web.vanguard.com/holding-details/493024510090726?positionId=216970558093001)|INVESCO CURRENCYSHARES EURO TRUST ETF|$103.47|\+$2.51|\+2.49%|| |[FXF](https://holdings.web.vanguard.com/holding-details/493024510090726?positionId=275069536093001)|INVESCO CURRENCYSHARES SWISS FRANC TRUST ETF|$107.66|\+$4.13|\+3.99%|| |[FXY](https://holdings.web.vanguard.com/holding-details/493024510090726?positionId=801102559093001)|INVESCO CURRENCYSHARES JAPANESE YEN TRUST ETF|$63.79|\+$1.43|\+2.29%|| |[GDX](https://holdings.web.vanguard.com/holding-details/493024510090726?positionId=321869541093017)|VANECK GOLD MINERS ETF|$47.17|\+$2.18|\+4.85%|| |[IAUM](https://holdings.web.vanguard.com/holding-details/493024510090726?positionId=161108535093005)|ISHARES GOLD TRUST MICRO ETF|$31.63|\+$0.79|\+2.56%|| |[SGOL](https://holdings.web.vanguard.com/holding-details/493024510090726?positionId=590592558093001)|ABRDN STANDARD PHYSICAL GOLD ETF|$30.26|\+$0.75|\+2.54%|
I have FXF, FXE (Euros), FXY (yen) and I just bought some FXB (British Pounds) today. They’re about the only thing stable in my portfolio right now other than CDs and treasuries, but they have the benefit of not being based on the USD. They also pay monthly dividends.
While Gold could indeed be a good investment in these times, it can also be volatile. What is important to me immediate needs are hedging directly for a GBP amount. I was able to find a fund that fit my needs (FXB). Thanks for your suggestion!
I was able to find a fun that directly tracks the exchange rate, FXB from Invesco. Thanks for your suggestion!
You could have a look at FXB (Invesco Currency Shares Sterling Trust). I don't really understand what they're doing, but my quick and very non-expert understanding is that they're converting dollars into sterling and investing the proceeds in short-term bonds. The Invesco site says it's "designed to track the price of the British pound sterling" and yields \~3.25%. [https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&ticker=FXB](https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&ticker=FXB)
For US investors, there are funds such as FXC (Canada dollar), FXE (Euro), FXB (GBP), etc. These used to pay an interest rate, but their dividends went away as interest rates fell, and I don't think any of them pays anything. (I haven't looked lately). If you're really confident of a short-term move, these might be appropriate. I agree that in general, equities are a better idea, although the US market is very overvalued in historical terms. (Markets can have historically weird valuations for a very long time).
It was FXB. Recommendation from the Situation Report which I have subsequently cancelled.
Thanks for the link. I guess the saying that a picture is worth a thousand words doesn’t apply here. I was hoping someone would recognize the recommendations and hopefully share some insights. They are from “The Situation Report” and it looks to me like they are all going to expire worthless. Puts on CARR, BBY, LOW FXB… all going the wrong way. A call on UUP - again going the wrong way. Currently they are recommending hold for all of them.
That's only one measure of conditions. https://i.imgur.com/FXB2Mci.png NFCI shows looser than avg.
FXB is a fund that provides GBP/USD exposure, in case that’s helpful. I’ve traded options for it before
I'm hoping for an up trend day so I can scalp some calls. Especially after getting cock-teased by massive gains on my EUO and FXB positions this morning
What the fuck. Some fed speaker had to open their mouth and tank DXY before i could trim my EUO and FXB positions at open
My EUO calls and FXB puts gonna pront today
Imho best to short the currency EUO, FXB
EUO calls and FXB puts
If we don't gap up past the 20 dma I think we dump all tomorrow. I already basically have puts with my EUO and FXB positions
Anyone getting FXB puts?
