• bitcoinBitcoin (BTC) $ 65,957.00
  • ethereumEthereum (ETH) $ 1,913.44
  • tetherTether (USDT) $ 0.999366
  • xrpXRP (XRP) $ 1.37
  • bnbBNB (BNB) $ 606.42
  • usd-coinUSDC (USDC) $ 0.999921
  • solanaSolana (SOL) $ 78.14
  • tronTRON (TRX) $ 0.276496
  • staked-etherLido Staked Ether (STETH) $ 2,265.05
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.04

FX option expiries for 5 February 10am New York cut

There is just one to take note of on the day, as highlighted in bold below.That being for EUR/USD at the 1.1800 level. The pair continues to weave in and out of the figure level, so the expiries will provide some interest to keep price action close by once again. That being said, the dollar remains underpinned so far this week and even more so on a day like this when we’re seeing more shaky risk sentiment and precious metals facing a setback to the bounce in the past few days.The latter in particular is one thing to note in markets today with silver down by over 10% to $78.63 currently. Meanwhile, gold is also down 0.8% to $4,924 as the volatile swings in precious metals continue to play out.Other than that, just keep a watchful eye on USD/JPY as well with the pair continuing to keep near 157.00 now. That might invite actual intervention from Tokyo as the rebound continues and we’re roughly just 200 pips away from the 159.00 mark, where the line was drawn and ‘rate checks’ were performed.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

EUR/USD is flirting with the 1.1800 level, and here’s why that matters right now: This level is pivotal as it acts like a magnet for price action, especially with expiries looming. Traders should be aware that options expirations can lead to increased volatility, particularly if the pair hovers around this psychological barrier. If we see a strong close above 1.1800, it could signal a bullish breakout, potentially targeting higher resistance levels. Conversely, a failure to maintain above this mark might trigger a sell-off, leading to a test of lower support levels. Keep an eye on the daily charts for any candlestick patterns that could indicate a shift in momentum. But don’t ignore the broader context—economic indicators from the Eurozone and U.S. could influence this pair significantly. If upcoming data releases show stronger-than-expected growth in the U.S., it might pressure EUR/USD lower. Watch for any shifts in sentiment from institutional players, as their positioning could dictate the next move. The real story is how this level interacts with market sentiment and economic news in the coming days.

📮 Takeaway

Watch the 1.1800 level closely; a break above could lead to bullish momentum, while a drop below may trigger selling pressure.

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