QuoteDislikedThe [USD] was hit lower initially after the ADP hiring came in at a shocking -79k vs the -15k forecast, taking Eur/Usd up from around 1.5805 about 40 points so far. Given the data is perceived as pre-cursor for tomorrow's NFP numbers, the losses could well be sustainable, especially given that the Usd has enjoyed a recent run higher which could mean some corrective moves due ahead. Eur/Usd especially is looking set to be well underpinned on dips now ahead of tomorrow's ECB rate decision and expected hike. Note, a large 106.00 Usd/Yen expiry has come back into play.
Question,
Can someone point me in the right direction and explain what an "expiry" is and how it relates to forex. (Or please point me in the right direction)
Warm regards,
Bristol
"I spilled spot remover on my dog. He's gone now." - Steven Wright
