Trading Plan – Monday 20th July 2020: EU leaders yet to agree EUR750 bln stimulus

Mark NugentJuly 2020, Trading Plan

Trading Plan – Monday 20th July 2020: EU leaders yet to agree EUR750 bln stimulus

Last week was very flat with the only real mover being the EUR, driven by the relatively successful Covid response within the EuroZone. Over the weekend EU leaders have failed to agree a EUR750 bln stimulus package. The argument centres around how much of the money should be grants (i.e. taxpayer-supplied freebies to failing economies), versus low-interest pay-it-back-when-you-can “loans”. Jeez. Who’d be a taxpayer?

The EUR is still pretty perky this morning. I’ll be keeping my eye on that as the day develops.

Have a great week.

VIP Club members can watch the video HERE