There is a deficit of dollar liquidity | 22 September 2023

22 September 2023, GBP/USD

There is a deficit of dollar liquidity

GBPUSD trading plan:

Last week saw the most significant reduction in the Federal Reserve's assets in recent times, due to both a reduction in the securities portfolio on its balance sheet and a substantial $48 billion reduction in FDIC loans from the Federal Reserve. As a result, the total reduction in the Federal Reserve's assets amounted to a significant 74.7 billion. US Treasury marketable debt rose by $93bn in the week ending 20th September and by $190bn since the beginning of the month. Not only that, but significant tax payments are due in mid-September. This is a positive signal for the dollar.

Investment idea: sell 1.2290 and take profit 1.2200.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus