EURUSD and VIX Exude Volatility But Not Conviction Heading into Fed Hike

The release of the US CPI update this past session proved as market-moving as could have been expected, but the volatility isn’t projecting trend. From a collapse in the VIX despite a massive intraday reversal from equities and EURUSD edging up to the next level of resistance, there are many different possible outcomes.