31 мая 2021, EUR/USD
EURUSD trading plan:
The gap between Italian and German bond yields was at its narrowest in a fortnight, as dovish messaging from the European Central Bank continued to support Italian debt. Italian bonds have been a key winner of dovish ECB commentary since last week, led by President Christine Lagarde, who said it was too early for the central bank to discuss slowing its pandemic emergency bond purchases. The closely watched Italy-Germany 10-year bond yield spread fell to the lowest in over two weeks at around 110 bps. With euro zone countries having racked up debt to combat the economic impact of the COVID-19 pandemic, ECB support is seen as crucial, especially for countries such as Italy that came into the crisis with a heavy debt load.
Investment idea: buy 1.2175 and take profit 1.2215.