Thursday, 24 February 2022

VIX Soars on Geopolitics, but ‘Buy the Rumor, Sell the News’ May Lead to Reversal

VIX briefly spikes to the highest level since late January after Russia takes action on Ukraine, but volatility could ease in the near term if sentiment improves, and risk assets begin to recover.

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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...