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.
The full statement from the Bank of England emergency action
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.
Fed's Barkin: We're working to address market problems as they become apparent
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.
BOE Bailey: Time to act was now. Can't wait for data.
New BOE Chief Baily speaking to reporters with comments BOE Bailey is speaking to reporters: The after an emergency meeting earlier today. ForexLive
Richmond Fed Pres. Barkin: US economy undergoing very significant shut down
Fed's Barkin speaks on phone interview with Bloomberg ForexLive
Boston Fed Rosengren: Expects markets to stabilize in the next week or two
Feds Rosengren speaks to CNBC ForexLive
Do you have the growth mindset as a trader? If not, get one.
It's all in how you approach your trading In her book "Mindset: The New Psychology of Success", Carol Dweck characterizes people in two general buckets.
What is the gold/silver ratio?
Unpicking the jargon Recently, s. So, what is the gold/silver ratio for those who don't know? I highlighted the gold/silver ratio and what it potentially meant for silver price
How are you feeling today, Mr Market?
The importance of gauging market sentiment 101 Having returned from Dubai where I taught around 150 people how to trade the financial markets it has reminded me once again of going over the basics of trading. One of the most foundational aspects to grasp is that of sentiment, or put simply, the mood of the […]
Sharks actually save the lives of swimmers (for real!). A piece on behavioural bias
This is an article on human reasoning fallibility as it pertains to trading/investing that is well worth a read. I found it earlier and though I'd share it: