• bitcoinBitcoin (BTC) $ 69,258.00
  • ethereumEthereum (ETH) $ 2,067.48
  • tetherTether (USDT) $ 0.999578
  • bnbBNB (BNB) $ 629.08
  • xrpXRP (XRP) $ 1.37
  • usd-coinUSDC (USDC) $ 0.999815
  • solanaSolana (SOL) $ 87.61
  • tronTRON (TRX) $ 0.311784
  • staked-etherLido Staked Ether (STETH) $ 2,265.05
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.02

FX option expiries for 29 January 10am New York cut

There are no major expiries to take note of on the day, with the full list seen below.It’s the same scenario that we’ve been facing for the past few days now. Trading sentiment is going to be all about the other key drivers more so than anything else. That being the prevailing weakness in the US dollar, bids into precious metals, and potential intervention risks with regards to the Japanese yen.The first two points remain very much in play with the dollar falling back again today. The brief respite yesterday is what it the name implies, with dollar sentiment still down in the dumps. Meanwhile, precious metals continue to soar with gold eyeing a push to $5,600 now and silver briefly clipping the $120 mark earlier. Up, up, and away.As for yen-tervention risks, that has cooled modestly over the last few sessions. Tokyo stepped in one more time on Tuesday with a suspected ‘rate check’ again, sending USD/JPY down below its 100-day moving average. And that has knocked the wind out of dip buyers this week. The key level is seen at 153.71 still, so that will be a notable line in the sand to be wary of with the pair trading down to 153.00 currently.There will be bigger fish to fry from the expiries list tomorrow, mainly for EUR/USD. However, they sit on the lower side of things between 1.1800 to 1.1900. Amid the dollar rout, it may be tough to see those expiries come into play unless we get a pullback in the dollar selling.And also don’t forget about month-end flows creeping into play in the sessions to come before the weekend comes along.For more information on how to use this data, you may refer to this post here.Head on over to investingLive (formerly ForexLive) to get in on the know!
This article was written by Justin Low at investinglive.com.

🔗 Source

💡 DMK Insight

With no major expiries today, traders need to focus on external drivers influencing market sentiment. This ongoing scenario suggests that volatility might stem from macroeconomic factors or geopolitical events rather than typical expiry-related movements. For day traders and swing traders, this means keeping an eye on economic indicators like inflation reports or central bank announcements that could sway market direction. Additionally, the lack of expiries might lead to thinner trading volumes, increasing the potential for erratic price movements. It’s worth noting that when markets are less influenced by expiries, they can react more sharply to news, so staying updated on global events is crucial. Watch for any shifts in sentiment that could impact correlated assets, such as commodities or equities, as these can often provide clues about crypto and forex movements. In the coming days, monitor key economic releases and be prepared for potential breakouts or reversals as traders react to the broader market context.

📮 Takeaway

Keep an eye on macroeconomic indicators and geopolitical events, as they could drive volatility in the absence of major expiries.

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