The excess of dollar liquidity in the banking system | 28 يوليو 2020
28 يوليو 2020, GBP/USD
GBPUSD trading plan:
The Federal Reserve has published a government bond buyback schedule in the next two weeks. A high volume of transactions is scheduled for July 28, 31. The maximum volume is today. US bankers no longer apply to the Federal Reserve for short-term refinancing. The last 14 days, REPO auctions are recognized as not held due to the lack of bids - this is the maximum period this year. It is negative for the dollar, because it signals an excess of dollar liquidity in the banking system.
Trading recommendation: Buy 1.2840 and take profit 1.2900.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
