UPDATE: FX option expiries for November 24 at 10 AM New York time are set to impact trading sentiment today. With no major expiries on the docket, market focus will largely remain on risk appetite, especially following last week’s fluctuations.
Traders are closely monitoring the Japanese yen, which has been under pressure. Additionally, all eyes are on the AUD/USD pair as it approaches a critical consolidation range between 0.6420 and 0.6600—a threshold that has remained intact since June. A significant sell-off in risk assets could trigger a breakdown below this range, which many analysts are warning about.
In the current environment, the overall risk mood will dictate trading decisions. As market participants await the 10 AM cut, expect volatility and potential shifts in sentiment.
For real-time updates and insights, traders can visit InvestingLive (formerly ForexLive) to stay informed. The atmosphere in the markets is charged, and any unexpected moves could lead to immediate reactions.
Stay tuned for further developments as the day unfolds. This is a pivotal moment for traders navigating the FX landscape, and awareness of these expiries is crucial for effective strategy planning.
