Friday, 12 February 2021

Crude Oil Prices Set to Extend Further. Have Prices Ran Too Far, Too Fast?

Crude oil's rally looks set to extend further after the IEA pointed to near-term risks for 2021 in an updated report. However, a short-term pullback may be needed before higher ground is seen.

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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...