FX option expiries for 1 May 10am New York cut
It is Labour Day but there are still some expiries to take note of, as highlighted in bold.The first one is for EUR/USD at the 1.0650 level. While it isn't so much so a key level on the charts, it is one that could keep price action more sticky until we get to US trading at least.Then, there is the one for NZD/USD at 0.5940 which is rather large in size. However, spot price is quite some distance away from that so I wouldn't expect the expiries to make a splash in the session ahead. But the expiries do sit near the 100 and 200-hour moving averages of 0.5930-43 currently. So, if there is any sudden move higher in the pair, that could add another defensive layer in the near-term at least.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.
It is Labour Day but there are still some expiries to take note of, as highlighted in bold.
The first one is for EUR/USD at the 1.0650 level. While it isn't so much so a key level on the charts, it is one that could keep price action more sticky until we get to US trading at least.
Then, there is the one for NZD/USD at 0.5940 which is rather large in size. However, spot price is quite some distance away from that so I wouldn't expect the expiries to make a splash in the session ahead. But the expiries do sit near the 100 and 200-hour moving averages of 0.5930-43 currently. So, if there is any sudden move higher in the pair, that could add another defensive layer in the near-term at least.
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.
