Virus, volatility and valuations

Virus, volatility and valuations

4X Global Research Fixed Income Research & Macro Strategy (FIRMS) – 27 February 2020 In reaction to the coronavirus epidemic governments across the world have enacted measures unprecedented in recent decades, including closing national borders, setting up...
Virus, volatility and valuations

Depressed FX volatility allows for few surprises

Fixed Income Research & Macro Strategy – 4X Global Global FX volatility has fallen further in the past month to its lowest level since September 2014 according to our estimate (see Figure 1). Volatility in most major currencies has either fallen or only...
What can we do about this low volatility?

What can we do about this low volatility?

A lack of investor commitment will keeps vols stuck to the floor We’ve been talking a lot in our trading room about the dropping volatility in forex markets, and what that means for our trading. With volatility at historically low levels, it’s sucking the...

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