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Good news and bad news | 08 March 2021

08 March 2021, GBP/USD

Good news and bad news

GBPUSD trading plan:

Treasury yields are rising because of a much stronger economic outlook, Federal Reserve officials said, playing down the need for a monetary policy response. “As a central banker I am always concerned if there is disorderly trading or something that looks panicky,” Federal Reserve Bank of St. Louis President James Bullard said in an interview with Wharton Business Radio. “That would catch my attention. But I think we are not at that point.” This is a positive signal for the dollar. The meeting saw OPEC+ mostly rolling over its production cuts into April, and Riyadh extending its voluntary 1 million barrels per day curb by one more month.

Investment idea: range 1.3800 -1.3900.

David Johnson
Analyst of «FreshForex» company
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