GBP Trading Outlook (14-02-2014)
Mover & Shaker with forex options
- Gold (XAU) has been rising steadily over the past month against the dollar. The precious metal gained 50 dollars per ounce over February as investors take risk off emerging market currencies and into safe havens such as gold. Gold is currently trading at 1289.44 dollars per ounce.
- Options traders may consider constructing a Bull Call Spread on the gold which may appreciate in case the precious metal moves higher.
- A Bull Call Spread can be constructed by purchasing an at-the-money Call and selling an out-of-the-money Call.
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