10 Tháng hai 2021, GBP/USD
GBPUSD trading plan:
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. Crude inventories fell by 3.5 million barrels in the week to Feb. 5 to about 474.1 million barrels, data from the American Petroleum Institute showed. Crude oil stocks at the Cushing, Oklahoma, delivery point dropped by 1.4 million barrels, API said. Saudi Arabia, is unilaterally reducing supply in February and March, adding to cuts agreed by other members of the Organization of the Petroleum Exporting Countries and their allies. OPEC's analysts are now forecasting there will be a supply deficit in 2021 as more populations get vaccinated and start going away on trips and working in offices, potentially boosting fuel demand.
Investment idea: Buy 1.3802 and take profit 1.3860.
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