Wednesday, 3 February 2021

Crude Oil Surges as Economic Recovery Aids Outlook, Copper Faces Technical Hurdle

Crude oil prices surged higher after inventory figures and OPEC+ developments underpinned the fundamental backdrop for commodities. Meanwhile, copper faces a bearish Descending Triangle.

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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...