FX option expiries for 14 May 10am New York cut ...Middle East

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FX option expiries for 14 May 10am New York cut

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

The first one is for EUR/USD at the 1.1175 level. It's not one that holds any technical significance but could help to provide a floor for price action with the dollar coming back under pressure after the swing yesterday. Even though the strong buying momentum in equities continued, the greenback was left to suffer after the US CPI report.

    The expiries above may help to keep price action somewhat underpinned at least, with EUR/USD buyers now testing the 100-hour moving average near 1.1200 going into the session ahead.

    Then, there are ones for AUD/USD at the 0.6475 and 0.6500 levels. They don't hold much technical significance as well but the expiries could well act as magnetic poles in keeping price action more limited between the two levels in the session ahead.

    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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