Volatility Report – January 23, 2024
Volatility remains significantly low across the currency board
Commodity markets seem quiet as well, oil exhibits more volatility than metals
US indices in the middle of volatility range, JP225 and Bitcoin are rather hot
The recent range-trading in most major currency pairs has caused their expected volatility to drop to relatively low levels. That said, there are several central bank meetings coming up, which could help reignite FX volatility
In the commodity space, volatility of gold and silver continues its downward move despite the decent weekly price changes. In contrast, oil prices have been slightly more volatile than those of precious metals, but still in the lower end of their volatility range.
Turning to risky assets, the implied volatility of most stock indices is neither high nor low. Interestingly, the JP 255 index’s volatility has spiked to its highest levels in a month as the index has been posting consecutive all-time highs in the latest sessions.
In the meantime, the much-touted spot-Bitcoin ETF approval has resulted in a massive selloff for the king of cryptos, with its volatility surging to the top of the 30-day range.
We have prepared a video and a guide detailing the Volatility Report's structure and importance.Please see the following reportRelated Assets
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