Daily Alert – Tuesday 16th June 2020: Fed surprises with corporate bond buying
The Fed surprised the markets yesterday by announcing its Secondary Market Corporate Credit Facility – a programme to buy corporate bonds. This resulted in risk sentiment moving positive with the expected roll-on effects across global markets.
The JPY dropped on the risk sentiment and the GBP was strong as an agreement with the EU on fisheries began to look more achievable. I took a GBPJPY long.
Later today we have Fed Chair Powell in front of the Senate Banking Committee.
VIP Club members can watch the video HERE