Monthly Archives: December 2020

FED stays with rates but it will keep buying at least $120bn of debt per month

The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. Economic activity and employment have continued to recover but remain well below

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“The Essex boys” made a $660 million trade on April’s Crude Oil crash. Is this the greatest trade in history?

Bloomberg brings a story of the Essex traders lead by Paul Commins who made a $660 million profit in April when the Crude Oil fell bellow zero, to -$40 per barrel. I wrote about that fall here and I doubt there is a trader who wasn’t sow that fall. It was a historical event in the market. Well, there is

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ECB leaves rates unchanged and expands PEPP by 500 billion euros until MArch 2022. Watch LIVE Press Conference here

In view of the economic fallout from the resurgence of the pandemic, today the Governing Council recalibrated its monetary policy instruments as follows: First, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00 per cent, 0.25 per cent and -0.50 per cent respectively.

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