The Fed prints money much faster than the ECB | 26 April 2021

26 April 2021, EUR/USD

The Fed prints money much faster than the ECB

EURUSD trading plan:

The US Federal Reserve has published fresh statistics on the change in assets on the balance sheet. Assets increased by $27.8 billion over the past week. The ECB has published fresh statistics on the change in assets on the balance sheet. The indicator increased by €7.93 billion over the week, against €20.15 billion a week earlier. The growth rate has reduced to a minimum in the last 4 weeks, which is positive for the euro. Since the Fed prints money much faster than the ECB, this is a negative signal for the dollar.

Investment idea: buy 1.2082 and take profit 1.2130.

David Johnson
Analyst of «FreshForex» company
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