The tension has caused whipsaws in the US Dollar , and price of Gold . The IMF has declared a global recession and several countries have gone into recession.
Reputable opinion out there is that the world is heading for an economic depression based on a 50 to 75 year cycle, which is coinciding with a 10 year recessionary cycle.
I have no doubt that central banks around the world will have limited success in propping up economies. I'm more concerned for the longer term view.
Last week extreme took a break compared to the previous week. The next 2 weeks could see a return of to indices and forex markets.
Stay safe, fellow traders.