Federal Reserve announces extensive new measures to support the economy | Crypto Craft

  • Federal Reserve announces extensive new measures to support the economy

    From federalreserve.gov

    The Federal Reserve is committed to using its full range of tools to support households, businesses, and the U.S. economy overall in this challenging time. The coronavirus pandemic is causing tremendous hardship across the United States and around the world. Our nation's first priority is to care for those afflicted and to limit the further spread of the virus. While great uncertainty remains, it has become clear that our economy will face severe disruptions. Aggressive efforts must be taken across the public and private sectors to limit the losses to jobs and incomes and to promote a swift recovery once the ... (full story)

Added at 7:02am

  • Federal Reserve issues FOMC statement

    From federalreserve.gov

    The Federal Reserve is committed to use its full range of tools to support the U.S. economy in this challenging time and thereby promote its maximum employment and price stability goals. The Federal Open Market Committee is taking further actions to support the flow of credit to households and businesses by addressing strains in the markets for Treasury securities and agency mortgage-backed securities. The Federal Reserve will continue to purchase Treasury securities and agency mortgage-backed securities in the amounts needed to support smooth market functioning and effective transmission of monetary policy to ... (full story)

Added at 7:05am

Added at 7:08am

  • Statement Regarding Treasury Securities and Agency Mortgage-Backed Securities Operations

    From newyorkfed.org

    Effective March 23, 2020, the Federal Open Market Committee (FOMC) directed the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York to increase the System Open Market Account (SOMA) holdings of Treasury securities and agency mortgage-backed securities (MBS) in the amounts needed to support the smooth functioning of markets for Treasury securities and agency MBS. The FOMC also directed the Desk to purchase agency commercial mortgage-backed securities (CMBS). Consistent with this directive, the Desk has updated its plans regarding purchases of Treasury securities and agency MBS during the week ... (full story)

Comment Options
sadeghi
Mar 23, 2020 7:12am
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the money is raining these days.
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sadeghi
Mar 23, 2020 7:19am
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Quoting danasa
Who cares, look at your chart reading and trade! 1/3 position already taken off. I didn't event see this, I was in before the news I guess. Lesson, in this times when news cant be predicted, read the chart. {image}
this is the shock that forms the cycle and then the cycle forms the chart. you cant predict the shocks of chart.
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Jade Gate
Mar 23, 2020 7:26am
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Quoting sadeghi
{quote} this is the shock that forms the cycle and then the cycle forms the chart. you cant predict the shocks of chart.
Wrong. If you know TA, the news is ALWAYS in the chart before it becomes the news. You just need to know what to look for. And many don't.
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danasa
Mar 23, 2020 10:41am
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And now we play it backward on EURUSD, S. This time buy USD!

Tada Tada...
Attached Image (click to enlarge)
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Done for the day, Entry 1; TP. Entry 2 & 3; move to Break-even. my eyes hurts. Dont care if it comes back to hit Break-even. I am done, hit TP or B-E S/L. Bye. Thanks FED, nice profitable day +9.4%.
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Momofrmnyc
Mar 23, 2020 8:02am
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You can't keep throwing paper to a fire and expect for it go out.

The disconnect of continuously trying to prop the economy will backfire in a much bigger spectacular fashion.

Also we want to see some actual fiscal stimulus come into play. Fed has tried to intervene how many times in the past few weeks and it's literally falling on deaf ears.
diamonddbw
Mar 23, 2020 7:45am
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Technical term for this variety of movement - Shitstorm
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sadeghi
Mar 23, 2020 7:31am
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Quoting danasa
{quote} There are many ways to skin a cat...or kill a rat...or capture pips. If you trade news, good luck, our aim are the same make some dough. NO FIGHTING!
I trade based on chart and news together. rely on the one and ignoring another is wrong. anyway, i wish the best to you.
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Ojiego
Mar 23, 2020 7:05am
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Pump up the volume!!! Dance! Dance!! Dance!!! .... lolz .... and their Hegelian Dialectics are working very well!! .... smfh....
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Jade Gate
Mar 23, 2020 7:58am
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Quoting Blessed-man
The Fed should tread softly, bringing out a lot of ammunition when situation is not at extreme case is quite intriguing. Trillions of US$ to prop up the market may not fully achieve if some people are still bent on running the market.
Too late for that now. The Fed has just turned the USD into the official replacement for a much more valuable commodity...…. toilet paper.
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sadeghi
Mar 23, 2020 7:34am
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Quoting Jade Gate
{quote} Wrong. If you know TA, the news is ALWAYS in the chart before it becomes the news. You just need to know what to look for. And many don't.
I told it just based on econometric. considering chart and the news are the best policy. any which without another is imperfect.
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danasa
Mar 23, 2020 7:28am
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Quoting sadeghi
{quote} this is the shock that forms the cycle and then the cycle forms the chart. you cant predict the shocks of chart.
There are many ways to skin a cat...or kill a rat...or capture pips. If you trade news, good luck, our aim are the same make some dough. NO FIGHTING!
Reply
danasa
Mar 23, 2020 7:51am
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Quoting sadeghi
{quote} I told it just based on econometric. considering chart and the news are the best policy. any which without another is imperfect.
My dear, news takes back stage on most times since you will not even know how the whole market will react. My trade today is not based on some chart I opened this morning. Since last week, I mapped all major USD pairs on H1 and saw the hand writing that USD will sell off this week, even if mildly. So, I sold USDJPY for 4% gain before London Open, took 2% of USDCAD now of my 1/3 close and break even on the remaining 2 positions still running, so today already 6% up. Now, what does news has to do with that...
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Blessed-man
Mar 23, 2020 7:46am
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The Fed should tread softly, bringing out a lot of ammunition when situation is not at extreme case is quite intriguing.

