CANADA OFFERING ITS POSTAL SERVICE UP TO CAD1B CASH BAILOUT

MNI BRIEF: US Existing Home Sales Rise 2.2% To 4.24M In Dec

MNI: US JAN FLASH MANUF PMI 50.1 (FCST: 49.8); DEC 49.4

MNI China Daily Summary: Friday, January 24

MNI BRIEF: China Electricity Growth Expected At 6% In 2025

MNI:PBOC Net Drains CNY795Bn Via MLF; Injects CNY179Bn Repo

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JAN INDEX 71.1

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

FOREX: Option Expiries Helping to Contain EURUSD Range

FOREX
BulletMarketsForeign Exchange Bullets
  • EURUSD has broken to session lows in recent trade, breaching the extremely tight overnight range between 1.0300-1.0280. The greenback is exhibiting some moderate dollar strength as US retail sales and initial jobless claims approach, with market participants also eyeing Treasury Secretary Nominee Scott Bessent’s Senate confirmation hearing.
  • Barring the 100 pip range in the aftermath of the US inflation data yesterday, EURUSD has spent the majority of the past three session trading in close proximity to 1.0300, with a decent amount of option expiries either side of this mark helping to contain momentum in either direction.
  • For reference, there is 5.54bn rolling off between 1.0250/1.0350 today, with a further 3.17bn at 1.0300 on Friday and 2bn at 1.0300/1.0305 on Monday.
  • Overall, resistance for the pair remains intact and the trend condition in EURUSD remains bearish. However, conflicting signals in the crosses may also be limiting the ability for EURUSD to resume weakening, notably EURGBP’s bullish developments and EURJPY posing a bearish technical threat.
160 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • EURUSD has broken to session lows in recent trade, breaching the extremely tight overnight range between 1.0300-1.0280. The greenback is exhibiting some moderate dollar strength as US retail sales and initial jobless claims approach, with market participants also eyeing Treasury Secretary Nominee Scott Bessent’s Senate confirmation hearing.
  • Barring the 100 pip range in the aftermath of the US inflation data yesterday, EURUSD has spent the majority of the past three session trading in close proximity to 1.0300, with a decent amount of option expiries either side of this mark helping to contain momentum in either direction.
  • For reference, there is 5.54bn rolling off between 1.0250/1.0350 today, with a further 3.17bn at 1.0300 on Friday and 2bn at 1.0300/1.0305 on Monday.
  • Overall, resistance for the pair remains intact and the trend condition in EURUSD remains bearish. However, conflicting signals in the crosses may also be limiting the ability for EURUSD to resume weakening, notably EURGBP’s bullish developments and EURJPY posing a bearish technical threat.