EURUSD – Up
EURUSD trading plan:
Shares of Germany’s largest bank Deutsche Bank plunged as investors fretted that regulators and central banks have yet to contain the worst shock to the sector since the 2008 global financial crisis. Germany’s Deutsche Bank was thrust into the investor spotlight and slumped 8.5% alongside a sharp jump in the cost of insuring its bonds against the risk of default. The index of top European bank shares ended down 3.8%. In the latest effort to reassure investors, the U.S. Treasury said the Financial Stability Oversight Council – which comprises the heads of various U.S. regulators – agreed at a Friday meeting that the U.S. banking system is „sound and resilient.“
Investment idea: range 1.0720 – 1.0830.
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