FX option expiries for 19 May 10am New York cut
There are a couple of expiries to take note of on the day, as highlighted in bold below.
The first being for EUR/USD at the 1.1650 level. The expiries don’t tie to any technical significance but are quite chunky, so they might have some impact on price action in the session ahead.
The dollar is keeping firmer today as the risk mood is leaning back towards being more cautious. So, that remains the bigger driver of price action. But all else being equal, we could see the expiries at 1.1650 keep a lid on price movement in European trading. That until we get to US trading later in the day, provided that there are no headline surprises.
The US-Iran conflict continues to be the biggest driver of the overall market mood for the time being.
Then, there is one for USD/CAD at the 1.3710 level. Again, the expiries don’t tie to much technical significance for the currency pair. As such, I would expect the impact to be rather minimal if not non-existent as we look to the session ahead. That especially as dollar sentiment continues to be the more important driver, being more closely tied to the risk mood.
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.