All eyes are on OPEC+ | 01 Abril 2021

01 Abril 2021, GBP/USD

GBPUSD trading plan:

Oil prices were down on concerns about the market’s recovery after OPEC and its allies lowered their 2021 demand growth forecast, but a draw in U.S. crude inventories limited the fall. All eyes are on OPEC+. How much of an accommodation are they going to give Russia and how much the Saudis are going to shoulder? OPEC+ are currently curbing output by just over 7 million bpd in a bid to support prices and reduce oversupply. Saudi Arabia has added to those cuts with an additional 1 million bpd. The Organization of the Petroleum Exporting Countries and allies, together called OPEC+, are set to meet today, to decide on output policy. This is an important event for the British currency, as the pound correlates with oil.

Investment idea: range 1.3735 -1.3820.

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus