What's Going On in the Currency Markets?

The video discusses the Euro Dollar's unexpected trends despite risk-off moves, exploring factors like Brexit and Eurozone data. It highlights the clearing of Euro shorts and the reduced impact on Euro's rise. The linkage between Brexit and Euro is examined, noting potential market impacts. The role of central banks in currency markets is analyzed, questioning their influence. Market positioning's effect on volatility is discussed, with data showing increased volatility without directional prediction. The Federal Reserve's narrative is critiqued, suggesting a disconnect with global economic views.

What does the speaker suggest about the current state of central banks and their influence on currency markets?

What does the speaker imply about the volatility in heavily positioned markets?