FX option expiries for 24 July 10am New York cut ...Middle East

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FX option expiries for 24 July 10am New York cut

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

The first ones are for EUR/USD at the 1.1760 and 1.1800 levels. They are sandwiching the current price action, so the expiries especially the ones closer to the figure level could well still lock upside momentum in place. The price bias in the pair is more bullish again, with the dollar holding softer as well, so that's keeping things underpinned.

    In the day ahead, euro area PMI data will be ones to watch but with it not impacting the ECB decision, there might be minimal reaction.

    Then, there is a large one for AUD/USD as well. That could yet keep price action more anchored closer to the 0.6600 mark before rolling off later today. But as things stand, a more buoyant risk mood should continue to keep AUD/USD bid as it breaks away from the recent highs around 0.6590-95. The expiries should help to reaffirm that unless risk sentiment falters during the session ahead.

    For more information on how to use this data, you may refer to this post here.

    Head on over to investingLive (formerly ForexLive) to get in on the know!

    This article was written by Justin Low at investinglive.com.

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