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It will be rare to see equity futures trade that is this volatile again anytime soon; the swings are strong, well backed, and literally coming out of nowhere when then hit. It may be due to triple witching, the half year, quarterly, and monthly options expiry this week, because equity prices have moved a long way since most of these contracts were written at, and there now needs to be settlement.

Whatever it is down to, the forex reaction is to stay nailed to dollar buying as equity selling takes place.