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 1.1600 and 1.1650 levels. The pair dribbled lower yesterday amid a firmer dollar but the expiries today could help to keep price action more limited in European trading. That especially with a lack of major catalysts to work with. Overall risk sentiment will still be one to watch but the pair might be more rangebound in between the above levels until the Fed minutes release.
Then, there is one for GBP/USD at the 1.3500 level. That rests near the 200-hour moving average of 1.3504 and could come into play as we look towards the UK CPI report later. That being said, traders are pricing in ~94% odds of no rate cut by the BOE in September. As such, it will be hard to move the needle and that presents limited upside for the pound. So, the expiries could help to limit any upside extensions in the session ahead at least.
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 20 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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