2022 has been a year for macro moves. COVID-19 problems continue. There is a land war in Europe. There are fears of economic slowdown in Europe and the U.S. caused by inflation, which has brought aggressive central bank policy into play. There is a seemingly endless supply of negative or potentially negative headlines. This brings me back to my early days in the market when I started on the CME Group floor trading FX options. I know these markets get the most interesting when there are major macro stories in the world. The first stop for me was to go to CME Group’s Volatility Index (CVOL) to view how the level of ... (full story)