Well, not a good day for trading. Decided to buy some puts after we pumped about $1.5 from the lows then Russia decided to invite Shrek to play. Otherwise, a meh day for the longer term positions. Trimmed some more EUO calls and USO calls at open and let the remaining FXB sit. Looks like oil dumped with the Russia news, but I doubt it will last long. And most of all, the fun starts tomorrow. Gonna play some power hour 1dte strangles because PPI reports first this month. While only have 1 data point from the current market regime where PPI reported before CPI, I would presume that we'll see volatility and increasing IV going into close, similar to what is seen before CPI.
Super pumped for this week. Lots of good event-based plays (PPI, FOMC Notes, CPI, bank earnings) Unfortunately, tomorrow seems like the boring day. I'd guess we're red but not with enough conviction to put money on it. Hopefully, DXY will front run an expected hot CPI and I can cash out the rest of my FXB/EUO position before the main event.
EMB for emerging markets, I don't see a easy way to trade UK bonds in the US but EWU and FXB look like bear fodder.
EMERALD UPDATE: 160k to 175k This week was so fucking stupid and stressful, I lost a year of my life probably due to that 5% pump jesus. Most gains driven by SPX. Sold all my Oct puts when we got to 36 but, still got tons of Nov 350p. Also have FXB 100p March-2023, and EUO 36c Feb-2023 I trust what Vaz is saying and expect us to hit 340 imo by OPEX. Got 50% of port in cash to buy puts on any bounces that may happen early next week HAVE A GREAT FUCKING WEEEKEND- EMERALD OUT
Sold about a third of my USO call position this morning. Also have sell limits set for half of my EUO and FXB positions. If they don't fill, I'll sell near close at the best fill I can get
Another day big green day for me despite not doing any day trades. A new all time high in fact! My long term positions in Oil, EUO, and FXB kept printing today. The notional exposure to the Euro and Pound has ballooned to the equivalent of shorting $1.9 million in Euros and $2.5 million in pounds. Those feisty greeks, am I right? However, if we get a good job report tomorrow, I feel like that will boost the dollar enough to exit about half of both of those positions at a good profit. I don't want to get too greedy since currencies seem to be moving like shitcoins now, especially the pound.
u/emeraldream Prepare for FXB puts to print. Looks like it hasn't priced in the recent GBP dump yet
My XLE & EUO longs plus FXB shorts saving my ass rn with this mr.choppy
I got EUO and FXB, same expiry as you. Also got a batch of 10/21 105p FXB that I followed since I saw a ton of volume a few days ago...but that must have been selling
> EUO, and FXB I need mr.DXY up to 115 soon
Guh! Got stopped out of my 2nd round of power hour calls. That's what I get for being greedy. Luckily, with my trusty stop loss, I managed to still be profitable from day trades today by a whopping 0.35%. On the other hand, my long term positions in Oil, EUO, and FXB all printed today. So overall a good day though it was mostly erasing losses from yesterday. Other than that, I noticed that option flow for everything was very bearish, even as we were climbing. Usually it takes a while during a big bear rally for this to happen. I think this means that this rally is close to being done.
EUO Feb 36C FXB Mar 100P Go for it. I'm not superstitious lol
Loaded up on EUO calls (both morning and before close) and FXB puts today. I'm back in yolo territory with them now. Current notional exposure is equivalent to shorting about $1.5 million of each currency
/u/DarklyAdonic you also seeing mad FXB put volume on the Oct OPEX expiration?
EWU or FXB for shorting the pound.
Same here. I'm in these currency shorts for the long haul or until Fed pivot If you're playing FXB, it's currently trading 0.7% above NAV. Historically, it looks like it trades a bit off the Nav, with the direction of trading (above NAV after increases, below NAV after decreases). I bought some shorter dated puts too in hopes that we'll get a big red day soon that will push it to or below NAV
Emerald Update: From 163k to 160k. Down -3k, at one point was almost up to 190k Really day to end an amazing month, got chopped up with the opening rally, and then chopped again with drop and fall of 360. Got way too overleveraged this week a few times too. I think I got too confident and am letting my hubris control my trades. The good thing is I didnt be a dumbass and keep double or tripling down on my position. Going to take a week break, have some Nov 350p that I bought, along with EUO calls (march exp) and FXB puts (2023 expiration). Taking another 10k out of my acc, to hedge for my degeneracy. HAVE A GREAT WEEK AND CYALL in a week or so. Emerald out!
