Good news for the British currency | 29 Tháng sáu 2021

29 Tháng sáu 2021, GBP/USD

Good news for the British currency

GBPUSD trading plan:

Good news for the British currency. U.S. Treasury yields fell, as the market prepared for the release of June employment data later in the week to gauge the strength of the economic recovery from the coronavirus pandemic. The benchmark 10-year yield was last down 5.4 basis points at 1.48%. The amount of cash flowing into the Fed's overnight reverse repurchase operation remained elevated on Monday at $803 billion. Volume hit a record high of nearly $813.6 billion last Wednesday. The oil market will provide additional support to the pound, since assets are correlated with each other. Shale output remains well below the January 2020 peak of 9.18 million barrels per day, with production from the seven largest fields this month running 7.77 mbpd, or 15.4% below that level, according to U.S. government data. Overall U.S. first-quarter oil production averaged 83% of last year’s peak. This is a positive signal for oil prices!

Investment idea: buy 1.3844 and take profit 1.3910.

David Johnson
Analyst of «FreshForex» company
Đồng ý với đánh giá?
Ý kiến ​​của thương nhân:
Close
Đăng nhập
Trình duyệt của bạn không hỗ trợ cookie Nếu cookie đã bị vô hiệu trong trình duyệt Internet của bạn, bạn có thể gặp vấn đề với việc hiển thị Khu vực cá nhân. Cách bật hỗ trợ cookie .