Thursday, 4 February 2021

Oil Price Overbought RSI Signal Persists as US Inventories Contract

The overbought signal in the Relative Strength Index (RSI) may continue to coincide with higher oil prices like the behavior seen earlier this year.

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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...