• bitcoinBitcoin (BTC) $ 71,390.00
  • ethereumEthereum (ETH) $ 2,097.70
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 659.11
  • xrpXRP (XRP) $ 1.42
  • usd-coinUSDC (USDC) $ 0.999999
  • solanaSolana (SOL) $ 88.17
  • tronTRON (TRX) $ 0.296925
  • staked-etherLido Staked Ether (STETH) $ 2,265.05
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.00

FX option expiries for 12 March 10am New York cut

There aren’t any major expiries to take note of on the day, with the full list seen below.The closest one that could factor into play are the ones for EUR/USD at the 1.1500 level. That being said, the fact remains that there is a bigger influence on price action currently. And that is oil prices, which is the tail wagging the dog in markets.That is continuing to be the key driver in impacting dollar and risk sentiment this week, so that remains the most important influence for trading sentiment. As such, don’t expect much in terms of impact from the expiries in terms of swaying price action.However, the expiries at 1.1500 could act alongside some key technical support at the figure level itself (namely the November lows) in helping to limit downside movements in European morning trade. But again, I would pin more influence to oil prices and dollar sentiment than expiries at a time like this.If the dollar continues to make waves, that will be a key line in the sand to watch out for. A break below that could set off further and heavier selling in EUR/USD.Besides that, just be wary of potential intervention risks from Tokyo as USD/JPY creeps back up to above 159.00. This was what triggered the ‘rate check’ in late January and we’re now testing the same levels again. The 160.00 mark will be a massive psychological battleground and likely a level that Tokyo officials might not want to give up on so easily.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, focus shifts to the EUR/USD at 1.1500—here’s why that matters: The absence of significant expiries means traders should look for other catalysts influencing price action. The 1.1500 level in EUR/USD is crucial; it’s a psychological barrier that could trigger volatility. If the pair approaches this level, expect increased activity from both retail and institutional traders, as they may look to either defend or break this key support/resistance. Additionally, keep an eye on broader economic indicators, such as upcoming U.S. job data or European Central Bank comments, which could sway sentiment and lead to a breakout or reversal around this level. But don’t overlook the potential for false breakouts. If the price hovers around 1.1500 without decisive movement, it could lead to a squeeze, catching traders off guard. Watch the 1.1450 and 1.1550 levels as potential entry points for scalping or swing trades, depending on how the market reacts. The next few hours could set the tone for the rest of the week, so stay alert.

📮 Takeaway

Monitor EUR/USD closely around the 1.1500 level today; a breakout could signal significant volatility, while a failure to hold may lead to a reversal.

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