Tuesday, 18 May 2021

Crude Oil Price Trend May Reverse, API Data and FOMC Minutes Eyed

Crude oil prices may turn lower – forming a bearish Double Top trend reversal pattern – as April’s FOMC meeting minutes shape Fed stimulus withdrawal bets.

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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...