Something has gone snap somewhere!
That CHF futures vol spike at the beginning of Aug has cratered CHF bulls. This is why I stated $CHF was going to rally and it being an inverse of EUR$ meant that the euro would tank.
Next I spotted vol spike in GBP futures. And this one too has taken it in the chin. @mnandii - hope you are sat tight and are still holding GBPJPY shorts
GBPJPY faces resistance at 172.70, next shorting level.
Then the USD rate hike rumors doing rounds in fx. Something is coming... Suddenly like Lehman!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!