Wednesday, 5 May 2021

Crude Oil Prices May Turn Lower From Key Chart Barrier

Crude oil prices were unable to capitalize on an outsized draw from US inventories amid signs of softer end demand. Technical positioning warns that a major top may be forming.

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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...