Economics

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nanningbob
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Economics

Post by nanningbob »

There she goes!! First big test for stock market. 25000 is a major support. If it breaks there its a long ways down .
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nanningbob
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Economics

Post by nanningbob »

As some of you know I’ve been following this story for 8 months now. The Federal Reserve is not only bailing out USA banks at the tune of up to 1,000,000,000,000.00 thats 1 Trillion dollars available every night. (It started last Sept. at 32 billion.) It is now opening up Repo markets for foreign banks to borrow from the Fed. What a wonderful idea. NOT!!

The Federal Reserve announced Tuesday the opening of a new repurchase agreement, or repo, facility aimed at supplying foreign central banks with US dollars.

The pool will allow monetary authorities abroad to swap US government bonds for dollars. Global demand for the US currency has soared as the coronavirus drives investors to stable assets and forces firms to shore up cash.

https://markets.businessinsider.com/new ... 1029049712
I trade http://www.stevehopwoodforex.com/phpBB3 ... =38&t=3964,
I talk about my philosophy of trading here.
http://www.stevehopwoodforex.com/phpBB3 ... =38&t=3627
"The key to converting something useful to others is simplicity. Complexity is the enemy to execution." Tony Robbins
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