23 September 2019, EUR/USD
EURUSD trading plan:
We are expecting the downtrend to continue. The liquidity crisis in the US banking system signals a high demand for the dollar. At the start of the week, interest rates in the $2.2 trillion repurchase agreement, or repo, market, which banks and Wall Street dealers rely on for daily cash to fund loans and trades, were surging. As repo rates rocketed higher to levels not seen during the global credit crisis in 2008, so did CP rates. U.S. central bank began pumping billions in temporary cash into the financial system. Since Tuesday, it has injected over $200 billion via overnight repo operations.
Trading recommendation: Sell 1.1028 and take profit 1.0989.
en 
cn 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 