As anticipated and reported during our IQ Room session last Monday (volatility setting up), volatility came back to the financial markets, sparked by the US Federal Reserve and Bank of Japan policy statements and corporate earnings reports. Gold and US Treasuries rallied, perhaps the market’s message is one of disbelief that the Fed will raise rates any time soon. Early in the week on Tuesday the Reserve Bank of Australia will release policy statement. Then later in the weekon Thursday  will be the highly-anticipated monetary policy decision and summary from the Bank of England.  It will be the second policy event since the Brexit outcome. The consensus is forecasting a 25 basis point rate cut from the current 0.50%, that would be a new record low. We also have non-farm payrolls employment data on Friday. I expect volatility to remain high around the central bank statements and the employment data.