Fed “Put” Pedal To The Metal

Powell left no doubt that the Federal Reserve will support risk assets no matter how the virus evolves in comments after the FOMC. Bitcoin lead cryptos to hit 8950. The New Zealand dollar was the top performer while the US dollar lagged. Tuesday’s long in the...

Fed’s 50bp Cut Fails To Deliver: Dollar, Stocks Tank

The G7 conference call turned out to be a sideshow to the Federal Reserve’s decision to lower interest rates by 50bp. This unexpected move was the first intermeeting cut since the global financial crisis. While the G7 discussion probably contributed to their decision...

Central Banks Aims To Boost Market Confidence Again

Market sentiment may reach a short-period’s bottom, long USD/JPY at dip The worst stock rout since the global financial crisis showed signs of at least a pause on Monday, prompted by optimism that central banks will once again save the day. On Monday, US futures rose...

Could Coronavirus Cause Next Market Downturn?

The spreading coronavirus epidemic seems to be heading towards a Pandemic. This may result in extending exhaustion in the global equity market. The lowering Gold Futures along with lower guidance from top corporations makes the situation even more precarious than...