Wednesday, 12 May 2021

Crude Oil Prices at Risk if US PPI Data Echoes the Consumer Inflation Beat

Crude oil prices are at risk after a surprisingly strong US CPI report. A similar outcome from PPI data ahead may further pressure WTI lower as the Colonial Pipeline restarts.

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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...