Good news and bad news | 29 سبتمبر 2020
29 سبتمبر 2020, EUR/USD
EURUSD trading plan:
The impact of the coronavirus pandemic is still being felt across the euro area. ECB continues to stand ready to adjust all of its instruments, as appropriate, to ensure that inflation moves towards its aim in a sustained manner, in line with its commitment to symmetry. This is a negative signal for the European currency. The growth rate of the US money supply has been accelerating for the third week in a row. The growth rate has renewed its historical maximum and is 24.7% y/y. The Fed has never printed money at this rate in history. This is a negative signal for the dollar.
Trading recommendation: range 1.1630 -1.1710
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.
