Daily Alert – Tuesday 24th March 2020: Fed’s “unlimited” bond buying promise boosts markets

Mark Nugent Daily Alert, March 2020

Daily Alert – Tuesday 24th March 2020: Fed’s “unlimited” bond buying promise boosts markets

The Fed has promised to buy “unlimited” bonds as part of their efforts to save the US economy. This has caused sentiment to improve. We see a reversal of recent price action: the USD and JPY are now falling and the AUD and NZD are rising. GOLD is also on a bit of a tear. It might be too early for equities to sustain a rally of any significance but prices are rising.

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