There are a couple to take note of on the day, as highlighted in bold below.
The first ones are for EUR/USD layered in between 1.1700 through to 1.1800. And the bigger one is seen at the 1.1750 level. With market players focusing on the ECB later today, even if it is going to be a dud, there won’t be too much appetite to go running. Instead, the US CPI report later will likely offer more volatility to the dollar side of the equation if anything else.
But in the meantime, expect the expiries above to keep price action more boxed in with the ones at 1.1750 to potentially act as magnets before we get to the main events later in the day.
Then, there is one for USD/JPY at the 156.00 mark. That is likely to keep a lid on the latest rebound in the pair this week, with price keeping around 155.85 currently as we look to European morning trade. Again, that at least until we get to the US CPI report later in the day.
With tomorrow being the supposedly “real” final trading day of the year, there are a host of large expiries all across the board as seen above. So, just keep that in mind as well.
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.
