Gold risk reversals shed bullish bias, turns neutral

Omkar Godbole FXStreet Contributor

The one-month 25 delta risk reversals gauge has shed bullish bias, which indicates that gold's repeated failure to scale the $1300 mark has not gone down well with the investors.

Risk reversals

The risk reversals adopted bullish bias on Nov. 9 but quickly topped out at 0.225 on Nov. 10. Currently, it stands at zero (neutral).
Bulls need progress soon, i.e. prices need to break above $1300 else the risk reversal gauge could turn negative, highlighting the increased demand for gold put options (bearish bets).

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

GBP/USD remains slightly bid near 1.3300

GBP/USD now advances marginally and manages to dispute the 1.3300 region on Tuesday. Indeed, Cable regains some balance on the back of the lacklustre performance of the Greenback, all preceding the Fed’s meeting on Wednesday and the BoE’s gathering on Thursday.

EUR/USD recedes from tops, back below 1.1400

EUR/USD manages to set aside part of the recent weakness and clinches decent gains on Tuesday. Indeed, spot keeps the trade below the 1.1400 mark amid acceptable losses in the US Dollar, all following rising optimism of a US-Iran deal and steady caution prior to the FOMC gathering on Wednesday.

Gold defends $4,000; awaits FOMC amid fresh Iran risks

Gold is consolidating above $4,000 as traders opt to wait for the crucial FOMC decision due later this Wednesday for more cues about the Fed's future policy path. The outlook, in turn, will influence the US Dollar and provide some meaningful impetus to the non-yielding bullion. In the meantime, the risk of resumption of US-Iran hostilities continues to remain a drag on the bullion, as Oil prices find fresh demand.

Bitcoin faces muted activity as BitMEX shutdown, FOMC uncertainty weigh on sentiment

Bitcoin eased below $64,000 on Tuesday as traders navigate exchange shutdowns and heightened uncertainty ahead of the Federal Reserve’s policy meeting, according to K33. In a report on Tuesday, K33 noted that BitMEX's decision to shut down marks the end of an important chapter for the crypto derivatives market.

WTI rebounds from two-week low, well bid around mid-$81.00s amid Iran risks

West Texas Intermediate – the benchmark US Crude Oil price – gains strong positive traction during the Asian session on Wednesday, snapping a three-day losing streak to an over two-week low touched the previous day. The commodity currently trades around mid-$81.00s, up nearly 4% for the day, amid the risk of resumption of US-Iran hostilities.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.