FX option expiries for 30 June 10am New York cut ...Middle East

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FX option expiries for 30 June 10am New York cut

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

The first ones being for EUR/USD at the 1.1700 and 1.1750 levels. The expiry levels don't tie in to any technical significance but they could very well play a role in terms of limiting price action as we look towards the month-end fix later in the day. Keep in mind that there are also large expiries sitting at the same levels tomorrow as well.

    Then, there is one for USD/JPY at the 143.85 level. That doesn't really tie to anything either but sits near last week's low at least. That could limit downside but I wouldn't look to the expiries here to have too much impact. Dollar sentiment will remain the bigger driver, especially with month-end in consideration too.

    And lastly, there is one for USD/CHF at the 0.8000 level. That is one that could act as a bit of a hold for price action but with the pair dribbling lower last week, the downside momentum remains more favourable. So, that will act as a counterweight to the expiries though we do have month-end to contend with as noted above.

    In summary, the expiries could play a minor role in European morning trade but as month-end approaches, dollar sentiment and related flows will take on more importance on a day like this.

    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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