Monday, 7 December 2020

Crude Oil Price Forecast: MACD Death Cross Signals a Deeper Pullback

Crude oil prices declined for a second day amid fears of a post-Thanksgiving viral resurgence which may dampen the demand outlook. Traders expect a 1-million-barrel draw from US crude inventories.

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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...