Positive news | 20 نوفمبر 2020
20 نوفمبر 2020, GBP/USD
GBPUSD trading plan:
The Federal Reserve will conduct operations in the government bonds market, where it will buy US Treasury securities for $12.8 billion. This is the maximum volume of transactions over the past two weeks. Surplus reserves of American commercial banks have increased by $67.5 billion. U.S. Senate Republican Majority Leader Mitch McConnell has agreed to return to the table with the Democrats to try and hammer out a new COVID-19 relief package, which gives rise to hopes of a sustaining demand, rather than a fall. This is a negative signal for the U.S. dollar.
Trading recommendation: Buy 1.3260 and take profit 1.3310
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.
