The role of psychology is enormous - Part 2

"Other Central Banks already follow the Fed. From general to specific. If the manipulation of the stock market is still possible for individual stocks (the so-called inside, for example), with the world's currencies it is practically impossible because of the huge volumes. For a one-time impact on the big ten currencies is needed a strength from a Central Bank (such as intervention by the Bank of Japan, the quantitative easing by the ECB, the Fed)", - says Vladimir Miklashevskii.
A recent example of excessive emotionality of the investors became market reaction to the referendum on Brexit. Very interesting is the reaction on the British stock index, as well as the so-called "fear index" S&P 500 VIX (volatility index market of the Chicago Board Options Exchange, which reflects the investors' expectations regarding the US market).