Plots the sum of the balance sheets of the world's major central banks - FED, ECB, BoE, PBoC, BOJ, India and Switzerland - in a currency of your choice. Defaults to USD.
Also shows FED net liquidity (balance sheet - tga - rrp) for comparison. Uses a configurable multiplier to make the two lines viewable on the same price scale.
Release Notes
⋅
Area fill for central bank balances. Merged smaller banks (Russia, India, Switzerland) into an "Other" grouping.
Love the indicator: one question - currently the FED and the Global Liquidity result in the identical top line (white) why is that, if the global_liquidity is technically the aggregate/sum of all CBBS, incl the FED? Thanks !
grewalb21
⋅
Is there a way to get this live and running?
DecentralizedFinance
⋅
So what just happened? can someone explain the sudden move?
muddy7
⋅
whats the difference between FED NET LIQUIDITY and FED under style?
codi0
⋅
@muddy7, the "FED" option in the style is part of the summing of the balance sheets for the area shading in v2.
FED net liquidity is a separate (scaled) calculation/line that more accurately tracks liquidity trends from the FED specifically (because it subtracts the treasury general account and reverse repo). Can be used to see divergences between global balances and the FED (E.g. whether non-US liquidity is having a bigger impact on the markets).
Thanks !