Thursday , 21 November 2024
Forex

There are a couple to take note of, as highlighted in bold.

The first ones are for EUR/USD at the 1.1100 and 1.1150 levels. They are likely to help sandwich price action as traders wait on the US jobs report later in the day. And that is just that, markets are all fixated on the non-farm payrolls data so don’t expect the expiries on the board to play much of a role after.

Similarly, the one for USD/CAD at 1.3500 might lock price action a bit but that is only until we get to the jobs reports from both the US and Canada later.

There is also a modest sized one for USD/JPY at 143.00. However, given the nature of volatility in the pair, I wouldn’t expect the expiries to offer much significance at a time like this.

For more information on how to use this data, you may refer to this post here.

This article was written by Justin Low at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Weekly update on interest rate expectations

Rate cuts by year-endFed: 14 bps (55% probability of rate cut at...

Gold Technical Analysis – New highs as rate cuts repricing pauses

Fundamental OverviewGold continues to make new highs as the correction from the...

European equities see a mixed open to start the day

Eurostoxx flatGermany DAX +0.2%France CAC 40 -0.1%UK FTSE +0.3%Spain IBEX +0.2%Italy FTSE...

France November business confidence 96 vs 97 prior

Prior 97Services confidence 99Prior 101Manufacturing confidence 97Prior 92; revised to 93The overall...