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Daily thread to exchange ideas and to share your thoughts The market has been brushing aside central bank and government action for the most part over the past three weeks but with the ECB launching a bazooka and the Fed going nuclear, it is getting a bit hard to ignore the recent interventions.

A sign of the times Adding that the move is to avoid the recent turmoil that hit all asset classes and that the fund started cutting positions around 10 March and completed the move within a few days. Amid the 'sell everything' mood in the market, risk-parity trades have had a rough time:

Three solid days of gains on the trot for the Nikkei ForexLive The Nikkei closes at its highs for the day as equities are getting a boost from the US reaching a stimulus deal to combat the economic fallout from the virus outbreak.

I think that goes without saying but you never know for sure ForexLive Any last-minute hiccups is going to be a major dent for risk and market confidence, not that the reaction to the agreement so far has been overwhelmingly positive anyway.

Senate majority leader, Mitch McConnell, speaks – Measures will send direct cheques to households – Will deliver historic relief to mainstream America – Will pass legislation "later today" Again, reaching a bipartisan agreement on the matter is great but it to be done. This is something that the market expects an

Bloomberg with the headlines, citing sources familiar with the deal – The stimulus bill is to be worth more than $2 trillion ForexLive The amount for airlines syncs up with what was already at the start of last week. So far, there is no text for the agreement just yet as things are still being […]

Risk pushes higher as a bipartisan agreement in reached in Washington ForexLive The market reaction so far has been more positive with risk trades jumping across the board, as we see US futures pare earlier losses while risk currencies are pushing higher as well.

Touchdown, finally Bloomberg is reporting that a deal has been reached with Senate Democrats and Republicans on a $2 trillion stimulus plan to respond to the economic fallout from the virus outbreak, citing two people familiar with the matter.

FT reports on the matter This will mark the first cut on the deposit rate since 2015. The full report can be found . here ForexLive

S&P 500 futures fall to its lows for the day, down by 2% The S&P 500 index had a monstrous run yesterday where it posted a gain of over 9%, with the Dow also gaining by over 11% – its largest percentage jump since 1933.