On 11 March, there are no notable FX option expiries. Trading is expected to be influenced primarily by the prevailing risk sentiment.
Attention will shift to the upcoming US Consumer Price Index report, scheduled for release tomorrow. While the JOLTS job openings data will be available later today, it may have limited impact due to factors such as federal layoffs and the influence of DOGE.
Market Sensitivity To Broader Sentiment
With no major FX option expiries on 11 March, the market will take its direction from broader sentiment rather than specific liquidity events. This leaves price movements more sensitive to external factors, including expectations for upcoming data releases and overall risk appetite.
Tomorrow’s US Consumer Price Index report is widely anticipated, as inflation figures often shape rate expectations. Any deviation from forecasts could alter the outlook for Federal Reserve policy, causing shifts in both currency and derivative markets. Given recent economic signals, traders may position cautiously ahead of the release, with volatility in certain pairs likely to pick up as the numbers approach.
Later today, the JOLTS job openings report will be published. Ordinarily, labour market data can provide insights into employment trends, but in this case, its influence may be muted. Federal layoffs introduce a level of distortion that makes it harder to extract clear signals. Beyond that, external influences—a notable one being DOGE—further complicate interpretations. These factors combined could result in market participants assigning less weight to today’s job openings figures, choosing instead to focus on the inflation data scheduled for tomorrow.
Shifting Expectations And Price Swings
With this setup in mind, traders navigating the coming sessions should be aware that shifting expectations surrounding economic releases could lead to adjustments in positioning. Near-term price swings may be more pronounced as participants react to any surprises.
