FX option expiries for 26 November 10am New York cut

Forex Short News

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

The first ones are for EUR/USD near the 1.1600 level. The pair has been trending more choppily since the end of October, keeping above 1.1500 but below its 100-day moving average (now seen at 1.1645). The expiries above could help to place a bit of a magnet on price action for the session ahead. But amid a weaker dollar this week, buyers will stay poised to keep the momentum going with the near-term chart also turning more bullish now.

That being said, the Thanksgiving holiday season will begin tomorrow and that may sap out any real market appetite/liquidity for the next two days.

Then, there is one for AUD/USD at the 0.6500 level. The aussie is getting a boost from the stronger monthly CPI data here earlier, quelling expectations for a rate cut. That sees the near-term bias also nudge up to become more bullish again but the expiries could above could keep a lid on things before rolling off later in the day at least.

Another thing to consider is any continuation of the more bullish risk mood, which will act as another tailwind for the aussie in reducing the impact of the expiries in the session ahead.

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

Head on over to investingLive (formerly ForexLive) to get in on the know!

This article was written by Justin Low at investinglive.com.