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  • Federal Reserve Board announces an extension through December 31 of its lending facilities that were scheduled to expire on or around September 30

    From federalreserve.gov

    The Federal Reserve Board on Tuesday announced an extension through December 31 of its lending facilities that were scheduled to expire on or around September 30. The three-month extension will facilitate planning by potential facility participants and provide certainty that the facilities will continue to be available to help the economy recover from the COVID-19 pandemic. The Board's lending facilities have provided a critical backstop, stabilizing and substantially improving market functioning and enhancing the flow of credit to households, businesses, and state and local governments. Each facility was created ... (full story)

Added at 9:38am

  • The Fed is extending its lending programs until the end of the year

    From cnbc.com

    The Federal Reserve said Tuesday it is extending its menu of lending programs to businesses, governments and individuals to the end of 2020. Originally set to expire Sept. 30, the myriad facilities, stretching from credit to small businesses up to the purchase of junk bonds now will stretch to Dec. 31. The Fed began rolling out the initiatives as market functioning broke down in March. A lack of liquidity stemming from fears over the coronavirus crisis froze markets and pushed the Fed into various credit facilities ...
wow. something about money printerrr goes brrr? what's the saying? Jpow keep pumping broooo you're my hero
impact on usd??
this is good or bad news for usd ?
Quoting BaliBoyz80
this is good or bad news for usd ?
TRANSLATION:

We are going to keep printing USD morning, noon and night until the world is flooded in dollars.

Now what do YOU think that does to the price of the dollar?
...because you never know - until you do!
  •  Guest
  • | IP XXX.XX.229.54
killing the king
Quoting fxsport
{quote} TRANSLATION: We are going to keep printing USD morning, noon and night until the world is flooded in dollars. Now what do YOU think that does to the price of the dollar?
so, only usa printing money ? other country not printing money too ?
Quoting fxsport
{quote} TRANSLATION: We are going to keep printing USD morning, noon and night until the world is flooded in dollars. Now what do YOU think that does to the price of the dollar?
Everything tends to do a surprising and unexpected turn recently.
Lesson: What looks good, turns bad and what looks bad, turns good.
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
I think J. P. will be quite hawkish tomorrow.
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
Quoting NotAtrader
{quote} Everything tends to do a surprising and unexpected turn recently. Lesson: What looks good, turns bad and what looks bad, turns good.
Because there is no flow atm. All the big players are on holiday.

It’s all retail chop
EUR is new king now!
  •  Guest
  • | IP XX.XXX.14.170
flooding the market will always reduce the effect and cost of the dollar. i believe that based on this development the $ is going to free fall. Gold is going to touch 2500 soon and that is being just tender....
Quoting Guest
flooding the market will always reduce the effect and cost of the dollar. i believe that based on this development the $ is going to free fall. Gold is going to touch 2500 soon and that is being just tender....
Sound logic. But there are no hard fast fast rules nor relationships. You'd be better noting the obvious relationships, then note ballooning open interest from participants positioning in line with the obvious and then going with any momentum against them.

Trade like an economist and expect to be dissapointed.
So does it mean gold will still in bull and have big chance to reach 2000? because of the fed keep printing dollar?
correct me if i'm wrong. i'm still learning all this forex and economic thing. Haha sorry
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  •  Guest
  • | IP XX.XXX.145.223
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  • Story Stats
  • Posted: Jul 28, 2020 9:35am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 13  /  Views: 15,193
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