Wow! USD bears have taken a beating today esp in the euro and cable. Ulcers central as EURUSD crashes below 1.30 level. Is ECB unleashing a QE which means the euro funding rate will be slashed? That would explain the USD mad reversal vs EUR.
EURCHF still above 1.20 cap. SNB strongly defending their cap.
This Sept watch out for crazy volatility. Safer to sit on your hands to avoid bad trades.
Vol spike on EUR$. Last such vol spike was 8/2/2012. Is the euro about to bottom or just a pause then the next sizable selloff?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!