The below report consists of a market overview and insight into the equities, futures and derivatives markets, and FX speculative and deliverable markets.
* Unprecedented moves with global co-ordination set to continue……and NEEDED!!
– RBNZ cuts 75bps, Fed 100bps and Q/E purchases $500bn Treasuries and $200bn mortgage back securities
– proactive stance of Central Banks and Governments will help the future recovery but dark days ahead
* DOW off 11% now just 9%, VIX 77 as global economic collapse intensifies, as COVID spreads
– Corporate credit crisis grows as cash flow dries up, Canada and France…