The Fed has published fresh statistics | 09 April 2021

09 April 2021, GBP/USD

The Fed has published fresh statistics

GBPUSD trading plan:

The US Fed has published fresh statistics on the change in assets on the balance sheet. Over the past week the assets increased by $19.8 billion due to the purchase growth of Treasury bonds. It's impossible to pass over the dynamics of “currency swaps” of the Fed with other world central banks — the indicator has declined to $0.87 billion, which indicates that there are no problems with dollar liquidity in the global financial system. These factors are negative for the US currency rate.

Investment idea: buy 1.3690 and take profit 1.3780.

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David Johnson
Analyst of «FreshForex» company
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