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Sep 03 - 06:55 AM
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EUR/USD - : Huge 1.1600 Options Pivotal For EUR/USD - More To Come
By Richard Pace — Sep 03 - 04:45 AM
• Well touted and sizeable 1.1600 EUR/USD FX option strikes expiring this week are proving pivotal so far
• There are €1.3 billion at 1.1590-1.1600 due to expire at 10-am New York/14.00 GMT on Thursday
• Market has also been sidelined before Friday's NFP data, where options are pricing a greater risk of FX volatility
• If the data, or any other catalyst fails to move EUR/USD - a huge 2.7 billion 1.1600 strike expiries Friday
• Friday also shows €2 billion 1.1565-75 and €1.5 billion
1.1645-50 strikes which may limit any potential breakoutEUR/USD FX option strikes expiring between September 1-4
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(Richard Pace is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters