British currency, despite the sharp weakening of the dollar, has completed the previous day decline to support 1.32. If the Fed's comments are not soft, reduce growth forecast for the US economy in the years 2019-2020 and marked the unwillingness even to a single rate increase this year, losing a pound in the day would have been more significant.
Pressure on the pound had regular news of Brexit. Speaking on Wednesday before the British Parliament, May said that sent a request to the European Council Donald Tusk President of Brexit suspended for three months. May decision immediately criticized some of her fellow party members and the opposition. Eurosceptic Tory claim that Brexit transfer on 29 March at a later date would be a betrayal of British interests, voted for the country's withdrawal from the EU. In turn Brexit postponement until the end of June may be unacceptable and the European Union, who has the decision on the exact date. Optimal variant in Brussels consider any postponement until May 23 - prior to the elections to the European Parliament, or a year. It is worth noting that the UK Prime Minister Theresa May can be forced to resign in the event, if the UK out of the EU staff will be delayed more than three months. Given the increased political uncertainty British currency sales remains a priority.
GBPUSD SellStop 1,3180 TP 1,29 SL 1,3240
Quotes of oil continue to update the multi-month highs. According to the results of yesterday, Brent crude entrenched above $ 68 per barrel. In the Asian session Thursday, continues to grow, significantly increasing the chances of a long-awaited test of $ 70, which is likely before the end of this week. As expected, the main catalyst of growth of prices made a report on the US Department of Energy. According to data published by the Energy Information Administration inventory in US crude oil last week fell by 9.59 million barrels, a record pace in July 2018. Experts expect an increase in the average index by 1.75 million barrels. Inventories of gasoline has declined by 4.59 million barrels, distillates - by 4.13 million barrels. Analysts polled S & P Global Platts, predicted destocking as gasoline and distillates, 2, 1 million market barreley.Uchastniki believe that this trend was the consequence of the increase of oil export from the United States, which last week reached 3.39 million barrels per day - this is the second of the highest levels since 1993. Also do not forget that in the United States ended the season maintenance refinery, leading to higher capacity utilization and a greater demand for petroleum products. With that said, be sure to hold the "buy" in oil. which will lead to an increase in capacity utilization and a greater demand for petroleum products. With that said, be sure to hold the "buy" in oil. which will lead to an increase in capacity utilization and a greater demand for petroleum products. With that said, be sure to hold the "buy" in oil.
UKOIL BuyLimit 67,70 TP 70,50 SL 67,20
Analytical reviews and comments reflect the personal opinion of the authors and are not a recommendation to trade. Author trader analyst Artem AMarkets Deev