Blogs

Fed's Barkin speaks on phone interview with Bloomberg ForexLive

New BOE Chief Baily speaking to reporters with comments BOE Bailey is speaking to reporters: The  after an emergency meeting earlier today. ForexLive

Comments from the Richmond Fed President to Reuters There's nothing particularly notable here, no one is looking to Barkin for strategy on testing. It's clear the Fed won't let anyone fail. They'll take any collateral and lend in any amount.

Bank of England increases QE and lowers rates. The full statement from today's emergency meeting The role of the Bank of England is to help to meet the needs of UK businesses and households in dealing with the associated economic disruption.

Breaking news from the BOE The BOE lowers rates to 0.10% from 0.25%. The BOE says it will increase holdings of government bonds (new  QE).  The vote was unanimous and the MPC says it will do more if necessary.

Reuters report The Bank of England says it will hold an extraordinary meeting today. ForexLive

These are certainly strange and uncertain times as of late COVID-19 has wreaked havoc across the globe with over 204,000 cases reported worldwide and over 8,000 deaths.

My previous post was:  What limit up means and what is happening now …. Limit up means the contract is not allowed to move up more than 5% in overnight 

Trade continues in forex despite the closing of futures tade due to limit locks  (its not actually closed, I explained here: )  US equity futures circuit break triggered – ES limit down

When can you catch a bounce?   I came across a thought provoking article on Market's Live Blog this am on the S&P500 futures chart. The piece was suggesting that some buyers might be buying S&P500 futures this am on the premise that after four big down days then a correction is due. Here was the […]