Tuesday, 18 August 2020

Crude Oil Price Outlook Buoyed by Falling Volatility; PMIs Eyed

Crude oil price action could keep edging higher as risk appetite flourishes while market volatility bleeds lower, but upcoming Markit PMI readings might hint at a stalling economic recovery.

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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...