FX option expiries for 31 January 10am New York cut

<p>There is just one to take note of on the day, as highlighted in bold.</p><p>That being for USD/CAD at the 1.3400 mark. So far, bids at the figure level are also playing a role in limiting the recent downside in the pair. As such, the expiries will add to a defensive layer in keeping price action intact before rolling off later in the day.</p><p>However, eyes will stay on the bond market, oil prices, and ADP employment data in the session(s) to come. Those will also be key factors influencing price action besides the expiries above.</p><p>For more information on how to use this data, you may refer to this post <a href="https://www.forexlive.com/Education/!/forexlive-education-option-contracts-their-impact-and-how-to-trade-off-them-20161116/" target="_blank" rel="follow">here</a>.</p>

This article was written by Justin Low at www.forexlive.com.