The slide of long-term U.S. Treasury yields | 05 أغسطس 2020
05 أغسطس 2020, GBP/USD
GBPUSD trading plan:
The slide of long-term U.S. Treasury yields is a good signal for the British currency. Real negative interest rates in the United States are forcing investors to increase their long positions in the British currency. The three-month dollar Libor rate is below 0.25%. This indicates a surplus of dollars. The range of dollar rates set by the US Federal Reserve is 0-0.25%. If the interbank rate is within the range, then this indicates an excess of dollars, which is negative for the value of the American currency.
Trading recommendation: Buy 1.3084 and take profit 1.3137.
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.
