The ECB has published fresh statistics on the change in assets on the balance sheet. The indicator has renewed its historical maximum again, which is expected, inasmuch as the head of the ECB Christine Lagarde announced in the middle of last month that the monetary regulator would aggressively print money to buy back assets until the end of the third quarter. It is worth noting that assets over the past week increased by €21 billion, against €140.5 billion a week earlier. The rate of asset purchases has decreased, which is favorable for the euro rate.

On the interbank lending market in London, the trend towards a decrease in dollar rates has begun again. Previously, rates were growing for almost three weeks. It all started after the announcement of the results of the meeting of the US Federal Reserve, where Jerome Powell announced that the monetary authorities would discuss the process of winding down assets soon. Since then, however, we have received weak labor market data, which forced bankers to overestimate the probability of a cut in stimulus. A cut in dollar Libor rates will also provide additional support for the euro.

Trading recommendation: Buy 1.1795/1.1770 and take profit 1.1880.