OctaFX | OctaFX Forex Broker
Open trading account
Back

CBOE VIX shoots higher as markets swing from gains to losses

FXStreet (Mumbai) - The CBOE volatility Index has shot up as the US Equity markets erased their gains and trade marginally lower.

The VIX now trades at 17.51, up 1.51% from today’s low of 16.93. Implied Volatilities (IVs) usually shoot higher ahead of the key events like today’s US Federal Reserve (Fed) minutes. High IVs translates into increased option premiums as investors, hedge into Calls and Puts in anticipation of a big move.

The VIX has shot up from 11.70 to 17.00 levels post the US Federal Reserve September meet wherein the policymakers revised higher their interest rate projections for 2014. Technically, the VIX is trading near a make or break level of 18.00.

VIX technical levels

VIX has a strong resistance of 18.00, beyond which it can rise to 20 and 21.48 levels. On the other hand, failure to sustain above 17.00 levels today, shall open doors for the re-test of 11.740 levels.

AUD/JPY falls to 8-week low

AUD/JPY broke below 95.00 and fell to 94.81, reaching the lowest price since August 13. The pair remains holds 95.00, under pressure.
Read more Previous

AUD/USD hits fresh daily lows

AUD/USD turned lower and retraced most intraday gains at the beginning of the New York session as the greenback gathers pace across the board ahead of the Fed minutes.
Read more Next
Start livechat