Wednesday , 6 November 2024
Home Forex FX option expiries for 4 November 10am New York cut
Forex

FX option expiries for 4 November 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 1.0900 level. The figure level isn’t one that holds any technical significance but the expiries could well help to box in price action in the session ahead. That without much fresh headlines involving the US election in the meantime. However, with the dollar under pressure, there is still a chance of European traders following through on the earlier price action. So, that’s something to be wary about.

Then, there is one for AUD/USD at the 0.6600 level. The expiries are pretty huge and sits near the 200-hour moving average of 0.6599 currently. But the pair is largely driven by dollar dynamics to start the week, with the greenback opening with a gap down on US election sentiment. That is still the key driver to watch in the session(s) ahead but just note of the 200-day moving average at 0.6627 for the pair. That will be the bigger key level to watch on the charts for now.

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Your email address will not be published.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

The US treasury auctions off $25B of 30 year bonds at a high yield of 4.608%

High Yield 4.608%WI level at the time of the auction: 4.63%Tail: -2.2...

US treasury to auction $25B of 30 year bonds testing the buyers appetite

The US treasury will auction off $25B of the "grand-daddy of them...

EURUSD moves down toward triple bottom in June and bounces. Sellers still in control.

The EURUSD moved higher before the results of the election started to...

Nomura now sees just one Fed rate cut in 2025 after Trump win

Nomura anticipates that the Fed will respond cautiously to a Trump administration...