Uncover the secrets of FX option expiries and their impact on the market! Are you ready to dive into the world of currency trading and discover how these expiries can influence price action?
On February 19th at 10 am New York time, there are a few key expiries to keep an eye on. The first one is for EUR/USD at the 1.1790-00 levels. While these expiries don't have any technical significance, they can play a crucial role in limiting price movement during the trading session. Think of them as magnets that pull the price action in a confined range, at least until they roll off later in the day.
The same goes for the USD/JPY expiry at the 155.00 level. These expiries could act as a pull factor, keeping price action more limited, even as the upside momentum gains traction after yesterday's jump.
But here's where it gets interesting! I would attach more significance to the EUR/USD expiries than the USD/JPY ones. The magnetic pull towards 1.1800 and the muted price action have a more significant influence. In contrast, USD/JPY is starting to break higher after a period of consolidation since last week.
So, what's the potential impact of these expiries? Barring any major headline risks in European morning trade, they could play a role in influencing price action in the session ahead. Don't discount their potential impact, even if the market seems to be moving in a different direction.
For more insights into how to use this data, check out this post: https://investinglive.com/Education/!/forexlive-education-option-contracts-their-impact-and-how-to-trade-off-them-20161116/.
And if you want to stay ahead of the curve, head over to investingLive (formerly ForexLive) for more market insights and analysis!
