ECB’s Villeroy: ECB balance sheet greening does not mean more easing

  • Efforts to cut carbon would not apply to sovereign bonds
  • ECB corporate bond buying should use climate criteria
  • Climate is already linked to ECB’s price stability mandate
  • ECB should try to adjust value of corporate asset purchases based on climate risk

Some thoughts being shared by Villeroy but nothing too impactful. I’m not a big fan of central banksters getting involved with climate change and green policy but it is what it is and expect to hear more of this in the future.

Further Development

analytics6025214e7f2a7.jpg

Analyzing the current trading chart of Gold, I found that the buyers got exhausted today and the downside roattion would be probably to correct strong upside movement from recent few days.

Watch for selling opportunities on the rallies with the downside target at $1,785.

Key Levels:

Resistance: $1,855

Support levels: $1,785

The material has been provided by InstaForex Company – www.instaforex.com

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.