• bitcoinBitcoin (BTC) $ 80,937.00
  • ethereumEthereum (ETH) $ 2,328.62
  • tetherTether (USDT) $ 0.999837
  • xrpXRP (XRP) $ 1.43
  • bnbBNB (BNB) $ 650.59
  • usd-coinUSDC (USDC) $ 0.999852
  • solanaSolana (SOL) $ 93.79
  • tronTRON (TRX) $ 0.351112
  • staked-etherLido Staked Ether (STETH) $ 2,265.05
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.03

FX option expiries for 16 February 10am New York cut

There is arguably just one to take note of on the day, as highlighted in bold below.Considering that US markets are closed today, there is a notable lack of interest on the expiries board to start the week. That being said, there is one that could still factor into play. And that is for EUR/USD at the 1.1850 level.The currency pair remains caught in between its 100 and 200-hour moving averages since Friday, with the latter even already providing support for the pair since Wednesday. That key near-term floor level is seen at 1.1852 currently.So, that holds close by to the expiries above and could act as a decent lower bound for price action in the session ahead. That also as there is a lack of key catalysts for markets today amid the long weekend in the US.As such, we could see a more lackadaisical mood in terms of price movements in European morning trade. However, just keep in mind the potential impact of the expiries and key near-term level above in case we do see some extensions to the current narrow range.Besides that, there isn’t anything else worth noting on the day. So, expect it to be a quieter session in Europe today.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 US markets closed today, traders might feel a lull, but don’t overlook the potential impact of the lone expiry on the board. This lack of activity could lead to thinner liquidity, which often results in heightened volatility when any significant news or data drops. Keep an eye on how this expiry interacts with existing positions, as it could trigger unexpected moves in correlated assets. The absence of US market participation means that any price action today could be exaggerated, especially if the expiry aligns with technical levels from previous sessions. If you’re holding positions, consider tightening your stop-loss orders to mitigate risk. Also, watch for any late-breaking news that could disrupt the calm—traders often react swiftly to unexpected developments, leading to rapid price shifts. In this context, it’s worth noting that while the market may seem quiet, the potential for sudden volatility is real. Be prepared for a possible spike in activity as traders position themselves ahead of the next trading day.

📮 Takeaway

Watch for volatility spikes around the lone expiry today, especially if unexpected news breaks, as it could lead to rapid price movements.

Leave a Reply

Navigating Success Together

Place your Ad

Trending News

  • All Posts
  • Community
  • Crypto Markets
  • DeFi & Web3
  • DMK AI Summary
  • DMK Editorials
  • DMK Press Release
  • Forex News
  • NFT & Metaverse
  • Regulation & Security
  • Tech & Innovation
  • Top News

News Categories