The Australian Dollar (AUD) hit three-year highs as sticky inflation fueled bets on further RBA rate hikes. The US Dollar (USD) faced pressure following President Trump’s State of the Union address and tariff uncertainty.

Nvidia failed to clear key resistance at $200 following its latest results, suggesting a potential pullback. A looming dispersion unwind and $137 billion in Treasury settlements may now trigger higher market volatility.

The Volatility Index has climbed steadily since December, yet this rising market anxiety remains largely overlooked by investors. This persistent upward trend suggests hidden risks may soon trigger a sudden volatility spike.