FX option expiries for 14 August 10am New York cut ...Middle East

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FX option expiries for 14 August 10am New York cut

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

The standout are the ones for EUR/USD with extremely large expiries layered especially near and at the 1.1700 level. That is likely to act as a magnet once again, in keeping price action in a stickier spot before we get to the US PPI and weekly initial jobless claims later today. There are also some notable ones at 1.1715 and 1.1750 to keep price action in check and more rangebound as well for the session ahead.

    Then, there is one for GBP/USD at the 1.3600 level. That should help to keep a lid on price action as well alongside the 23-24 July highs around 1.3584-88 currently. That said, the near-term bias holds more bullish for the pair with the dollar staying in a weaker spot this week.

    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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