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Main » 2019 » February » 12 » Trading Ideas traders 12/02/2019
10:47
Trading Ideas traders 12/02/2019

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The British currency against the dollar, as expected, was unable to hold above the 1.29 level, and by the end of trading session on Monday slipped below said strap, closing the day at around 1.2854. Market participants followed the British statistics, initially assuming that it will become a local driver for the resumption of a downward trend. According to published data, the UK economy in the 4th quarter of last year significantly slowed the pace of growth, resulting in GDP growth in 2018 was the lowest in six years, reflecting the negative impact of political and economic uncertainty due Brexit. GDP growth in the last quarter of 2018 declined to 0.2% from 0.6% in the previous quarter.

 

 

AMarkets

 

 

During 2018 the rate of England's economic growth fell to the lowest level since 2012 - 1.4% compared to 1.8% in 2017. The lack of a plan for the UK release conditions of the European Union, scheduled for March 29, is a growing concern among consumers and businesses. Last week the Bank of England lowered its growth forecast for the country's economy this year by 0.5% to 1.2%, however, if the United Kingdom will be forced to leave the EU in the face of fierce Brexit, economic growth will be below 1%. Last time such a weak dynamics of the British economy has more than 10 years ago. Additional pressure on the pound and had a rising dollar, benefit from the support of the debt market. According to the results increased by more than 1%, up to 2.66% yesterday, the yield on 10-year Treasury bonds, contributing to the strengthening of the dollar along the broad market. With that said, we are sure to hold short positions in the GBPUSD with the first target at the level of 1.28.


GBPUSD SellStop 1,2840 TP 1,2650 SL 1,2890


Quotes of oil brand Brent (UKOIL) ended the trading session on Monday around $ 61.50 per barrel. Market participants can not even determine the future direction of oil movement, continues to consolidate in a narrow price range of $ 60-62 for 5 consecutive weeks. Nevertheless, the situation may well change, and this week. Even today, the Energy Information Administration US Department of Energy will publish a monthly report on the state of the oil market. Following a similar report will present the OPEC, and tomorrow its estimate of global supply and demand in the hydrocarbon market will give the International Energy Agency. Do not forget that on Wednesday, also there are data on the change in US oil inventories from the Energy Information Administration. Each of these reports has the potential to trigger increased volatility in all of the energy market. Despite the fact that the current market is an equal fight between pessimists, putting on the prospects for further global economic slowdown due to the global trade tensions, and optimistic, confident that OPEC's plan for oil production reduction will help rebalance the oil market during the 1st quarter of this year, the future market of "black gold" depends on whether the United States can and China by the end of this month to overcome their differences and sign a trade agreement. Until then, we recommend guided by classical market tactics - "buy on expectations, sell the fact". In other words, the purpose of Brent (UKOIL) at $ 65 are still relevant. Despite the fact that the current market is an equal fight between pessimists, putting on the prospects for further global economic slowdown due to the global trade tensions, and optimistic, confident that OPEC's plan for oil production reduction will help rebalance the oil market during the 1st quarter of this year, the future market of "black gold" depends on whether the United States can and China by the end of this month to overcome their differences and sign a trade agreement. Until then, we recommend guided by classical market tactics - "buy on expectations, sell the fact". In other words, the purpose of Brent (UKOIL) at $ 65 are still relevant. Despite the fact that the current market is an equal fight between pessimists, putting on the prospects for further global economic slowdown due to the global trade tensions, and optimistic, confident that OPEC's plan for oil production reduction will help rebalance the oil market during the 1st quarter of this year, the future market of "black gold" depends on whether the United States can and China by the end of this month to overcome their differences and sign a trade agreement. Until then, we recommend guided by classical market tactics - "buy on expectations, sell the fact". In other words, the purpose of Brent (UKOIL) at $ 65 are still relevant. putting on the prospects for further global economic slowdown due to the global trade tensions, and optimistic, confident that OPEC's plan for oil production reduction will help rebalance the oil market during the 1st quarter of this year, the future market of "black gold" depends on the will Will the US and China by the end of this month to overcome their differences and sign a trade agreement. Until then, we recommend guided by classical market tactics - "buy on expectations, sell the fact". In other words, the purpose of Brent (UKOIL) at $ 65 are still relevant. putting on the prospects for further global economic slowdown due to the global trade tensions, and optimistic, confident that OPEC's plan for oil production reduction will help rebalance the oil market during the 1st quarter of this year, the future market of "black gold" depends on the will Will the US and China by the end of this month to overcome their differences and sign a trade agreement. Until then, we recommend guided by classical market tactics - "buy on expectations, sell the fact". In other words, the purpose of Brent (UKOIL) at $ 65 are still relevant. the future market of "black gold" depends on whether the United States and China will by the end of this month to overcome their differences and sign a trade agreement. Until then, we recommend guided by classical market tactics - "buy on expectations, sell the fact". In other words, the purpose of Brent (UKOIL) at $ 65 are still relevant. the future market of "black gold" depends on whether the United States and China will by the end of this month to overcome their differences and sign a trade agreement. Until then, we recommend guided by classical market tactics - "buy on expectations, sell the fact". In other words, the purpose of Brent (UKOIL) at $ 65 are still relevant.


UKOIL BuyLimit 61,20 TP 65,50 SL 60,60


Analytical reviews and comments reflect the personal opinion of the authors and are not a recommendation to trade. AMarkets shall not be liable for any damages in case of a vision materials.

 

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