Wednesday, 29 January 2020

Oil Price to Stage Rebound on Textbook RSI Buy Signal

The price of oil holds above the October low ($50.99), with the RSI poised to flash a textbook buy signal when the oscillator bounces back from oversold territory.

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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...