EURUSD pinned down as option expiry time looms large
Large option contract interest today rolling off at 15.00GMT 14 Feb
As per my previous post/s just another heads-up reminder that we have a few contracts rolling off at the top of the hour.
EURUSD understandably pinned down around 1.2325 after the post CPI data fall below 1.2280 as is EURGBP at 0.8905. AUDUSD fell far too low for the 0.7875-85 interest to remain of interest.
The shackles may be released soon and we can't rule out a knee-jerk, but I still don't see the pair flying anywhere in a hurry anytime soon with more large expiries on the horizon:
Friday 16 Feb;
- EURUSD: 1.2300 (EUR 2.2bln) 1.2350 (1.2bln) 1.2500 (1.2bln)
- AUDUSD: 0.7850 (AUD 2.6bln) 0.7950 (1.4bln)
I'm out of here so see you all back tomorrow for more fun n frolics. I wish you positive pips meanwhile as always.