FX option expiries for 9 May 10am New York cut ...Middle East

The first one is for EUR/USD at the 1.1200 mark. Amid a firmer dollar, the expiries here could help to act as a bit of a floor for price action before we get to US trading. That is considering the likely quieter period in European trading.

However, dollar and broader risk sentiment remains the bigger driver at the moment. So if we do see risk pick up, expect that to underpin the greenback as well with the expiries taking a backseat.

For more information on how to use this data, you may refer to this post here.

This article was written by Justin Low at www.forexlive.com.

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