There is just one to take note of on the day, as highlighted in bold below.
That being for EUR/USD at the 1.1400 level. The expiries don’t tie to any technical significance once again but the relative size could act as a bit of a magnet for price action. That especially as trading sentiment will now shift towards focusing on the US CPI report later in the day instead.
The dollar has been underpinned by the latest US-Iran developments but we’re not seeing that translate to too much EUR/USD downside. As such, the expiries could still play a role in terms of limiting price action for the session ahead – at least keeping any potential upside extensions in check. That as traders slowly gear towards the US inflation data later.
Once we do get to the US CPI report, trading sentiment and price action will then revolve around the data release. So, don’t expect the expiries to hold too much impact in the aftermath of that later today.
Besides that, there aren’t any major ones on the board today with just a couple of light ones slated for tomorrow – for now.
For more information on how to use this data, you may refer to this post here.
This article was written by fl9bde53b91e184082bbe3aa3acaaf2cb0 at investinglive.com.