Wednesday, 10 February 2021

Oil Price Eyes Channel Resistance as Inventories Fall for Third Week

The price of oil approaches the upper bound of the ascending channel established in November as US crude inventories contract for the third consecutive week.

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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...