• bitcoinBitcoin (BTC) $ 66,842.00
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  • tetherTether (USDT) $ 0.999921
  • xrpXRP (XRP) $ 1.32
  • bnbBNB (BNB) $ 586.02
  • usd-coinUSDC (USDC) $ 1.00
  • solanaSolana (SOL) $ 79.80
  • tronTRON (TRX) $ 0.313862
  • staked-etherLido Staked Ether (STETH) $ 2,265.05
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.03

FX option expiries for 2 April 10am New York cut

There is arguably just one to take note of on the day, as highlighted in bold below.That being for EUR/USD at the 1.1500 level. Well, the dollar sentiment has shifted around as US president Trump didn’t offer much of anything new in his address towards the Iran situation earlier. He reaffirmed that it will still take weeks for the conflict to resolve and that means the status quo will at least extend until further notice.As a reminder, he had said that this whole operation would take four to five weeks at the start. But from the latest timeline, it seems that it will take at least six to eight weeks. And in a time when the oil market is as stressed as it is, every single day counts.So, the market mood has soured again and that is the bigger driver of trading sentiment at the moment. In turn, it has put the dollar back in favour with EUR/USD falling back from 1.1600 to 1.1530 levels now. The 1.1500 mark doesn’t tie to any technical significance but could still offer some pull, especially if dollar gains extend when European traders come in.That especially if we have to factor in traders and investors wanting to de-risk into the long weekend in Europe.The 100-hour moving average at 1.1526 currently is the next key line in the sand. A break of that puts the spotlight on 1.1500 next before we get to US trading later.Besides that, the expiries board for Friday and Monday next week is looking rather empty. That as the Easter bunny comes to visit and we see an extended weekend for markets in Europe. A little reminder on that just in case.For more information on how to use this data, you may refer to this post here.
This article was written by Justin Low at investinglive.com.

🔗 Source

💡 DMK Insight

The EUR/USD at the 1.1500 level is a critical watchpoint right now. With dollar sentiment shifting after Trump’s address on Iran, traders should be cautious. Lack of new information can lead to volatility as market participants reassess their positions. If the pair breaks below 1.1500, it could trigger further selling pressure, especially if we see increased risk-off sentiment. Conversely, a bounce off this level might attract buyers looking for a short-term rally. Keep an eye on economic indicators coming out this week, as they could provide the necessary catalyst for a breakout. Also, watch for any geopolitical developments that could impact the dollar’s strength, as these can have immediate effects on currency pairs. Here’s the thing: while mainstream coverage might downplay the significance of Trump’s speech, the market’s reaction tells a different story. Traders should be ready for potential swings, especially if the 1.1500 level holds or breaks decisively.

📮 Takeaway

Monitor the EUR/USD at the 1.1500 level closely; a break could signal further downside, while a bounce may present buying opportunities.

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