• bitcoinBitcoin (BTC) $ 80,365.00
  • ethereumEthereum (ETH) $ 2,316.06
  • tetherTether (USDT) $ 0.999932
  • xrpXRP (XRP) $ 1.43
  • bnbBNB (BNB) $ 655.12
  • usd-coinUSDC (USDC) $ 0.999913
  • solanaSolana (SOL) $ 93.14
  • tronTRON (TRX) $ 0.350262
  • staked-etherLido Staked Ether (STETH) $ 2,265.05
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.03

FX option expiries for 8 May 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 1.1750 level. The expiries don’t tie to any technical significance, so I would expect the impact to be relatively muted; all else being equal.Trading sentiment remains largely tied to the broader risk and dollar mood. As such, US-Iran headlines continue to be the key driver at the moment. And unless there are new developments, we could see markets stick to a more limited range in the session ahead. That especially as traders and investors will also be looking to the US non-farm payrolls data before the weekend.Besides that, there isn’t much else to note other than a reminder that USD/JPY remains in dangerous territory near 157.00 with Tokyo officials likely to intervene again if price action were to cross that mark.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.

đź”— Source

đź’ˇ DMK Insight

EUR/USD is hovering around the 1.1750 mark, and here’s why that matters right now: With expiries at this level lacking technical significance, traders might not see a major reaction unless external factors come into play. However, the sentiment around the pair is still influenced by broader economic indicators, particularly any shifts in U.S. monetary policy or European economic data releases. If the pair breaks below 1.1700, it could trigger further selling pressure, while a push above 1.1800 might attract buyers looking for a bullish reversal. Keep an eye on upcoming economic reports, as they could shift sentiment quickly. Additionally, watch for correlated movements in the dollar index (DXY), which often impacts EUR/USD directly. If DXY strengthens, it could weigh on the euro, pushing EUR/USD lower. So, while the current expiries may not create immediate volatility, the market’s reaction to economic news could lead to significant price movements. Traders should be prepared for potential swings around these key levels.

đź“® Takeaway

Watch for EUR/USD around 1.1750; a break below 1.1700 could signal further downside, while a move above 1.1800 may attract buyers.

Leave a Reply