{"id":15208,"date":"2020-03-04T07:27:12","date_gmt":"2020-03-04T06:27:12","guid":{"rendered":"https:\/\/bernstein-bank.com\/?p=15208\/"},"modified":"2020-03-04T07:38:18","modified_gmt":"2020-03-04T06:38:18","slug":"are-the-central-banks-now-taking-action","status":"publish","type":"post","link":"https:\/\/bernstein-bank.com\/en\/are-the-central-banks-now-taking-action\/","title":{"rendered":"Are the central banks now taking action?"},"content":{"rendered":"\n\n\n
\n

Gold<\/span>\u00a0 \u00a01642,47
\n(+0,06%<\/span>)<\/h4>\n<\/th>\n

\n

EURUSD<\/span>\u00a0 \u00a01,1146
\n( -0,21%<\/span>)<\/h4>\n<\/th>\n

\n

DJIA<\/span>\u00a0 \u00a026251,50
\n(+1,49%<\/span>)<\/h4>\n<\/th>\n

\n

OIL.WTI<\/span>\u00a0 47,79
\n(+1,49%<\/span>)<\/h4>\n<\/th>\n

\n

DAX<\/span>\u00a0 \u00a011827,595
\n(+ 0,05%<\/span>)<\/h4>\n<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n

On Tuesday we saw central banks start taking measures to stimulate the economy. The first bank was the Australian bank, reducing the refinancing rate by 25 basis points, to 0.5%. This was followed by the US Federal Reserve, which also reduced the interest rate by 25 basis points to 1%. The heads of G7 financial institutions promised to coordinate actions and prevent the development of problems in the global economy.<\/p>\n


\nChart of the day – Gold
\n<\/strong><\/p>\n

\"\"<\/p>\n

The situation at the ECB is a little bit more complicated. The limited threshold for the reduction of the refinancing rate does not allow for a strong turn in this direction. The head of the French central bank said that the ECB policy had already been adaptive and contributed to the stabilization of the euro area economy. If necessary, the ECB is ready to take liquidity support measures for individual banks and companies.
\nThese actions and statements certainly do not bring a momentary effect, but will be working out only in the medium term. Therefore on Tuesday the world indices show mixed dynamics. The DAX index closed on 1% plus. The S&P500 index is down by about 2%, the DOW index is down again and is also losing a little more than 2%.<\/p>\n


\nEURO
\n<\/strong><\/p>\n

Against the backdrop of lower rates in the U.S., the dollar is losing its position. The Euro is growing, but slows down significantly. If you look technically, the Euro is in the overbought zone for a certain period of time, and it is likely that we can adjust down to 1.1040. In the near future, we will be watching the ECB, which might make some adjustments to the monetary policy, which might seriously affect the current exchange rate.<\/p>\n


\nGOLD
\n<\/strong><\/p>\n

On Tuesday, gold completely recovered its position and very seriously targeted the level of $1700 per ounce. The easing of monetary policy is the best news for gold holders. With a lower interest rate, the cost of gold ownership is declining, which increases the demand for the precious metal. If the gold continues the trend, we will probably see another good momentum that will go to the level of $1670, and further $1700 per ounce.<\/p>\n


\nWhat awaits us today?<\/strong><\/p>\n

01.30 Australian GDP
\n10.30 UK PMI Composite Index for February
\n14.15 February Non-farm payrolls in the USA
\n16.00 Canadian interest rate decision<\/p>\n

\n

Important Notes on This Publication: <\/small><\/p>\n

The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Gold\u00a0 \u00a01642,47 (+0,06%) EURUSD\u00a0 \u00a01,1146 ( -0,21%) DJIA\u00a0 \u00a026251,50 (+1,49%) OIL.WTI\u00a0 47,79 (+1,49%) DAX\u00a0 \u00a011827,595 (+ 0,05%) On Tuesday we saw central banks start taking measures to stimulate the economy….<\/p>\n","protected":false},"author":37,"featured_media":13158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-15208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nAre the central banks now taking action? | Bernstein Bank<\/title>\n<meta name=\"description\" content=\"On Tuesday we saw central banks start taking measures to stimulate the economy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bernstein-bank.com\/en\/are-the-central-banks-now-taking-action\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Are the central banks now taking action? 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