Trillions of US$ to prop up the market may not fully achieve if some people are still bent on running the market.
Reply
Micc23
Mar 23, 2020 8:06am
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Thanks Fed for not making any announcement time beforehand. I took a bathroom break and i come back to the charts and ask What the hell just happened?
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eleste
Mar 23, 2020 10:15am
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now chinese and arabian will buy all american cheap companies
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Not-KPMG
Mar 23, 2020 9:13am
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LOL
They'll print 75 billion trash PER DAY.
Attached Image (click to enlarge)
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Gooo FED 1.5 trillion green paper this month and 1 trillion mortgages... LOL

GOOO bitcoin.

Yes, we did survey in our office .. Results
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Marcieny
Mar 23, 2020 9:42am
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I knew the good news would arrive today ... seems beautiful work day outside.
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Not-KPMG
Mar 23, 2020 3:44pm
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15000 views here.

No one liked my posts above???

Why's that??

Ohhh I know.

Imagine the buft-hurt people here, all buying stocks and all crying.

I feel sorry....NOT
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afevir
Mar 23, 2020 8:18am
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CPR, fast,
ufff it's too late,
he died
Reply
afevir
Mar 23, 2020 8:20am
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https://www.youtube.com/watch?v=EftPlut10xs
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fxx360
Mar 23, 2020 7:39am
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This will not last.
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fxx360
Mar 23, 2020 11:35am
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Told ya it would last
Reply
pridolfx
Mar 23, 2020 7:07am
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to the moon 1.08
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danasa
Mar 23, 2020 7:14am
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Who cares, look at your chart reading and trade! 1/3 position already taken off. I didn't event see this, I was in before the news I guess. Lesson, in this times when news cant be predicted, read the chart.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.PNG Size: 62 KB
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aghigh
Mar 23, 2020 7:22am
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its great for other pair )
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WaveTradeV2
Mar 23, 2020 8:03am
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Quoting Jade Gate
{quote} Too late for that now. The Fed has just turned the USD into the official replacement for a much more valuable commodity...…. toilet paper.
Not so sure about that, there is massive demand for USD at the moment (and toilet paper). This is about trying to prevent the whole system from collapsing.
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Not-KPMG
Mar 23, 2020 9:10am
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Bitcoin Halving soon.
FED printing trash

Our smart thread:
https://www.cryptocraft.com/showthread.php?p=12829101#post12829101
Reply
Not-KPMG
Mar 23, 2020 3:42pm
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Quoting eleste
now chinese and arabian will buy all american cheap companies
Wait few weeks, buy at half price
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afevir
Mar 23, 2020 7:26am
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It's not enough, now comes the strong fading
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Sahir12
Mar 23, 2020 7:09am
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omg U.S blank oooffff
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JuanTelo
Mar 23, 2020 7:13am
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Can someone explain me how this will impact the stock markets?
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Trader#565C
Mar 23, 2020 7:29am
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Quoting Jade Gate
{quote} Wrong. If you know TA, the news is ALWAYS in the chart before it becomes the news. You just need to know what to look for. And many don't.
agreed the signs are already there you just have to figure out what the chart is telling you
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BlueAngel
Mar 23, 2020 8:35am
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Just when u thought you can read the charts, it comes crashing!
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