Trading session on Tuesday turned Closeouts risky assets. Decreased and the pair GBPUSD, again returning to the support of 1.28. It is worth noting that the general mood of traders are far from defining "British" dynamics factor. Far more topical issue for him is the uncertainty of Brexit. Those who decided that the agreement signed on Wednesday an agreement is the final version of the document by which Britain will leave the EU under the terms of the soft output, we recommend you not to jump to conclusions.
This agreement still has to go, no discussion. We are talking about voting at the EU summit, the European Parliament and the Parliament of England again. Each of these steps can become an insurmountable obstacle. Recent news indicates that the Spanish authorities can vote against the agreement between the UK and the EU, if the document text of the draft is not amended as regards Gibraltar. If no agreement is finally agreed, "hard» Brexit not escape. The fact that this is the most likely scenario, and said yesterday the chairman of the Bank of England Governor Mark Carney. It is not conducive to buying the British pound and the dollar strengthening. Today at 16:30 GMT traders attention will be presented data on jobless claims, as well as orders for durable goods. In that case,
1,2780 the TP SellStop GBPUSD 1.26 SL 1.2830
Tuesday became a black day for the entire energy sector. Panic sell-off of Brent and WTI brands have led to losses of more than 5% of the value of these assets. At least the day fixed by Brent, was $ 61.71 per barrel. Oil was one step away from a new test of the psychological level of $ 60 per barrel. US President Trump said yesterday that the United States remains "stable partner" of Saudi Arabia, in spite of the tension associated with the murder of American journalist. These comments are appreciated as a risk mitigation of possible supply disruptions from Saudi Arabia. Attention of market participants are still focused on the excess supply. Oil pressure has a growth of oil production in the United States, Saudi Arabia and Russia. Recall that these regions have significantly increased production in order to prevent shortage of market supply due to US sanctions against Iran. However, at the last moment the US freed from the need to comply with the ban on the purchase of Iranian oil to Turkey, China and India, which account for the lion's share of all shipments. In other words, the risk of shortage of raw materials have been exaggerated and the result did not materialize. Another factor is the reduction of quotations general risk aversion against the backdrop of political uncertainty in the UK and Italy. Today at 18:30 MSK will be published data on changes in stocks of crude oil and petroleum products from the EIA. In the event that the US Department of Energy will report next week, reserves growth and oil production, support for $ 60 is unlikely to stand. With that said, we are sure to hold short positions.
UKOIL SellStop 62,90 TP 60 , 20 SL 63,50
Analytical reviews and comments reflect the personal opinion of the authors and are not a recommendation to trade. Author Artem Deev trader analyst AMarkets.