Thursday, 10 September 2020

Crude Oil Price Outlook Mired by Moving Average Death Cross

Crude oil prices might remain under pressure with the commodity now facing a bearish crossover of its 50-day and 200-day moving averages after invalidating its prior-standing bullish trendline.

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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...