IronFX Daily Commentary by Charalambos Pissouros | 18/02/2016
February 18, 2016 9:44 am
Fed minutes: FOMC discusses a change in rate path • Officials saw increased risks to the downside amid market turbulence. • They appeared reluctant to raise rates as the impact of the global turmoil was still unclear. • In March, they may indicate fewer rate hikes in 2016 as the uncertainty has increased.
Iran says thank you but no thanks • Iran’s oil minister voiced support for the oil production freeze, but did not say Iran will join the agreement. • WTI jumped, as Iran did not clearly reject the deal. More negotiations could follow.
Today: • France: CPI for Jan. is exp. to accelerate a bit. • Sweden: CPI for Jan. is exp. to accelerate sharply. This could prove SEK-positive. • Eurozone: ECB releases minutes of Jan. meeting, but they may provide little new information. Also, Eurozone’s current account balance for Dec. • US: Initial jobless claims for week ended Feb. 12th and Philly Fed index for Feb. • Speakers: Norges Bank Governor Oystein Olsen annual address and San Francisco Fed President John Williams.
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Fed minutes: FOMC discusses a change in rate path
• Officials saw increased risks to the downside amid market turbulence.
• They appeared reluctant to raise rates as the impact of the global turmoil was still unclear.
• In March, they may indicate fewer rate hikes in 2016 as the uncertainty has increased.
Iran says thank you but no thanks
• Iran’s oil minister voiced support for the oil production freeze, but did not say Iran will join the agreement.
• WTI jumped, as Iran did not clearly reject the deal. More negotiations could follow.
Today:
• France: CPI for Jan. is exp. to accelerate a bit.
• Sweden: CPI for Jan. is exp. to accelerate sharply. This could prove SEK-positive.
• Eurozone: ECB releases minutes of Jan. meeting, but they may provide little new information. Also, Eurozone’s current account balance for Dec.
• US: Initial jobless claims for week ended Feb. 12th and Philly Fed index for Feb.
• Speakers: Norges Bank Governor Oystein Olsen annual address and San Francisco Fed President John Williams.
Join us for more technical and fundamental analysis: http://www.ironfx.com
To get the latest Forex trading news you should:
• Download the IronFX Research app: http://goo.gl/jhQIxO
• Like us on Facebook: https://www.facebook.com/IronFX
• Follow us on Instagram: https://www.instagram.com/ironfx
• Follow us on LinkedIn: https://goo.gl/wSEbPN
• Follow us on Twitter: https://twitter.com/IronFXGlobal
• Circle us on Google+: https://www.google.com/+Ironfxglobal
• Subscribe to our Channel: http://bit.ly/1foFmCU
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