Are you ready to dive into the world of FX option expiries? Let's explore the upcoming events for February 12th at 10 am New York cut, where the market is set to witness some interesting developments. But here's where it gets controversial...
On the surface, there aren't any major expiries to take note of, as you can see from the full list provided below. However, let's take a closer look at the key levels and what they might mean for traders.
For EUR/USD, there are some notable expiries at the 1.1750-60 levels. While these might not significantly impact the market, they are worth keeping an eye on. The dollar is showing strength after yesterday's robust US jobs report, but it's not enough to trigger a major price correction just yet.
In the case of EUR/USD specifically, the overnight decline was arrested by the 200-hour moving average, currently at 1.1841. This level will be crucial in determining the near-term price action. A break below this level could open up space towards 1.1800, testing the bids layered at the figure level.
With a lack of key catalysts and traders waiting for the US CPI report tomorrow, there won't be too much to drive trading sentiment today. Market players will be left to their own devices, barring any major surprises from the US weekly initial jobless claims data.
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 don't forget to head over to investingLive (https://www.investinglive.com/) (formerly ForexLive) to stay in the know!
But here's the part most people miss... Are you ready to take your trading to the next level? It's time to explore the controversial side of FX option expiries and see how they can impact your strategy. So, what do you think? Do you agree or disagree with the analysis? Share your thoughts in the comments below!
