FX option expiries for 29 July 10am New York cut ...Middle East

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FX option expiries for 29 July 10am New York cut

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

The first one is for EUR/USD at the 1.1600 level. The pair fell hard yesterday, posting its biggest one-day drop since May as euro traders reacted negatively to the US-EU trade deal. That said, the drop also comes amid a broader bid in the dollar and that's still setting the tone for today. As such, the expiries above might just be what puts a cap on price action during the session ahead with the near-term bias being more bearish now.

    Then, there is one for USD/JPY at the 148.00 level. Similar to yesterday, it doesn't tie to any technical significance so I wouldn't look too much into the expiries here to be playing a major role on price action.

    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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