Despite new covid19 cases in New Zealand and China and worries about the #Second_wave of covid19, Larry Kudlow, Director of the United States National Economic Council has said this time there wont be an economic shutdown in the US.


Of course this all depends on number of cases and how the situation develops. But for now its safe to say that US government is going all-in and doing everything in their power to support the ecnomy.


For us in Forex market, I think medium to long term analysis should favor more weakness in USD (from feds pumping new bills into market)
With Federal reserve helping central banks of other countries.. USD cant hold its strength much longer.

7 comments

The 2 new cases in NZ are women who came from the UK to see a dying relative. No community transmission, only at the borders. All passengers are quarantined for 14 days in govt managed contracts with hotels
How does thus QE affects Stock market of US which slowed down from past few days..?
Does this mean gold is going up??
CJ Subramanian
Does this mean gold is going up??
if $ devalues , everything paired against the $ should go up, but USA kinda controls the financial world so who knows....
CJ Subramanian
Thanks. Right now the market is absolutely crazy
yes, it's on purpose, to eat the retail traders and govt/companies moneys, crazy volatility is good only for big shark traders, in finance stability is the key. I only started trading 1 month ago and the manipulation is sickening.