The US Treasury is withdrawing in liquidity | 31 Desember 2020

31 Desember 2020, EUR/USD

The US Treasury is withdrawing in liquidity

EURUSD trading plan:

The US Treasury is withdrawing $164 billion in liquidity from the financial system through the placement of Treasury bonds. The volume of transactions is the maximum for the last month. This event will support the dollar in the short term. Gold prices rose for a second straight day as the dollar’s plunge to almost three year lows sent more buyers in the way of the yellow metal, which acts as an inflation hedge and alternative to the greenback. This is a positive signal for the European currency, as assets are correlated with each other.

Investment idea: range 1.2240 -1.2330.

David Johnson
Analyst of «FreshForex» company
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