Positive dynamics of the debt market in Europe | 15 يناير 2021
15 يناير 2021, EUR/USD
EURUSD trading plan:
In euro area government bond markets, improving risk sentiment had supported a further decline in spreads of lower-rated sovereigns in recent weeks. All euro area countries could now fund long-term borrowing at, or below, rates equivalent to the GDP-weighted average of the rates on bonds of non-euro area advanced economies. Benign conditions in sovereign bond markets and increased risk appetite had also left their mark on euro credit markets. Spreads of financial and non-financial issuers had fallen further and were now approaching their pre-COVID-19-crisis levels.
Investment idea: Buy 1.2121 and take profit 1.2200.
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.
