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

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FX option expiries for 9 May 10am New York cut

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

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.

    Then, there is one for USD/JPY at the 145.00 level but it isn't one that ties to any technical significance. But the expiries could also keep a floor on price action, amid some extension of the range in play during the session ahead.

    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.

    All eyes today though will be on any follow up trade headlines ahead of US-China talks over the weekend. That overrides everything else before we look to close out the week.

    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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