FX option expiries for 9 June 10am New York cut
There are just a couple of expiries to take note of on the day, as highlighted in bold below.
The first being for EUR/USD at the 1.1570 level. The expiries don't tie to any technical significance but could act as a bit of a ceiling for price action, in the event we do get any price extensions in European morning trade later. The 100-hour moving average lurks nearby at 1.1580, so that's an additional layer to limit upside price movements especially with the prevailing market mood.
Dollar sentiment and the overall risk mood remain the two bigger influences to drive price action still. As such, headline risks remain paramount at this stage.
So barring any major changes to US-Iran developments, we should see major currencies stick to a more tepid and tentative tone in the session ahead.
Then, there is one for AUD/USD at the 0.7050 level. Similarly, the expiries here don't tie to any technical significance whatsoever. As such, the weight of the expiries may not be too influential in dictating price action.
AUD/USD fell back below its 100-day moving average on Friday and the key level seen at 0.7075 remains the more pertinent technical ceiling for now. That as price action holds between that and stronger bids near the psychological level of 0.7000.
The expiries above could act as a bit of a pull but I wouldn't attach too much importance to it. As mentioned, the two biggest drivers of price action remain dollar sentiment and the overall risk mood for now.
For more information on how to use this data, you may refer to this post here.
This article was written by Justin Low at investinglive.com.提供 MainLink:Investinglive RSS Breaking News Feed
