Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Urban studies: Doing research when every city is different 
Stock Futures Dip as Investors Await Key Payrolls Data 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Wall Street Analysts Weigh in on Latest NFP Data 
Gold’s rallies have been eventful trading sessions in the recent past to wrap-up 2018 (almost over 4.77% spike in the last month), gold price in the major trend has gone into the consolidation phase.
Technically, the major trend resume consolidation phase after the formation of hammer patterns at the double top neckline (refer monthly plotting). As a result, the current price on this timeframe, has spiked above EMAs with most likely bullish crossover. Both RSI and stochastic curves, also converge upwards to the upswings.
Bullish neutral risk reversals are observed in gold’s OTC hedging market, while positively skewed IVs of 2m XAUUSD options have been stretched out on either side.
This is interpreted as the mounting hedgers’ bids for OTM calls options.
Well, on hedging grounds, keeping topsy-turvy underlying sentiment under consideration, XAUSUD ATM straddles are advocated, while the strategy comprises of at the money +0.51 delta call and at the money -0.49 delta put options of 1m tenors at net debit with a view of arresting potential FX risks on either side.
On trading perspective, bidding bullish neutral risk reversals, buying (1%) in the money gold call options are advocated, an in the money call with a very strong delta would move in tandem with the underlying XAUUSD move.
Currency Strength Index: FxWirePro's hourly USD spot index is inching towards 37 levels (which is bullish), while articulating (at 05:38 GMT).
For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex
