Central banks in coordinated actions VS Coronavirus. How the Wall Street and the FX market reacts so far!?

The previous weeks were really something in the market, right. Coronavirus disrupt evertyhing and the market volatility went crazy. Intraday moves reached 800 or even a 1000 pips in one direction, mostly back as well in a same day. But, there is more to come for sure, so stay alert on all actions from theContinue reading “Central banks in coordinated actions VS Coronavirus. How the Wall Street and the FX market reacts so far!?”

Bank of Canada hold interest rate at 0.5%

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Global economic growth is strengthening and becoming more broadly-based than the Bank had expected in its JanuaryMonetary Policy ReportContinue reading “Bank of Canada hold interest rate at 0.5%”