OctaFX | OctaFX Forex Broker
Open trading account
Back

IEA follows the EIA by going more bearish - Malcolm Graham-Wood

FXStreet (Barcelona) - Independent Analyst, Malcolm Graham-Wood cites EIA’s statement reflecting further bearish outlook for Oil.

Key Quotes

“The lower oil price is supposed to benefit Japan more that pretty much any other country and the fall in crude and to a lesser extent LNG should be helping the economy at the moment.”

“The IEA followed the EIA at the end of last week by being even more bearish that before saying that ‘it is increasingly clear that we have begun a new chapter in the history of markets’ which is quite bold but then they rarely get anything right I suppose...”

ECB effective ex rate, protected by a double bottom – SG

Kit Juckes, Global Head of Currency Research at Societe Generale notes EUR/USD meandering as we start European PMI week.
Read more Previous

NZD/USD erases gains, retreats toward 0.7900

NZD/USD retreated further during the European session and recently bottomed at 0.7909, the same price it close on Friday.
Read more Next
Start livechat