Tuesday, 18 June 2019

Crude Oil Price Downtrend May be Over - Implications for USDCAD Rates

Crude oil prices have closed below their daily 8-EMA every session since May 22. The bullish key reversal forming today suggests the downtrend may be coming to an end.


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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...