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The ECB balance has updated its all-time high

The ECB balance has updated its all-time high | 12 November 2020

12 November 2020, EUR/USD

The ECB balance has updated its all-time high

EURUSD trading plan:

European Central Bank President Christine Lagarde cautioned Wednesday over expecting too much too soon from a Covid-19 vaccine. “While the latest news on a vaccine looks encouraging, we could still face recurring cycles of accelerating viral spread and tightening restrictions until widespread immunity is achieved,” Lagarde said at the ECB Forum on Central Banking. The ECB has published fresh statistics on the change in assets on the balance sheet. Over the past week, assets have increased €21.14 billion to €6.79 trillion. The ECB balance has updated its all-time high. First of all, this happened due to the purchase of government bonds of the euro zone countries.

Trading recommendation: range 1.1750 -1.1840.

David Johnson
Analyst of «FreshForex» company
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