FX option expiries for 5 August 10am New York cut
There is arguably just one to take note of on the day, as highlighted in bold below.
That being for EUR/USD at the 1.1500 level. The expiries don't tie much to any technical significance but they rest just below the 100-hour moving average of 1.1512 for now. The currency pair has been keeping above the figure level through the week, with buyers showing some poise as the dollar remains in limbo following the USD/JPY joint intervention.
The expiries above could play a part in keeping any downside price extension more limited, alongside the key near-term level above. To the topside, the 100-day moving average at 1.1562 will continue to limit gains as well; all else being equal.
The stage is being set for a more pensive mood among major currencies before we get to the US non-farm payrolls on Friday.
That being said, do keep a watchful eye on the overall risk mood. US stocks had a breakout day yesterday as everyone piled back in on the AI trade and things are looking like they could run again.
In that lieu, that could keep dollar sentiment more muted alongside hopeful optimism from the US-Iran conflict for the time being as well. The dollar hasn't quite been all too influenced by risk proceedings as of late but is still a factor to keep in mind just in case broader markets do pick back up on the trend.
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
FX初心者には必須 無料のうちにGET！
