FX option expiries for 7 February 10am New York cut

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

The first one is for EUR/USD at the 1.0400 level. Given the focus is now on the US jobs report, the large expiries here is likely to keep a lid on price action at least until we get to the main event later.

Then, there are ones for USD/CAD at 1.4310 and 1.4355. Similar to the one above, they’re not significant from a technical standpoint. As such, the expiries might just offer some push and pull in price action before the non-farm payrolls data.

The US jobs report today will be a key one to watch after the latest drop in bond yields this week. As such, the dollar will be rather sensitive to the headlines.

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.