The ECB has published fresh statistics on the change in assets on the balance sheet. Over the past week, the figure rose by €16.6 billion, against a decrease of €2.2 billion a week earlier. Therefore, the total for two weeks amounted to €14.4 billion.

The head of the ECB Christine Lagarde in October promised to reduce the rate of asset purchases and so far keeps her promise, inasmuch as in previous months the balance increased weekly by about €40 billion in two weeks. This is a positive signal for the European currency, inasmuch as it was the large-scale emission of the euro by the ECB that contributed to the devaluation of the currency.

Trading recommendation: buy 1.1569/1.1545 and take profit 1.1612.