The excess of dollar liquidity in the banking system | 22 Julio 2020
22 Julio 2020, EUR/USD
EURUSD trading plan:
There is a negative situation for the American currency in the interbank lending market in London. The three-month Libor rate, which is the benchmark for the European market, updated the four-year low. US bankers no longer apply to the Federal Reserve for short-term refinancing. The last 11 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 1.1517 and take profit 1.1561.
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.
