Wednesday, 16 December 2020

Crude Oil Nears Resistance, Gold Up on Fed. BoE, Moderna Vaccine Approval Next

Crude Oil prices face resistance after EIA stockpiles shrank as the Fed propelled gold prices before the BoE. WTI and XAU/USD are eyeing US jobless claims and Moderna’s likely vaccine approval.

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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...