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Market Review October 21, 2014

October 21th, 2014


After last week’s bearish sentiment, the markets have found a floor. They have started to regain some of their losses, with Nasdaq and S&P both heading higher by around 1% in a volatile session.

The market’s sentiment is housing ever-growing volatility, with the Vix – also known as the fear index – growing from levels of 10 to a yearly high of 20. It looks like the market will continue to move aggressively on an intraday basis.

Key market data today:

8:55 – Australia – Central bank governor speech.
14:-00 – U.S Existing home sales
23:50 – Japan – Merchandise trade balance