Categories: Business

FX option expires May 20 at 10:00 a.m. New York Cut

There are a few to note on this day, as highlighted bold.

The first concern EUR/USD at 1.0875 and 1.0900. This should keep price action more compact in this range on the day, given how little there is to work with in European trading as well. It’s a public holiday in most parts of Europe, so market appetite is likely to be sapped at the start of the week.

Next, there is one for NZD/USD at the 0.6100 level. This should help prevent price action from falling below the figure before expirations occur later.

In addition to this, the situation is a bit calm regarding expirations compared to the previous week. This of course illustrates the lack of significant events on the economic calendar, compared to what we saw last week.

For more information on how to use this data, you can refer to this article here.

cnbctv18-forexlive

Rana Adam

Recent Posts

Symptoms, spread, what to know – NBC Chicago

A new variant of COVID-19 is raising questions and capturing the attention of researchers as we approach fall and winter.…

29 mins ago

Kits Cubed: Oakland native and Stanford student creates nonprofit to help kids learn about science

OAKLAND, Calif. (KGO) -- A Stanford student is doing his part to build a better San Francisco Bay Area.He builds…

31 mins ago

House Speaker Mike Johnson calls for more ‘manpower’ to protect Trump after second assassination attempt

The Secret Service "acted so quickly and so decisively" to thwart an assassination attempt on former President Donald Trump at…

32 mins ago

Massachusetts man drives pickup truck onto college football field in Colorado

Crime Authorities say the man was involved in several accidents. A football game between UCLA and the University of Colorado…

33 mins ago

State’s experiment with grocery chain mergers sparks fight to stop Albertsons’ deal with Kroger

Washington state lawyers will have past grocery chain mergers — and their negative consequences — in mind when they go…

34 mins ago

Ben Affleck ‘couldn’t help but touch’ Jennifer Lopez at brunch

Ben Affleck "couldn't keep his hands off" Jennifer Lopez during their brunch on Saturday, a source exclusively tells Page Six.…

35 mins ago