I really liked this graphic from ANZ's monthly outlook for October
Their monthly Macro Insight is titled:
"Fiscal tension is driving volatility - more to come"
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ANZ's October outlook includes 5 'hot spots' for volatility
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- investingLive European markets wrap: US-Iran 'he says, she says' drive volatility, caution
- UAE says its oil tanker was fired at by Iranian drones in the Strait of Hormuz
- Senior US official denies a US ship was hit by Iranian missiles - Axios
- Two missiles hit a US warship near Jask Island after it ignored Iran's warnings - Fars
- Iran's IRGC Spokesperson: Any vessel violating Iran's rules will be stopped by force
- USD/JPY erases the drop from the likely intervention hit earlier
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