09 March 2021, GBP/USD
GBPUSD trading plan:
The yield on the benchmark 10-year Treasury yield last traded at 1.585%, having jumped to a one-year peak of 1.62% late last week. The speed of the rise in U.S. yields is impacting positioning – especially short dollar positioning – and until we begin to see a little stability in Treasuries, the risk is that this bear market bounce in the dollar runs a little further. A bullish rally in the oil market will have a positive impact on the value of the British currency, as the assets are correlated with each other. 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. This is a positive signal for the oil market!
Investment idea: range 1.3800 -1.3890.
en 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 