Monday, 8 October 2018

Oil Prices Cling to Bullish Formation, Iran Warns of Crude Shortage

Oil clings to the bullish trend carried over from August, but recent price action raises the risk for further losses as crude carves a series of lower highs & lows.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...