The Fed has been monitoring global markets and attempted to quell the tightening of financial conditions catalyzed by the coronavirus. The market reaction to the rate cut was rational in the opinion of analysts at TD Securities. Gold is being valued at $1641.84. Key quotes “The Fed fired two (blank) bullets in its attempt to loosen financial conditions, which ultimately removed dry-powder for a future response, and the market is still looking for more cuts.” “While some believe that the emergency cut spooked markets, we think it is more plausible that the market reaction was a rational one.” “With interest rates now closer to the zero-bound, conventional monetary policy is creeping closer to its limits, which can open the door to nonconventional policies, particularly in the midst of an election cycle.” “We think that gold — a store of value with 6,000 years of history — will appreciate significantly this year.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next IMF’s Georgieva: Coronavirus outbreak poses serious threat to world economy FX Street 3 years The Fed has been monitoring global markets and attempted to quell the tightening of financial conditions catalyzed by the coronavirus. The market reaction to the rate cut was rational in the opinion of analysts at TD Securities. Gold is being valued at $1641.84. Key quotes “The Fed fired two (blank) bullets in its attempt to loosen financial conditions, which ultimately removed dry-powder for a future response, and the market is still looking for more cuts.” “While some believe that the emergency cut spooked markets, we think it is more plausible that the market reaction was a rational one.” “With interest… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.