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Breaking News | FED CUT RATES | BlackBull Markets


Breaking news Following the biggest gain in the Dow Jones yesterday The Federal Reserve have announced an emergency rate cut From 175% to 1

25% This comes in light of Managing the next "economic crisis" Federal Jerome Powell Following the RBA's Lowe To cut rates, RBA also cutting rates earlier today We've got Bank of Canada next and also the ECB in Focus all looking to manage The next crisis boosting household and consumer demand However, he did cite that this will only manage supply side scenario We also have the demand side shocks of the coronavirus Which is really weighing heavy on the market So we have seen a rally in gold off the back of these rate cuts We touched $1,641, new weekly highs So let's see if that continues But overall markets are looking at potentially reversing this move, $1632 is support

Source: Youtube

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