These are very volatile times with many factors influencing the Market simultaneously.
- FED did not signal more than 3 rate hikes this year
- UK officials are still having “Brexit” talks
- President Trump threatens China with a possible Trade War and China responds firmly
- Facebook looking vulnerable over data privacy breach talks
All these factors caused a spike in the VIX, confirming very volatile times, as it did previously in the beginning of February when global Indices started falling.
VIX – Monthly Chart:
The bullet-point in focus is of course is the one which would affect the global economy, which is Trump vs China topic.
Question which most are asking themselves:
If the situation would continue to escalate, how would that possibly affect metals and the European Zone?
Technical Analysis – Overview
DXY – 2H:
XAU/USD – 2H:
XAG/USD – 2H:
EUR/USD – 2H:
GER30 – 2H:
CAC40 – 4H:
Many pips ahead