The ECB will soon start reducing the bonds | 28 February 2023

28 February 2023, EUR/USD

The ECB will soon start reducing the bonds

EURUSD trading plan:

Banks are becoming the leading buyers of some euro zone governments' bond sales, taking advantage of surging interest rates as the European Central Bank looks to reduce its presence in the market. Euro zone governments need private buyers to pick up some 400 billion euros of additional debt this year. Funding needs remain high, while the ECB, a huge buyer in recent years, will soon start reducing the bonds it holds on its 8 trillion-euro balance sheet as it tightens monetary policy to contain inflation.

Investment idea: buy 1.0577 and take profit 1.0650.

Do you want to earn on your forecast?

Join our community on Instagram or Facebook! Every week we give $50 to the trading account to the authors of the most accurate forecasts. The giveaway has already started! Forecasts are accepted until 20:00 GMT February 28.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus