There aren’t any major expiries to take note of on the day, with the full list seen below.
There are some largish ones for EUR/USD at the 1.1750-60 levels but they aren’t likely to feature into play. The dollar is firmer after the stronger US jobs report yesterday but not really enough to set off a material course correction in price action just yet.
In the case of EUR/USD specifically, the overnight decline was arrested by the 200-hour moving average and that is seen at 1.1841 currently. So, that will be the key near-term level to watch in putting a floor on price action today. A break of that though will free up space towards 1.1800 next at least, testing bids layered at the figure level.
Amid a lack of key catalysts and more waiting until the US CPI report tomorrow, there won’t be too much to drive trading sentiment otherwise in the day ahead.
So, market players will be left to their own devices barring any major surprises from the US weekly initial jobless claims data today.
For more information on how to use this data, you may refer to this post here.
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This article was written by Justin Low at investinglive.com.
