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US money supply renewed its all-time high

US money supply renewed its all-time high | 21 Septiembre 2020

21 Septiembre 2020, EUR/USD

US money supply renewed its all-time high

EURUSD trading plan:

We are expecting the uptrend to continue. Federal Reserve planning to hold interest rates near zero until at least 2023 and Congress working on another fiscal boost, a pocket of the debt market is starting to see consumer prices modestly over 2% in years to come. In the United States, M2 money supply renewed its all-time high and reached $ 18.57 trillion. Over the past week, the figure increased by $ 112.2 billion, against $ 78.5 billion a week earlier. The accelerated growth of the money supply will have a negative effect on the US dollar.

Trading recommendation: Buy 1.1847 and take profit 1.1901.

David Johnson
Analyst of «FreshForex» company
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