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forex_club
Apr 20, 2016 8:18 AM

))))) Long

British Pound/U.S. DollarFXCM

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Yesterday the pound was able to rise to 1.44 against the dollar, driven by rising oil prices and us statistics. In principle, when oil is much more expensive, and yesterday the price of black gold rose to 44 dollars per barrel Brent crude, the dollar depreciates, and Vice versa. Yes and the USA has decreased number of issued construction permits and the number of new construction projects. Against this background, the speech of boe Governor Mark Carney has gone unnoticed. Moreover, nothing substantial, he said. However, the night came a report of the American petroleum Institute, which implies that stocks of crude oil and petroleum products in the U.S. rose by 3.1 million barrels. Also, the strike in Kuwait successfully completed, so that soon the production of oil will be recovered. As a result the morning the oil is rapidly becoming cheaper, which affects the growth of the dollar. The only thing that can support to pound, so is unemployment data, which should remain unchanged at 5.1%. However, data on housing sales in the secondary market in the U.S. that can grow on 3,5%, will favor the dollar
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