The emergency rate cut move by the US Federal Reserve to shield the US economy from the impact of the coronavirus doesn’t seem to have gone down too well with the markets, as they took it as a sign that the US economy is in a panic situation. The same belief is reflected in the meltdown seen in the US stocks and Wall Street futures while the benchmark US 10-year Treasury yields hit yet another historic low below 1%. The US rates are down over 15% so far, as investors seek safety in the US Treasuries and gold. Gold prices rally over 3.50% and test the $1650 level. USD/JPY attacks 107.00, the lowest levels seen in five months. Meanwhile, the US dollar index is off the two-month lows but remains under pressure around 97.20. Further, the latest coronavirus stats from the US also seems to be exacerbating the pain in the risk/ higher-yielding assets. The US Centers for Disease Control and Prevention (CDC) reported 60 confirmed cases of coronavirus and four more deaths in the US. 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 Bank of Canada is poised to follow the US Federal Reserve – Bloomberg FX Street 3 years The emergency rate cut move by the US Federal Reserve to shield the US economy from the impact of the coronavirus doesn’t seem to have gone down too well with the markets, as they took it as a sign that the US economy is in a panic situation. The same belief is reflected in the meltdown seen in the US stocks and Wall Street futures while the benchmark US 10-year Treasury yields hit yet another historic low below 1%. The US rates are down over 15% so far, as investors seek safety in the US Treasuries and gold. Gold prices… 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.
