Volatility (VOLX) has been moderate recently but yesterday saw the first major rise since 2 October. While the rise yesterday was ultimately quashed, we see it returning today. The reason is obvious – ugly COVID statistics from Europe.
Looking at the chart, traders may notice a similarity to late August when initial bursts of volatility were quelled but eventually it soared with VOLX rising some 40% in the course of just few days.
Agricultural commodities retreat📉
US OPEN: Market Cornered After Jackson Hole
Hostility in the Gulf is pushes oil & gas up🔥
European gas continues to climb 🔥📈