Correlation between the British currency and oil | 01 5月 2020

01 5月 2020, GBP/USD

Correlation between the British currency and oil

GBPUSD trading plan:

The bullish rally in the oil market will have a positive impact on the value of the British currency. Norway, Western Europe’s largest oil producer, said on Thursday it was joining OPEC and rest of the world in output cuts. OPEC, meanwhile, has a target to reduce 9.7 million bpd from global supply. Crude oil markets strengthened on hopes of rising demand as many large economies move toward rolling back the more stringent shutdown orders to contain the COVID-19 pandemic as many believed the outbreak has reached a peak.

Trading recommendation: Buy 1.2540 and take profit 1.2595.

David Johnson
Analyst of «FreshForex» company
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus