14 Abril 2020, GBP/USD
GBPUSD trading plan:
We are expecting the development of an uptrend in the oil market. This is a positive signal for the British currency, since there is a correlation between the pound and oil. The Railroad Commission of Texas will hold a hearing that may result in limits to the state’s oil production. The hearing at the state agency, which regulates the oil-and-gas industry in Texas, comes not long after the historic decision by the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, to cut oil production through April 2022. “We are asking for a 20% [production] cut until September 30 with the Texas Railroad Commission,” Scott Sheffield, chief executive officer of Pioneer Natural Resources said. This is a positive signal for the oil market!
Trading recommendation: Buy 1.2530 and take profit 1.2595.
en 
id 
ar 
ru 
vn 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 