Thursday, 5 August 2021

Oil Price Eyes July Low as Bearish Price Series Remains Intact

Recent price action casts a bearish outlook for the price of oil as it extends the series of lower highs and lows from the start of the week.

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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...