There is a certain underlying volatility that escapes any form of explanation – Commerzbank
Month-end flows dominated markets. In the view of economists at Commerzbank, there is a certain underlying volatility that escapes any form of explanation
Choppy markets
“‘Choppy markets’ is probably the term to use for what we are seeing at the moment, or – if you want to disguise your cluelessness in a slicker manner – ‘month-end flows’.”
“Regardless of all the clever talk that we and others produce on a daily basis as a kind of background music to market events, we have to point out that there is a certain underlying volatility that escapes any form of explanation. It cannot be any different in an efficient market that always has to remain difficult.”
Author
FXStreet Insights Team
FXStreet
The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.
