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The IEA thumped the market yesterday

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 10, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    As I mentioned on Monday, this week sees the publication of the short term outlook forecasts from all the major agencies. The IEA thumped the market yesterday by pouring cold water on most bullish scenarios such as non-Opec cooperation, a weak dollar and lower than anticipated Iranian production. They suggested that Opec were ‘unlikely’ to cut a deal with other producers and that prices were likely to fall as global supplies increase. In its STEO, the EIA said that demand in 2016 would be

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