EUR Strangled By Vanilla Options And Shallow Pullbacks
Let’s call it another ‘dog day afternoon’ in Europe ahead of the North American handover. There is very little to get excited about. Investors are waiting for the meat of this week’s data releases, starting with the Federal Open Market Committee (FOMC) gathering tomorrow and ending with the grand bull moose of data, the U.S. nonfarm payrolls report due on Friday. Until then, G10 currency vanilla option expiries are expected to keep this market somewhat occupied.