By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Gulf PressGulf Press
  • Home
  • Gulf News
    • Saudi Arabia
    • UAE24/7
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • World
  • Business
    • Market DataLive
    • Finance
    • Economy
    • Energy
    • Crypto
    • ForexHot
    • Tech
  • Sports
  • Lifestyle
  • Videos
Search
Countries
  • Saudi Arabia
  • UAE
  • Kuwait
  • Qatar
  • Bahrain
  • Oman
More Topics
  • Technology
  • Health
  • Entertainment
  • Crypto
  • Forex
  • Stocks
Site Links
  • Business Hub
  • Trending
  • Weather
  • Customize Interests
  • Bookmarks
  • Newsletter
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Reading: Foreign exchange options expiries for May 7th New York cut
Share
Notification Show More
Latest News
Jordan to Host Iraq in the Final Round of the Asian World Cup Qualifiers After Securing Historic Spot
Sports
The Myriad Redefines Student Living for a Mobile, Urban Generation
UAE
L’Oréal Paris Welcomes Yasmine Sabri as New Brand Ambassador for the Middle East
Lifestyle
Roland Garros 2025: A New Era of Viewing, A Tribute to Legends, and Moments to Remember
Sports World
Bitget Celebrates Bitcoin Pizza Day by Distributing Over 5000 Pizzas in Over 20 Cities Worldwide
Crypto
Aa
Gulf PressGulf Press
Aa
  • Gulf News
  • World
  • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Videos
Search
  • Home
    • Videos
    • Business Hub
    • Trending
  • Gulf
    • Saudi Arabia
    • UAE
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • Business
    • Market Data
    • Crypto
    • Economy
    • Energy
    • Finance
    • Forex
    • Tech
  • More News
    • World
    • Lifestyle
    • Entertainment
    • Sports
Have an existing account? Sign In
Follow US
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Gulf Press > Business > Forex > Foreign exchange options expiries for May 7th New York cut
Forex

Foreign exchange options expiries for May 7th New York cut

News Room
Last updated: 2024/05/07 at 8:29 AM
News Room
Share
3 Min Read
SHARE

FX option expiries for May 7 NY cut at 10:00 Eastern Time, provided by DTCC, reveal the various amounts for different currency pairs. For the EUR/USD pair, the EUR amounts are spread across different strike prices, with notable amounts at 1.0725 and 1.0750. Similarly, for the GBP/USD pair and the EUR/GBP pair, the GBP and EUR amounts are distributed at different levels. In the case of the AUD/USD pair, significant amounts are seen at 0.6500 and 0.6590 strike prices. The USD/CAD pair also shows significant amounts at various strike prices, with 1.3700 and 1.3900 holding substantial figures.

In the FX market, options play a crucial role in providing market participants with the flexibility to hedge their positions or speculate on currency movements. Option expiries indicate the levels at which market participants have put options or call options that could influence price action around those levels. Traders often pay close attention to option expiries, as they can act as support or resistance levels for a particular currency pair. By knowing the levels at which significant amounts of options expire, traders can adjust their trading strategies accordingly.

For the EUR/USD pair, the option expiries on May 7 show notable amounts at 1.0725 and 1.0750 strike prices. These levels could act as key pivot points for the pair, influencing its price movement leading up to the expiry. Traders may look to either defend or attack these levels depending on their market outlook. Similarly, for the GBP/USD pair and the EUR/GBP pair, the option expiries provide insight into potential price levels where market participants have placed their bets.

In the AUD/USD pair, the option expiries at 0.6500 and 0.6590 strike prices hold significant amounts, indicating potential areas of interest for market participants. Traders watching these levels may anticipate price volatility around the expiry time as positions are adjusted or unwound. The USD/CAD pair also shows substantial option expiries at various strike prices, with 1.3700 and 1.3900 standing out as key levels to watch. These levels could attract price action and influence trading decisions in the pair.

Overall, FX option expiries on May 7 provide valuable information for traders looking to navigate the currency markets. By understanding where significant amounts of options expire, traders can better anticipate potential price levels that could impact their positions. Option expiries can act as guideposts for price movements and help traders fine-tune their strategies accordingly. Keeping an eye on these key levels and the corresponding amounts can offer insights into the market sentiment and potential areas of interest for market participants.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
News Room May 7, 2024
Share this Article
Facebook Twitter Copy Link Print
Previous Article Delegation from the Interior Ministry of Sudan visits the General Directorate of Passports
Next Article Exploring BlastUP Launchpad: How It’s Revolutionizing New Crypto Launches
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
56.4k Followers Follow
136k Subscribers Subscribe
- Advertisement -
Ad imageAd image

Latest News

Jordan to Host Iraq in the Final Round of the Asian World Cup Qualifiers After Securing Historic Spot
Sports June 10, 2025
The Myriad Redefines Student Living for a Mobile, Urban Generation
UAE May 27, 2025
L’Oréal Paris Welcomes Yasmine Sabri as New Brand Ambassador for the Middle East
Lifestyle May 23, 2025
Roland Garros 2025: A New Era of Viewing, A Tribute to Legends, and Moments to Remember
Sports World May 22, 2025

You Might also Like

Forex

Pound Sterling Price Update and Prediction: GBP strengthens as risk sentiment improves

January 6, 2025
Forex

Elliott Wave Technical Analysis of NVIDIA Corp. (NVDA) [Video]

January 6, 2025
Forex

EUR/USD: Is it a Dead Cat Bounce? – OCBC

January 6, 2025
Forex

AUD/JPY maintains gains around 98.50 following PMI data release

January 6, 2025
Forex

NZD/USD edges up to nearly 0.5650 after China’s Caixin Services PMI

January 6, 2025
Forex

Japanese Yen bulls stay on the sidelines as USD/JPY remains steady above the mid-157.00s

January 6, 2025
Forex

Silver Price Prediction: XAG/USD bears in control below $30.00 near 200-day SMA

January 6, 2025
Forex

Gold price drops from multi-week high due to hawkish Fed expectations

January 6, 2025
//

Gulf Press is your one-stop website for the latest news and updates about Arabian Gulf and the world, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of ue
  • Advertise
  • Contact

How Topics

  • Gulf News
  • International
  • Business
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our latest news instantly!

I have read and agree to the terms & conditions
Gulf PressGulf Press
Follow US

© 2023 Gulf Press. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?