Forex EUR/USD Daily Video, March 03, 2020

[minimax]

Fed cuts rates by half a percentage point to combat coronavirus slowdown

Fed cuts rates by half a percentage point to combat coronavirus slowdown

Markets had been widely expecting the U.S. central bank to take some type of action, with anticipation of a 50 basis point cut by the next Federal Open Market Committee meeting later this month.

www.cnbc.com

 

[Tryingtrader]

How fortunate... They were looking for a good excuse to cut rates - even though it makes no sense. After all The Donald has MAGA!! (or not!).

 

[Brett Reynolds]

I am all ears...

Honestly, i have never seen such a 'Bigger scam' in the Markets than what we have seen over this last week! Cutting Interest rates..on the back of an excuse of this 'Fantasy' Virus! The News agencies in 'Project Fear' Overdrive! It's all been 'created' and used as an excuse to cut interest rates again because the debts' are just mounting..!

 

[Sive Morten]

Honestly, i have never seen such a 'Bigger scam' in the Markets than what we have seen over this last week! Cutting Interest rates..on the back of an excuse of this 'Fantasy' Virus! The News agencies in 'Project Fear' Overdrive! It's all been 'created' and used as an excuse to cut interest rates again because the debts' are just mounting..!

Yep. I also have big suspicion that this is artificial background to make some dirty deeds. No logic, even from epidemic point of view. In US just few cases, while in Core EU few hundreds or even thousands. Fed cut rate, ECB does nothing and EUR is rising... great.