FX option expiries for 12 May 10am New York cut

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

The first being for EUR/USD at the 1.1250 level. It isn’t one that ties to any technical significance but the expiries do sit nearby the gap closure level after the pair opened with a gap down today. The dollar is in a better spot amid positive news from US-China talks over the weekend.

I wouldn’t place too much emphasis on the expiries today as such, with headline risks being paramount. We’re still waiting for the joint-statement by the US and China on what the next steps will be.

There’s also one for USD/JPY at the 145.65 level but again, it’s not one that ties to any technical significance either. As such, the impact of the expiries might be more muted as dollar and risk sentiment remain bigger drivers of how price action will behave in the session(s) ahead. That especially with headline risks also still taking center stage at the moment.

For now, the risk mood remains optimistic as equities race higher but dollar gains have not been all too material

FX option expiries for 12 May 10am New York cut

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Payment services for HUBFX are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199) and The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorized in 39 states to transmit money (MSB Registration Number: 31000160311064). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 10011 and CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 – 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of a electronic-money institution (Relation Number: R142701)

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