FX option expiries for 19 February 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 board for the day, as highlighted in bold below.

FXO 19-02

The first ones are for EUR/USD at the 1.1790-00 levels. The expiries don't tie to any technical significance but could play a key role in terms of limiting price action on the day. The expiries are likely to act as magnets to pull price action during the session ahead, keeping a more confined range for traders to play with. That at least until they roll off later in the day.

The same applies to the one for USD/JPY at the 155.00 level as well. The expiries could double up as a pull factor to keep price action more limited, even as the upside momentum starts to gain traction after the jump yesterday.

That being said, I would attach more significance to the expiries in EUR/USD than the ones for USD/JPY in the day ahead.

The magnetic pull towards 1.1800 and in keeping price action more muted is of more influence. That as opposed to USD/JPY, which is starting to break higher after a bit of consolidation since last week previously. Still, don't discount the potential impact of the expiries.

Barring any major headline risks in European morning trade, they are ones to possibly play a role in terms of influencing price action in the session ahead.

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

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