Ed Moya - Senior Market Analyst at OANDA – Tue 6 Oct, 2020

Muted markets today on the back of Powell’s comments and possible COVID developments

Ed Moya joins me today to recap the comments made by Jerome Powell at the NABE Conference this morning. These comments are not moving markets as the sideways choppiness continues. And most likely will continue through the election. We also touch on how a COVID treatment or vaccine would impact the markets, if one is to be released in the near term.

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Comments:
  1. On October 6, 2020 at 10:15 am,
    CFS says:

    The Fed is out of tools unless it really wants to accelerate the destruction of the dollar.

  2. On October 6, 2020 at 10:17 am,
    CFS says:

    Congress will do little before the election, despite talks of a spending package.

    Trump has promised a massive tax cut on re-election, so we will get a tax cut PLUS HIGH INFLATION.