There are just a couple of expiries to take note of on the day, as highlighted in bold below.
They are for EUR/USD at the 1.1600 and 1.1650 levels. The expiries don’t tie to any technical significance but once again could act as a bit of a magnet and/or keep a lid on price action for the session ahead. The ones at 1.1650 in particular may just help to limit price movements on the session, with market players still keenly watching out for the US-Iran deal announcement.
The broader risk mood and dollar sentiment remain the two bigger influences of price action. So, headline risks will continue to be a key driver in closing out the week. So, just be wary of that as that can override the impact or pull factor of the expiries above.
Also, there is potential month-end shenanigans to watch out for as well. So, just take note of that when looking to the day ahead.
Otherwise, we are likely to see markets keep more tentative in waiting for the announcement and details of the US-Iran deal. It’s now a real question of whether that will come before the weekend or not. And if not, will there be some late and heavy de-risking just in case? And even if there is a deal, is it going to be a case of buy the rumour, sell the fact on the details? Just a couple of things to consider.
For more information on how to use this data, you may refer to this post here.
