OANDA Japan warns traders of high volatility in precious metals markets
OANDA Japan Inc, a subsidiary of online broker OANDA Corporation, today issued a warning to traders regarding increased volatility in the precious metals market, particularly in silver (XAG/USD).
As a result, spreads have widened, making the market unpredictable. Liquidity in the interbank market has also declined significantly.
Funding rates are also fluctuating wildly and are difficult to predict. Therefore, margin requirements for precious metals CFDs offered by the broker, particularly XAGUSD, may be adjusted without notice due to worsening market conditions. Please manage your capital carefully.
Depending on the condition of the underlying asset market, OANDA Japan may temporarily suspend trading of commodity CFDs, particularly silver (XAGUSD), to protect client capital.
In these circumstances, the broker strongly encourages clients to seek out reliable financial news and closely monitor funding rates and margin requirements for all precious metal transactions.