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Volatility Is the First Order Concern for S&P 500, EURUSD Breakout, NFPs Impact

Volatility Is the First Order Concern for S&P 500, EURUSD Breakout, NFPs Impact S&P 500, VIX, Dollar, NFPs Talking Points:

• Risk suffered another heavy slump Thursday with the S&P 500 posting another sizable bearish gap and fueling a record breaking ATR
• The Dollar hasn’t been inspired to revert to a haven roll with EURUSD breaking heavy resistance and USDMXN extending an impressive rally
• Top event risk for Friday is US NFPs which will be distorted by volatility concerns, but a Canadian data run and Chinese Saturday releases are key

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