FX option expiries for 21 August 10am New York cut
There is only one set of expiries to take note of on the day, as highlighted in bold below.
That being for EUR/USD at the 1.1685 level. The expiries don’t tie to any technical significance, so it may not factor all too much into play in dictating price action.
The dollar remains in a vulnerable spot since Wednesday, with EUR/USD extending the technical break from then. Here is a better capture of the technical situation with price looking for a run above 1.1700 next: EUR/USD extends gains to fresh three-month highs after yesterday’s break
As mentioned then, “the technical scope dictates that there is room for the upside to extend towards 1.1800 next" but it would “need to see the bond market continue to play ball for the dollar to weaken much further".
For now, there are some mixed motions in markets with the dollar keeping on the softer side and the technical break siding with a further upsid run for EUR/USD. However, the bond market isn’t quite reflecting too much relief with 10-year and 30-year Treasury yields climbing back up already.
So, that could still come back to bite at the negative dollar sentiment that is prevailing currently.
But besides that, there isn’t much else to take note of for the session ahead. It all continues to ride on the broader dollar and market mood as traders are continuing to digest the US Treasury move.
For more information on how to use this data, you may refer to this post here.
I’ll be off on a break for a few days, so I’ll catch back up on the expiries list in the second half of next week. But rest assured, Giuseppe and/or Eamonn will have you guys covered in my absence. 😉
This article was written by Justin Low at investinglive.com.