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