20200323 FXTP Daily Market Update – Will the Feds announcement work?

In a word, no. It did not.

When I did todays announcement I talked about how I though Fridays close and Sundays opening may have been enough to put the fear of god into the Central Bankers, Lawmakers and Politicans. And it appears it had been when just before I started we saw a Fed announcement followed by a rise in US Indices……

….however it only took less than two hours for markets to return to where they were before the announcement. So the Dow, for example, moved up approx. 1400 points, only to reverse and drop 1400-1500 points!! Wild moves indeed!

Anyway hope you enjoy the video and you’re welcome to join me tomorrow if it helps.

Trade well,

Paul