04 December 2024: 09:30 GMT
The Officials is starting a new Currency Index, ODX™, designed to reflect the financial conditions for major energy importers in Asia. Four countries are the import leaders in the region: China, India, Japan and South Korea. ODX ™ is composed of the Chinese Yuan, the Indian Rupee, the Japanese Yen and the South Korean Won on the following percentages: Yuan 50%, India 25%, Yen 12.5% and Won 12.5%. The ODX™ is an index with an inception 100 basis set on 2 January 2024. Any subsequent rise, from that date, of the value of the US dollar relative to those major Asian oil importing currencies would lead to a rise in the ODX™. This is precisely what has happened this year.
In ‘The Officials’, Onyx Capital Advisory publishes outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.
We invite you to read our reports, which will initially be published twice a day, reflecting closing values at 16:30 Singapore time (SGT) and at 16:30 London time (GMT/BST).
For any comments, please reach out to us through the emails provided in the signed documents.