So, looking at FXB, it is up 0.64% today while the British pound is basically flat. So what gives? Well, it turns out FXB is trading above NAV. At close yesterday, it was 106.47 with a NAV of 106.06, which is up 0.4%. Now I'd estimate the NAV is closer to 0.8% below current market price. What does this mean? On the upcoming expiration, there are ITM puts (113 through 111) that seem to be trading below intrinsic value based on the NAV (not current market price). This isn't true arbitrage, but I like these odds, so I picked up a sizable chunk of 112p at 5.6 (estimated intrinsic of 6) and 113p at 6.5 (estimated intrinsic of 7) Of course, if the pound keeps skyrocketing I'll take a loss. If it doesn't, and the fund goes back to NAV, i should net some profits
Feb 36C for EUO and Mar 100P for FXB
No day trades for me. I was tempted to buy puts for sour hour but luckily I didn't. Just added to my FXB puts snd started buying EUO calls
FXB. Liquidity on options is garbage tho
If you want to bet on the pound recovering a good plan is to buy $FXB
Picked up some March FXB 100P @ 3.7. Gonna buy some more if GBP gets a big bounce
If you want to short the British pound, you could buy puts on FXB
Sort term, bad trade. Long term, it will recover. FXB is the British Pound ETF. I’m waiting for a better entry point…..
For those of you who want to take the "The pound will recover" position without getting into futures trading, `FXB` is an Invesco ETF that seeks to replicate the performance of the pound against the USD.
Theres forex ETFs like FXE and FXB. Much easier than getting your port approved for official forex trading with 10,000x leverage
If you want to short the British currency, you can buy puts on FXB
I used to trade currencies a lot in college. You can trade options on currency futures for direct exposure. I don't trade them much anymore, currencies are extremely tricky. The draw (for currency futures) is the leverage. Iron condors could work on anything moving sideways, provided it does what you expect it will. Just like any other trade. I personally think currencies are tough to trade and tend to move a ton (relatively speaking). The FX" line offers currency options, below are the primary ones that I trade. \-FXY: Yen \-FXB: British Pound \-FXE: Euro
Compiling a list of ETF alternatives for Futures contracts: ​ What stocks and ETFs can I use to trade instead of Futures contracts? This is what I have so far: Silver: PSLV instead of SLV Gold: Mining stocks. [SGOL](https://etfdb.com/etf/SGOL/) expense ratio is 0.17%. iShares has lowish ER options. Currencies: Using a basket of forex crosses doesn't work long term as the swap costs are too high. GBP = FXB ER is 0.4%. Know any more you can recommend. Livestock? Grains? Energies like NatGas and USOil? I need more research and I'm asking for your help.
Well there's EWW, which is Mexico generally. For currencies, the FX ETFs are my go to. FXB is the pound, FXE is the Euro, and FXF is the Swiss Frank. Fair disclosure, though, last time I blew up my account (the last month makes 2, lol) it was going short the Pound, so be wary, lol.
Soon, WSB founder on FXB. This is good, it should be interesting.
What's the most cost-efficient way to hedge against a decline in the USD/GBP rate? Most of my assets are currently in USD-denominated accounts but I will eventually move back to the UK. It seems plausible that the GBP could gain significantly against the dollar in the next five years (30%-40% doesn't seem impossible). I don't want to speculate on this, but I want to hedge against it, because it would represent a large loss to me on moving back to the UK. I looked at using options on FXB (GBP currency ETF) to hedge against this risk, but the losses to theta just seem horrible. I would currently pay between $3k and $4k for at-the-money options covering the value of my current assets, and those options expire in september. So if I held to expiry and rates didn't move, I could easily be paying $7k or $8k a year just to try to hedge against a decline in the value of my assets. There has to be a better way, right?