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FED is moving quickly to limit the virus's effects

FED is moving quickly to limit the virus's effects | 02 Abril 2020

02 Abril 2020, EUR/USD

FED is moving quickly to limit the virus's effects

EURUSD trading plan:

The Federal Reserve is moving quickly to limit the virus's effects on the economy and on financial markets by slashing rate to zero and rolling out several liquidity facilities meant to keep credit flowing through markets, Boston Federal Reserve Bank President Eric Rosengren said. The Boston Fed opened a facility that lends money to banks so they can purchase assets from money market funds. Other programs being created by the New York Fed will make it easier for firms to issue debt. This is a negative signal for the U.S. currency!

Trading recommendation: Buy 1.0915 and take profit 1.0990.

David Johnson
Analyst of «FreshForex» company
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