Correlation between the British currency and oil | 01 tháng Ba 2022

01 tháng Ba 2022, GBP/USD

Correlation between the British currency and oil

GBPUSD trading plan:

Oil prices, have hit their highest since 2014 following the invasion and after Western allies have imposed sanctions on Russia, blocking some Russian banks from a global payments system, which is already disrupting oil exports. Some buyers are already shunning Russian barrels, now trading at a heavy discount to world benchmarks. Russia, one of the world's top oil producers, exports around 4-5 million barrels per day of crude and another 2-3 million bpd of refined products. China, the European Union, South Korea, India and Japan are its main buyers. A bullish rally in the oil market will have a positive impact on the oil market because assets correlate with each other.

Investment idea: buy 1.3400 and take profit 1.3453.

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 .