VIX Says the S&P 500 Is a Sitting Duck Ahead of NFPs, EURUSD Volatility Stoked by Fed Forecasts

Rate expectations seem to be taking the lead as the first major theme to worry global traders minds’ in 2023. Speculation around the Fed’s bearings drove the Dollar higher this past session, but the S&P 500 kept its range in check. Will the NFPs override the lowest ‘volatility of volatility’ reading in years?