OPEC related leverage reduction on Oil

Oil prices have become strongly affected by political decisions and rumors recently, resulting in a significant increase of volatility and heightened probability of large price gaps. The bank expects nervous market reactions to any decision of upcoming OPEC session. In order to reduce risks, particularly the possibility of negative equity, Dukascopy Bank is temporarily reducing leverage on oil CFDs (BRENT.CMD/USD, LIGHT.CMD/USD and DIESEL.CMD/USD) to 1:10.

The leverage reduction measure will be applied in two steps:
o For clients with no open positions in the instruments concerned the change will be done today (Wednesday. 8.04.2020) at 15:00 GMT.
o For clients with open exposure in any of the three instruments named, the reduced leverage will come into force on Thursday 9.04.2020 at 7:30 GMT.

We invite all traders with open positions in the instruments concerned to evaluate if additional measures such as reducing their exposure or addition of funds is needed.

The reduced leverage will stay in force until further notice.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.

Please Enter Your Email Address:




Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Latest

Act fast to stop UK carbon emission rebound, climate advisers urge

The UK is falling behind on its target to cut greenhouse gas emissions and risks a surge in carbon emissions as lockdown eases, the...

‘Seeing the trees being ripped down is really hard’: meet a father and son protesting against HS2

Attach it to the edge," instructs Seb. "What I recommend you do is..." replies Larch. As they pass each other tools and hold up...

Air conditioning curbs could save years’ worth of emissions – study

Up to eight years' worth of global greenhouse gas emissions could be prevented over the next four decades by setting tougher standards for air...

Japan. Trading Schedule for March 20, 2020

Dear clients, In connection with the holiday in Japan (Vernal Equinox Day) on March 20, 2020, the trading schedule has been changed for the following...

‘Tip of the iceberg’: is our destruction of nature responsible for Covid-19?

Mayibout 2 is not a healthy place. The 150 or so people who live in the village, which sits on the south bank of...