The excess of dollar liquidity | 19 أغسطس 2020

EURUSD trading plan:

In the interbank lending market, rates on dollar loans are starting to low again, it will negatively affect the value of the American currency. The three-month dollar Libor rate is below 0.27%. This indicates a surplus of dollars. The range of dollar rates set by the US Federal Reserve is 0-0.25%. US bankers no longer apply to the Federal Reserve for short-term refinancing. The last 27 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 1.1929 and take profit 1.1980.