The new volatility cycle: Exness’s take on why 2025’s market shocks will redefine trader expectations in 2026Perhaps no one would call 2025 uneventful, doubly so if they are an investor. What defined the 2025 volatility cycleTariffs. That’s it, the one main reason that fuelled the 2025 volatility cycle. Unlike geopolitical instability, which seemed to accelerate, global inflation started to slow from the beginning of 2025. How trader expectations have changed due to volatilityHow has this almost year-long volatility redefined traders’ expectations?