Thursday, 13 May 2021

Crude Oil Prices May Fall as US Retail Sales Data Shapes Fed Outlook

Crude oil prices may continue to fall after suffering the largest daily drop in six weeks as US retail sales data stokes speculation about a sooner-than-expected Fed policy pivot.

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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...