Wednesday, 29 May 2019

Crude Oil Price Outlook: Oil Drops as Brent Crude Breaks Below 200DMA

After posting the largest weekly drop in 2019, oil prices have extended on its losses amid the step up in trade war tensions sparking risk averse sentiment, resulting in Brent crude breaking its 200DMA


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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...