17:00 MSK. USA: The volume of home sales in the secondary market
The forecast of the euro dollar pair EURUSD today 20/03/2020
dollar basket index set on the eve of a three-year high and now there are several reasons for the decline of the dollar, which in turn have a positive impact on the euro quotes. US banks on Thursday as part of overnight operations, the Fed took 72.89 billion dollars against 98.99 billion the previous day. For example, on Tuesday asked banks 152.75 billion dollars. The demand for money from the banks is reduced. This factor indicates the stabilization of the money market in the US - acute money problems are no more. The money market in London, the demand for dollars is still high - LIBOR rate as day, and at 3 months (the most popular loans from banks) is still several times higher than in New York. This is a negative signal, but there is a good factor. Fed, understanding the problem of shortage of dollars outside the United States, on Thursday announced a currency swap contracts with a number of the Central Bank of the developing countries. It is from this group were the highest bid for the US currency this week. Against this background, reducing demand for the dollar from banks will allow the euro to show the correction.
EURUSD recommendation: Buy 1.0700 / 1.0670, and take profit 1.0790