Gold risk reversals - downside bias strengthens

Risk reversals show a rise in demand for puts (bearish bets).

Gold (XAU/USD) one-month 25 delta risk reversals (XAU1MRR) are being paid at 0.175 XAU puts vs. 0.125 XAU puts yesterday and 0.225 XAU calls on March 7.

The data shows the implied volatility premium for XAU puts (bearish bets) has increased substantially over the last few days and currently stands higher than the implied volatility premium for XAU calls (bullish bets) - a sign the bearish bets are in demand.

XAU1MRR

Mar 13, 2018

NZD/USD refusing to let go of 0.73 handle as US inflation looms

The NZD/USD has edged higher in the Asia markets, trying to extend past the 0.7300 handle. The pair ended Monday flat after spiking to a high of 0.732

UK’s Annual Budget release preview - Barclays

The Barclays Research Team is out with their expectations on the UK’s Spring Statement, also known as the annual Budget release, due later today at 11