There are just a couple to take note of on the day, as highlighted in bold below.
The first one is for EUR/USD at the 1.1910 level. The expiries are not ones to tie to any technical significance, so the impact might be a bit more limited. The dollar was weaker yesterday and we’re now seeing the currency pair nudge back above the 1.1900 mark. However, the expiries could keep a lid on any price extensions in European morning trade. That especially since the focus and attention in markets will turn towards a hectic 72 hours of key US economic data releases.
For some context:
So, that will be the bigger centre of interest for market players over the coming days. And in turn, the data will be of more impact to price action and market movements as such.
The other notable one on the expiries board is for AUD/USD at the 0.7100 level. Similarly, it’s not one that ties to any technical significance but there is seemingly a layer of offers lined up closer to the figure level. That stopped the upside push two weeks ago and also halted the momentum again in overnight trading yesterday.
That is keeping the upside momentum in the currency pair in check, with the expiries likely to add a secondary layer to limiting any gains in the session ahead. That again, until we get to US trading where the focus switches to the retail sales data for today.
For more information on how to use this data, you may refer to this post here.
Head on over to investingLive (formerly ForexLive) to get in on the know!
Leave a Reply