Video: Risk Swoons and Volatility Jumps but Yen Crosses Resilient
• Risk aversion was the name of the game this past session with global equities in retreat and the VIX up
• As substantial as the stock market slip was though, the sentiment was not universal
Sign up for a free trial of DailyFX-Plus to have access to Trading Q&A's, educational webinars, updated speculative positioning measures, trading signals and much more!
Selling pressure and volatility plagued the S&P 500 and global equities this past session, generating broader 'risk aversion' concerns. However, the long-awaited deleverage move doesn't yet to be evolving - at least not yet. While the VIX jumped above 15 and the stock indexes dropped globally, the pressure didn't spill over to other asset classes - with Yen crosses and EURUSD notably stable. That said, the unstable foundation is growing more and more apparent to both market participants and officials. Meanwhile, US, Eurozone and UK monetary policy bearings are keeping trend on their respective currencies. We look at the competing market themes in today's Trading video.
Sign up for John’s email distribution list, here.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.