Tuesday, 6 August 2019

Crude Oil Price Hits a 7-Month Low, Chart Remains Weak

The oil complex took a sharp hit Monday as US-China trade wars ramped up, and when coupled with a weak global growth outlook, further losses cannot be discounted.


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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...