Tuesday, 12 January 2021

Crude Oil Prices Hit 11-Month High on Reflation Hopes, Falling Stockpiles

Crude oil prices reached their highest level since Feb 2020 on reflation hopes and a large draw in crude inventories from the latest API report. A weaker US Dollar and a flattening Treasury yield c...

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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...