For EUR/USD, expirations are set at the following levels: – 1.1600 with EUR 1.2 billion – 1.1700 with EUR 1.3 billion – 1.1800 with EUR 1.4 billion For GBP/USD, expirations are: – 1.3270 with GBP 1.2 billion – 1.3300 at GBP 800 million – 1.3650 with GBP 2 billion USD/JPY has a notable expiry at 152.00, totaling USD 1.3 billion. AUD/USD expiries include: – 0.6390 with AUD 796 million – 0.6500 with AUD 680 million NZD/USD will have an expiry at 0.5965 with NZD 719 million. Lastly, EUR/GBP is positioned at 0.8690 with EUR 509 million.

Bank Of Canada Interest Rate Decision

The Bank of Canada will review September’s inflation figures to decide on interest rates. They may lower rates by 25 basis points. The global economy is showing some positive trends, although there are still concerns about deeper changes. PancakeSwap’s CAKE is under market pressure, trading below $2.90. Data shows increased profit-taking and large holders selling. Given the current market conditions, it’s important to conduct thorough personal research, as all investments come with risks. Today, October 21, 2025, significant option expirations could stabilize currency pairs in the short term. EUR/USD sees large volumes around 1.1700 and 1.1800, while there’s a major GBP/USD barrier at 1.3650. These levels may attract price movements until the New York cut. Traders should expect lower volatility around these areas in the coming hours.

Canadian Inflation Data Impact

Today’s Canadian inflation data is crucial for the loonie, influencing the Bank of Canada’s upcoming rate decision on October 29. The market expects a high chance of a 25 basis point cut, but if the CPI exceeds the forecast of 2.8%, it could challenge these expectations and lead to a significant rally in the Canadian dollar. A similar situation occurred in late 2023 when persistent inflation made central banks rethink their rate-cut plans, boosting currency value. For USD/JPY, the expiry at 152.00, with USD 1.3 billion, is significant. This level has previously prompted interventions from Japanese officials. We remember swift actions by the Ministry of Finance in 2022 and 2024 to support the yen around these levels. Therefore, holding significant short positions on the yen now carries a high risk of a sudden policy-driven reversal. The global economy is seeing some relief as it’s performing better than expected earlier this year. However, ongoing shifts suggest it’s a good time to consider strategies to profit from unexpected volatility, such as long straddles. The VIX index, currently around 14, could rise quickly with any unforeseen news. The large AUD/USD expiries are establishing a range for the currency, sensitive to China’s economic performance. Recent reports from China’s National Bureau of Statistics indicate a slight slowdown in industrial output, adding caution for the Aussie. Until Chinese data improves, any increases in AUD/USD towards the 0.6500 barrier are likely to encounter selling pressure. In more speculative markets, like crypto, we see signs of profit-taking. The pressure on PancakeSwap, where large holders are trimming their positions, reflects a general risk-off sentiment in more volatile assets. This may indicate a decreasing risk appetite in traditional markets, so traders should stay alert. Create your live VT Markets account and start trading now.

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