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Lack of clear funding arrangements for eurozone economy pressures on EUR / USD



Fear has big eyes. Many banks and investment companies present the long-term prospects for the US dollar bleak for two reasons. First, a tremendous fiscal stimulus will lead to an increase in the budget deficit and public debt, which will worsen the financial condition and increase the risks of a new crisis. Secondly, huge monetary expansion will contribute to the inflation of the Fed, and an excessive supply of money, as you know, leads to a decrease in their value. In fact, reality has repeatedly proved the fallacy of various theories. Will the same thing happen this time?


Views: 38 | Added by: mik | Date: 24.04.2020 | Comments (0)


Events today:

15.30 Moscow time USA: March change in volume of orders for durable goods.

EURUSD Forex pair forecast today 04/24/2020

The positive situation in the interbank lending market indicates the development of an uptrend in the EURUSD pair. In London, there is a trend towards lower interest rates on loans in dollars and an increase in interest rates on loans in euros. In New York, for the last three days at the REPO auctions, the Federal Reserve received applications from commercial banks in the amount of $ 0.8 billion, which is the minimum level for the last 4 weeks. This trend indicates the absence of problems with dollar liquidity in the banking system, which will contribute to lower quotes of the American currency. The rally in gold will provide additional support for the euro, as the European currency and precious metal correlate with each other.

EURUSD recommendation: Buy 1.0755 / 1.0730 and take profit 1.0820



Views: 36 | Added by: mik | Date: 24.04.2020 | Comments (0)

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