Low interest rates in the interbank market | 09 Junio 2021

09 Junio 2021, EUR/USD

Low interest rates in the interbank market

EURUSD trading plan:

On the interbank market in London, the three-month dollar rate of Libor has renewed its historical minimum, which is negative for the American currency. The dollar has been on a downtrend for much of the last year. Traders on Tuesday sent longer-term U.S. Treasury yields to their lowest in more than a month after a report showed small business owners less confident, and narrowing the spread of a closely watched part of the yield curve. Thursday sees the policy decision by the European Central Bank, with the central bank widely expected to keep in place its ultra-loose monetary policies given the region has yet to generate inflation at anything like the levels seen across the Atlantic.

Investment idea: buy 1.2175 and take profit 1.2235.

Profit within arm’s reach

The strategy's profitability over the past year and a half was 129%. The strategy has simple and understandable rules, trading on it takes 5 minutes a day. Inside you find the level of opening positions, Take Profit and Stop Loss levels.

To ensure profitable trading, implement the FreshForex strategy today:

1) Deposit $90 or more in your trading account from June 2 to June 29, 2021. Your deposit is fully available for trading.

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David Johnson
Analyst of «FreshForex» company
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