Wednesday, 4 January 2023

Brent Crude Technical Update: Rising Wedge Breakdown Favors Downside

An impressive two-day decline in oil prices hints at a bearish continuation if the latest break below the rising channel holds at the close

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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...