Wednesday, 2 October 2019

VIX Surges Above 20 on Recession Fears, Gold Jumps & Stocks Drop

Recession fears are back on the rise and provided traders with a fresh dose of volatility to start 4Q19 with the VIX Index climbing above 20 while gold prices jump and the S&P 500 Index drops.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...