Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
10 Feb 2020

Gold one-year risk reversals hit lowest since June

  • Demand for gold call options has weakened over the last four weeks, risk reversals indicate. 
  • One-year risk reversals have dropped to multi-month lows despite coronavirus fears. 

Gold one-year risk reversals, a gauge of calls to puts on the yellow metal and a barometer of positioning and sentiment, fell to the lowest level in eight months on Monday, indicating a weakening of demand for the call options or bullish bets. 

The risk reversals declined to 3.125, a level last seen on June 21, having topped out at 4.425 in the first week of January, when the US-Iran tensions had triggered a flight to safety and put a haven bid under gold. 

The yellow metal is currently trading at $1,570, having hit a high of $1,611 on Jan. 8. The markets have been recently roiled by coronavirus and fears of a sharp slowdown in China's economy.  

So far, however, that has failed to invite stronger demand for call options on gold, as indicated by the slide in the risk reversals. 

A call option gives the holder a right but not the obligation to buy assets at an agreed price on or before a particular date. A put option is the right to sell. 

A negative risk reversal indicates the premium claimed by puts (or demand) is higher than that for calls. 

XAU1YRR

Feb 10, 2020

Australia, Indonesia seal free trade deal – Associated Press

In a joint press conference on Monday, the Australian PM Morrison and Indonesian President Joko Widodo announced that an historic trade deal between b
Read more Previous
Feb 10, 2020

AUD/USD Price Analysis: Rises above 0.67 as S&P 500 futures turn positive, teases bull RSI divergence

The buying interest around the Australian currency is gathering pace with signs of a positive turnaround in the US equity index futures. The AUD/USD p
Read more Next