Correlation between the British currency and oil | 22 6月 2021

22 6月 2021, GBP/USD

Correlation between the British currency and oil

GBPUSD trading plan:

The uptrend in the oil market will have a positive impact on the value of the British currency, as the assets are correlated with each other. Oil prices soared, gaining on a pause in talks to end U.S. sanctions on Iranian crude, and as the dollar retreated from two-month highs. Negotiations to revive the Iran nuclear deal took a pause on Sunday after hardline judge Ebrahim Raisi won the country's presidential election. Additionally, oil prices have drawn support from forecasts of limited growth in U.S. oil output, giving the Organization of the Petroleum Exporting Countries more power to manage the market in the short term before a potentially strong rise in shale oil output in 2022.

Investment idea: buy 1.3880 and take profit 1.3955.

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