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GBP/USD risk reversals surge to nine-month highs on sharp drop in Put demand

GBP/USD one month 25 delta risk reversals (GBP3MRR), a gauge of puts to calls on Sterling, have jumped to -0.95, the highest level since July 12.

Notably, the gauge has seen a near 90-degree rise from the April 1 low of -2.775, meaning the demand or the implied volatility premium for GBP put options (bearish bets) had dropped sharply this month.

Investors seem to have taken heart from Brexit delay.

GBP3MRR

 

USD/IDR Technical Analysis: 21-day SMA caps upside on Indonesian election-day

USD/IDR trades near 14,080 while heading into the European open on Wednesday, the day of Indonesian general election.
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EUR/USD: Back above 1.13, focus on Eurozone inflation and trade numbers

EUR/USD jumped to 1.13, possibly on the back of upbeat China macro data and could rise further toward the 100-day moving average (MA) resistance at 1.
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