FX option expiries for 5 May 10am New York cut ...Middle East

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FX option expiries for 5 May 10am New York cut

There are just a few to take note of on the day, as highlighted in bold.

They are for EUR/USD at the 1.1300 and 1.1400 levels, with price action sitting right in between the expiries at the moment. They are notable but not likely to offer much impact though, as they don't tie in to any technical significance. The ones at 1.1300 might help to limit downside price action while upside is more contained by the key hourly moving averages at 1.1340-53 currently.

    However, risk flows and dollar sentiment will continue to outweigh any impact from the expiries still. For today, the dollar is weak with the risk mood leaning towards the softer side. S&P 500 futures are down 0.7% and that's seeing the dollar down across the board as well. So, those are the more important things to note.

    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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