FX option expiries for 17 September 10am New York cut


There are a couple of key expiry levels to take note of on the day, as highlighted in bold below.

There are a couple of major ones for EUR/USD, that being at the 1.1430, 1.1450, and 1.1500 levels. They are all sitting within close proximity to the current spot price, making their potential influence more pertinent than the others.

The strikes at 1.1430 and 1.1450 do not tie to any technical significance, but could still contribute to more sticky two-way price action heading into the expiry window. If anything else, they may act as floor levels for any downside price extensions in the session ahead. The ones at 1.1450 will be the first layer before the ones at 1.1430 step in.

The dollar has moved higher since overnight trading amid a more hawkish Fed reaction. And any follow through of that today will put EUR/USD price action closer to the expiry levels and allow them to factor into play.

The expiries at 1.1500 are much larger in size and is a standout, so that might help to limit any pullbacks or retracement price action in the session ahead at least.

Then, there is one for USD/JPY at the 156.00 level. It is both large and close to the spot price, so it offers much interest on the expiries board. If anything, it can act as more of a magnet in keeping price action more closely centered around the figure level closer to the cutoff.

For now, the dollar is not extending gains from yesterday and that is keeping USD/JPY price action in check as well. But barring any major pullbacks, the expiries here may yet be something that could influence price action for the session ahead.

Besides that, there aren’t any other major expiries worth noting for the day.

As mentioned above, dollar sentiment and the post-Fed reaction follow through are still the two key drivers in markets at the moment. And that should also carry some weight in influencing the dollar as well as major currencies in the day ahead, not just the expiries alone.

For more information on how to use this data, you may refer to this post here and/or refer to the Q&A below.



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