U.S. Treasury yields dived to one-month lows | 19 April 2021

19 April 2021, GBP/USD

U.S. Treasury yields dived to one-month lows

GBPUSD trading plan:

U.S. Treasury yields dived to one-month lows. The US Federal Reserve has published fresh statistics on the change in assets on the balance sheet. Assets increased by $84.2 billion over the past week, against $19.8 billion a week earlier. The rate of asset purchases quadrupled due to an increase in purchases of treasury and mortgage bonds. This is a negative signal for the US currency as there is a strong relationship between the Fed's balance sheet and the dollar. An uptrend in the oil market will have a negative impact on the value of the dollar, as the assets are correlated with each other. OPEC raised its forecast for oil demand by 190 thousand bpd to 96.46 million bpd.

Investment idea: buy 1.3825 and take profit 1.3885.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus