The price of oil pulls back from a fresh monthly high ($43.78) even though US Crude Inventories contract for six consecutive weeks, and energy prices may continue to consolidate over the coming days as the Organization of the Petroleum Exporting Countries (OPEC) gradually rollback the voluntary production cuts in response to COVID-19. more...
- U.S. Advance Retail Sales to Increase for Second-Consecutive Month. - Household Spending Has Risen Four Out of Last Ten-Months. Trading the News: U.S. Advance Retail Sales Another 0.2% expansion in U.S. Retail Sales may fuel speculation for a December Fed rate-hike and spur a near-term pullback in EUR/USD as central bank officials largely endorse an upbeat outlook for the world’s largest economy. What’s Expected: ...
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