FX Option Expiries for 8 May 10am New York Cut

There is arguably just one to take note of on the day, as highlighted in bold below. That being for EUR/USD at the 1.1750 level The expiries don't tie to any technical significance, so I would expect the impact to be relatively muted; all else being equal. Trading s

There is arguably just one to take note of on the day, as highlighted in bold below.

That being for EUR/USD at the 1.1750 level

The expiries don’t tie to any technical significance, so I would expect the impact to be relatively muted; all else being equal. Trading sentiment remains largely tied to the broader risk and dollar mood. As such, US-Iran headlines continue to be the key driver at the moment.

And unless there are new developments, we could see markets stick to a more limited range in the session ahead. That especially as traders and investors will also be looking to the US non-farm payrolls data before the weekend. Besides that, there isn’t much else to note other than a reminder that USD/JPY remains in dangerous territory near 157.00 with Tokyo officials likely to intervene again if price action were to cross that mark.

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