Get ready for the FX option expiries on January 5th at 10 am New York time! While there aren't any massive expiries to watch out for today, we're about to embark on the first trading week of the year, and things are about to get interesting. The full list of expiries is available below, so make sure to keep an eye on it.
As we discussed last week, the positioning flows at the start of the year will significantly influence the price action of major currencies. Today, the dollar is holding strong due to ongoing geopolitical tensions. But wait, there's more! This week, we'll also be dealing with the first US non-farm payrolls data release, which is a major event to watch as we navigate the new year.
For now, the expiries board is relatively thin, and the larger expiries are quite distant from the prevailing spot price. So, don't expect too much movement today. However, it's always important to stay informed and prepared.
If you want to dive deeper into understanding how option expiries impact the market and how to trade them, check out this informative post on investingLive.com. It provides valuable insights and strategies.
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