There are a couple to take note of on the day, as highlighted in bold below.
They are for EUR/USD layered in between the 1.1550 to 1.1600 levels. The dollar was dealt a blow after the US jobs report last week, with massive downward revisions to payrolls and Trump's firing of the BLS chief giving reasons for traders to dump the greenback. Fed funds futures also shifted to price in a September rate cut, compounding the dollar's woes.
That sees EUR/USD now put back in between its key hourly moving averages of around 1.1497 to 1.1610. That's a lot of room to maneuver but the expiries above could help to limit that, at least for European trading today. The more relevant one is likely to be the one closer to 1.1600 but overall, the expiries could keep price action more limited before Wall Street enters the fray.
For more information on how to use this data, you may refer to this post here.
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This article was written by Justin Low at investinglive.com.Hence then, the article about fx option expiries for 4 august 10am new york cut was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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