There aren’t any major expiries to take note of on the day, with the full list seen below.
The dollar continues to see more pushing and pulling on the week, as traders continue to digest the US-Iran framework agreement. The final details are yet to be confirmed, although we do have an idea on how it should look like.
Come what may, it all depends on the Strait of Hormuz. And the broader market reaction so far has not really synced up with oil prices just yet; vice versa.
The greenback is still somewhat steadier since last week, with a more tepid market mood awaiting the Fed later today. US stocks retreated yesterday on likely profit-taking activity, so that is keeping markets on edge before we get to the FOMC meeting decision and the US-Iran deal signing on Friday.
There will be bigger fish to fry tomorrow on the expiries board with a particularly large one for EUR/USD at the 1.1500 level, roughly €11 billion. Adding to that will be a host of large expiries also running through from 1.1600 to 1.1655, so just take note of that.
For today, the expiries will have a rather muted impact given the insignificance of the levels and sizes.
For more information on how to use this data, you may refer to this post here.
