FX option expiries for 28 August 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 sit around the confluence of the key hourly moving averages, seen at 1.1652-60 currently. As such, it might offer a bit of a pull in keeping price action more sticky before we get to the main event later today.
All eyes are on Fed chair Warsh's keynote speech in Jackson Hole. And until we get to that, traders might lack any real conviction to go running in the sesion ahead.
There will be French and Spanish CPI data for August to contend with. But with traders already well expecting the ECB to move in September (~95% odds), even hotter data there will do little to bring the euro to life.
To the downside, the 200-day moving average at 1.1630 will help to put a floor on things for EUR/USD in European morning trade at least. After which, all bets are off ahead of the weekend with the reaction to Warsh's speech being what will take over trading sentiment.
Then, there is one for USD/CHF at the 0.8000 level. The expiries here don't tie to any technical significance, so they aren't likely to factor much into play - if at all. USD/CHF price action is likely to also keep more muted as traders gear up to Fed chair Warsh's appearance in Jackson Hole. So, I wouldn't expect much of any pull from the expiries here to influence price movements today.
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
