Wednesday, 11 August 2021

Oil Price Forecast: Crude Rebound Emerges amid Failed Test of July Low

The price of oil appears to have reversed course following the failed attempt to test the July low ($65.01) as it carves a series of higher highs and lows.

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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...