19 Oktober 2021, EUR/USD
EURUSD trading plan:
Chinese property bonds remained firm after two major developers made coupon payments. The bond market has responded positively to comments from China’s central bank on Sunday saying that spillover effects from Evergrande’s debt problems on the banking system were controllable and that China’s economy was “doing well”. Sunac China, which has a $27.14 million payment due Tuesday, has paid its bondholders. Kaisa Group said on Monday it has paid a coupon due Oct. 16 and it plans to transfer funds for a coupon worth $35.85 million due Oct. 22 on Thursday. This is a positive signal for financial markets!
Investment idea: buy 1.1624 and take profit 1.1690.