Correlation between the British currency and oil | 11 3月 2021

11 3月 2021, GBP/USD

Correlation between the British currency and oil

GBPUSD trading plan:

Crude oil prices rose as vaccine rollouts bolstered the economic outlook and U.S. fuel stocks fell sharply, although gains were capped by a surge in crude oil inventories after last month's Texas storm. U.S. gasoline stocks fell by 11.9 million barrels in the week to March 5 to 231.6 million barrels, the Energy Information Administration said, compared with expectations for a 3.5 million-barrel drop. Saudi Arabia's foreign minister said the kingdom would take deterrent action to protect its oil facilities, following attacks by Yemen's Iran-aligned Houthi movement on energy sites. A bullish rally in the oil market will have a positive impact on the British currency.

Investment idea: buy 1.3915 and take profit 1.3984.

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