FX option expiries on October 10 in New York cover several currency pairs. EUR/USD shows significant expiries, with 3.3 billion euros at 1.1500 and 3 billion euros at 1.1800. For GBP/USD, there are 990 million pounds at 1.3400. USD/JPY has expiries of 619 million dollars at 149.75 and 906 million dollars at 153.50. Lastly, AUD/USD expiries feature 742 million AUD at 0.6545.

USD/CAD Expiries

In USD/CAD, there are 590 million dollars at 1.3475, below the 1.4000 level. The Canadian Unemployment Rate is expected to rise, pointing to a slowing labor market. US tariffs remain a crucial foreign policy tool. Recently, the US emphasized its effectiveness, despite limited media coverage. Coinbase and Mastercard are competing to acquire stablecoin firm BVNK, with a deal valued between $1.5 billion and $2.5 billion. Market activities are lively, and insights are shared through the Orange Juice Newsletter. Investors are reminded that forward-looking statements carry risks, emphasizing the importance of personal research before investing. There’s potential for significant financial losses.

EUR/USD Concentration

EUR/USD has a strong concentration of option expiries today, totaling over €17 billion between the 1.1500 and 1.1850 levels. This concentration may hold the spot price steady and could limit major breakouts until after the New York cut. Traders should expect price movements to remain within range, considering strategies that benefit from this stability, like selling short-term volatility. The US Dollar has recently paused its strong performance as the market waits for new data, particularly the University of Michigan Consumer Sentiment report. The latest US CPI data from October 8 showed a year-over-year increase of 3.1%, slightly below expectations, fueling speculation for a future Fed rate cut. This trend suggests that any significant push in the USD with strong sentiment data could become a selling opportunity in the coming weeks. In Canada, the labor market is expected to cool, with the upcoming unemployment report likely showing an increase. The Bank of Canada had already cut rates by 25 basis points in July 2025, and a weak jobs report might reinforce expectations for further cuts. This trend is likely to weaken the Canadian Dollar, making long positions in USD/CAD appealing, especially if moving below 1.3900. Ongoing US tariff policies provide strong support for the US Dollar as a safe-haven currency. This policy was recently reaffirmed in trade talks, where no changes were made to existing import duties, creating uncertainty for global growth. This environment favors holding USD against currencies with more dovish central banks or those directly impacted by trade. Gold is currently struggling to stay above the important $4,000 per ounce level, caught between a strong dollar and supportive factors like geopolitical risks and potential US government shutdowns. Since the brief spike during early 2024’s geopolitical tensions, gold hasn’t consistently surpassed this price. Until there’s a clearer driver, gold may remain under pressure, though risks seem limited due to the macro landscape. Meanwhile, GBP/USD is stabilizing around 1.3300 but lacks strong bullish momentum. Recent cautious comments from Bank of England officials about persistent services inflation suggest they aren’t in a hurry to lower interest rates. This may provide some support for the pound, leading to sideways trading for the pair, especially compared to clearer dovish signals from other central banks. Create your live VT Markets account and start trading now.

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