There are just a couple to take note of on the day, as highlighted in bold below.
They are for EUR/USD at the 1.1760 and 1.1790-00 levels. The currency pair has been looking a little heavier since overnight trading, as the risk mood retreats slightly as US-Iran developments continue to hit a roadblock. The expiries now tie closer to the 200-hour moving average at 1.1760 currently and also some short-term daily resistance at the 1.1800 mark.
While significant, I wouldn’t expect all too much impact from the expiries in dictating price action for the most part.
As things stand, trading sentiment is riding heavily on the dollar mood and risk climate. And we can see from just a little headline here how markets can be a little jumpy already, even if it might have been a rehash of one many hours ago.
So once again, headlines risks are paramount in this kind of trading environment. As such, I wouldn’t attach too much significance to the expiries in terms of the impact that they might offer.
Right now, the ceasefire is extended and markets are taking that to mean that US-Iran talks will happen sooner or later. But looking at how things are progressing, they don’t look like taking place today at least.
I would be watching for US vice president Vance’s travel plans for any concrete evidence of when both sides will sit down again to negotiate. That will be a notable development that could get markets moving with eager anticipation next.
For more information on how to use this data, you may refer to this post here.