Currency Analyst since 2010

Key option levels

FXBAZOOKA.com - Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (15:00 GMT).

Here are the key options expiring today:

EUR/USD: 1.1500 (EUR 847m) 1.1600 (EUR1.4bln) 1.1650 (EUR 849m) 1.1700 (EUR 2.2bln);

GBP/USD: 1.5000 (GBP266m);

USD/JPY: 118.00 (USD 1.2bln) 120.00 (USD 352m);

USD/CHF: 0.9150 (USD 500m) 0.9300 (USD 420m);

AUD/USD: 0.8000 (AUD 750m) 0.8210 (AUD 817m);

USD/CAD: 1.2000 (USD 540m);

NZD/USD: 0.7600 (NZD319m) 0.7850 (NZD 301m);

EUR/GBP: 0.7700 (EUR 338m).

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