No action in equities, feeding into FX.... and killing trading appetite..

Well the last week has seen volatility shrink. As most swing or day traders will probably agree, trading isn't fruitful in such times (except oil traders or scalpers generally?).

Big investment banks trading floors have seen volumes collapse in recent weeks after the high vola spring.

I'm not sure it has anything to do with the world cup, as the mornings should be business as usual. 

Maybe it has more to do with the CDS market having calmed down. I believe a lot of impulses were coming from there. Spreads exploding would feed into EUR fx rates and bank shares and from there into the index futures and ETFs....

That's just me brainstorming myself.  No trades. I am starting to get interested in EURCHF as I find the actions of SNB completely incomprehensible. They seem to have stated that the strong swiss economy isn't being impacted by CHF strength for the time being.

So why the hell take on 70 or more billion EUR... God help them if we see the world go into double dip in Q3. That will dwarf the UBS stability fund exposure they took on during the financial crisis.