Monday, 20 April 2020

US Crude Oil Collapses to Negative -$37 Per Barrel - Why and What Does it Mean?

The standard bearer US-based WTI crude contract collapsed Monday with the ‘active nearby’ eventually settling at an astounding -$37.63 (yes negative). There are some important caveats here, but the...

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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...