The Euro initially tried to rally during the trading session on Friday, reaching as high as 1.08 and above.

Fed launches more measures to support the economy and transmission of monetary policy For starters, the Fed will purchase $75 billion of Treasuries and $50 billion of agency MBS each day this week. The Fed is practically going to reach the point where they will be buying everything in the market at this stage. The […]

Full text of the Federal Reserve announcement . The Federal Reserve is committed to using its full range of tools to support households, businesses, and the U.S. economy overall in this challenging time. The coronavirus pandemic is causing tremendous hardship across the United States and around the world. Our nation's first priority is to care

This move is unprecedented The Fed is buying everything. Today's announcement is unprecedented in both size and scope. It is a complete perversion of market functioning and a nuclear bomb more than a bozooka.

Bank of Israel joins the party New Zealand launched QE earlier today. Neither central bank will be the last. It's getting tough to keep up with the scale of monetization. And as we learned in the last financial crisis, once a bank starts QE, it's tough to get away from it.

Interesting headline Corporations who defer interest payments in new lending program will not be allowed to buyback shares or pay dividends. The Fed isn't supposed to be able to take credit risk but they're working with the Treasury so the government takes the losses if/when they come.

<p>Market sentiments take a u-turn today after Fed surprised the markets with another emergency announce. Now, the targets for asset purchases are removed and Fed is going into QE unlimited. US futures turned from limit down to positive while major European indices pared back much of earlier losses. The reaction in the forex markets is [&hell

<p>Bundesbank said in its monthly report that the country is “facing previously unknown challenges as a result of the rapidly spreading coronavirus pandemic”. On the economy’s side, the “slide into a pronounced recession could not be prevented”. And, “economy recovery would only start when than pandemic ris

<p>Fed announced a new round of aggressive measures to support the US economy against coronavirus pandemic impacts. In particular, Fed will purchase bonds to keep borrowing costs low without specifying a limit. There will also be programs to ensure credit flows into businesses and governments. Fed said it will buy treasuries and agency mortga

<p>US 500 index (Cash) gapped today underneath the inside swing low of 2,273 reaching a multi-year low of 2,183.95 before buyers surfaced, steering the price back up towards the 2,350 area, where the flat Ichimoku lines are located. The short-term oscillators, although negative, reflect some strengthening in positive momentum. The MACD, in th