FX option expiries for 12 November 10am New York cut

  • A look at what is on the board for today
FXO FX OPTION EXPIRIES IL V2

There are a couple to take note of on the day, as highlighted in bold below.

FXO 12-11

The first being for EUR/USD at the 1.1550 level. That sits close by to the 100-hour moving average, seen at 1.1555 currently, so the expiries could help to keep a floor on price action as we navigate through European trading at least. That as the pair continues in a bit of a consolidation pattern under 1.1600 since the start of the week.

Then, there is one for GBP/USD at the 1.3100 level. The pound saw a bit of downside pressure after the softer UK labour market report yesterday but is balanced out by a meandering dollar as well. The key hourly moving averages at 1.3117-39 remain the more critical near-term points, so the expiries may not factor in too much besides providing a bit of a floor on any downside drive during the session ahead.

And lastly, there is one for AUD/USD at the 0.6500 mark. Similar to the other two pairs, the key near-term levels remain more of interest here. The 100 and 200-hour moving averages at 0.6510-15 should help to keep a floor on price action, which has also traded more sideways since the start of the week after having nudged back just above the figure level.

For more information on how to use this data, you may refer to this post here.

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