{"id":114805,"date":"2017-10-15T23:32:06","date_gmt":"2017-10-16T03:32:06","guid":{"rendered":"http:\/\/countingpips.com\/?p=114805"},"modified":"2018-06-01T15:55:35","modified_gmt":"2018-06-01T15:55:35","slug":"possible-renewed-sanctions-against-iran-push-oil-up-ecb-confident-amid-robust-growth-16-10-2017","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/10\/possible-renewed-sanctions-against-iran-push-oil-up-ecb-confident-amid-robust-growth-16-10-2017\/","title":{"rendered":"Possible Renewed Sanctions Against Iran Push Oil Up; ECB confident amid \u2018robust\u2019 growth 16-10-2017"},"content":{"rendered":"
October 15, 2017<\/div>
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By<\/b> Mexgroup.com<\/a><\/p>\n

US Dollar Looks to Yellen Speech to Revive Upward Momentum.\u00a0<\/strong>\u00a0US Dollar looks pretty bullish in the nearest future stung by timid FOMC minutes and underwhelming CPI data. \u00a0Overall fundamental backdrop still seems unmistakably supportive and Yellen speech favoring preemptive tightening may revive USD rally.<\/p>\n

ECB Still Believes in Eventual Inflation, Wage Rise: Draghi.<\/strong>\u00a0\u00a0Wages in the 19-country euro zone are rising slower than the ECB hoped and will likely take more time to respond to improved growth.\u00a0 Having fought low inflation for years, the ECB is due to decide at its Oct. 26 meeting whether to prolong stimulus, reconciling rapid economic expansion with weak wage and price growth.\u00a0\u00a0\u201cWe are confident that as the conditions will continue to improve, the inflation rate will gradually converge in a self-sustained manner, as we\u2019ve defined many times, and in a durable way to our objective,\u201d ECB president Mario Draghi told reporters in Washington. \u201cBut together with our confidence we should also be patient because it\u2019s going to take time.\u201d<\/p>\n

Oil Prices Jump on Fear of New U.S. Sanctions Against Iran.<\/strong>\u00a0 Oil markets opened up strong into the new week as concerns over renewed U.S. sanctions against Iran drove prices up.\u00a0 A falling U.S. rig count also supported prices there.\u00a0\u00a0U.S. WTI crude futures CLc1 were trading at $51.88 per barrel, up 0.8 percent, Brent crude futures LCOc1 were at $57.79, up 1.1 percent from the previous close.<\/p>\n

Watch Out for:<\/strong><\/p>\n

Monday, October 16, 2017\u00a0<\/strong><\/p>

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<\/div>\n

21:45 pm GMT: NZD Consumer Price Index<\/strong><\/p>\n

Tuesday, October 17, 2017\u00a0<\/strong><\/p>\n

00:30 am GMT: AUD RBA Meeting Minutes\u00a0<\/strong><\/p>\n

08:30 am GMT: GBP Consumer Price Index\u00a0<\/strong><\/p>\n

09:00 am GMT: EUR German ZEW Economic Sentiment\u00a0<\/strong><\/p>\n

10:00 am GMT: EUR Consumer Price Index\u00a0<\/strong><\/p>\n

10:15 am GMT: GBP BoE Gov Carney Speaks<\/strong><\/p>\n

By MEX Group Team<\/strong><\/p>\n

The post Possible Renewed Sanctions Against Iran Push Oil Up; ECB confident amid \u2018robust\u2019 growth 16-10-2017<\/a> appeared first on mexgroupblog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Mexgroup.com US Dollar Looks to Yellen Speech to Revive Upward Momentum.\u00a0\u00a0US Dollar looks pretty bullish in the nearest future stung by timid FOMC minutes and underwhelming CPI data. \u00a0Overall fundamental backdrop still seems unmistakably supportive and Yellen speech favoring preemptive tightening may revive USD rally. ECB Still Believes in Eventual Inflation, Wage Rise: Draghi.\u00a0\u00a0Wages […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-114805","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/114805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=114805"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/114805\/revisions"}],"predecessor-version":[{"id":114806,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/114805\/revisions\/114806"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=114805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=114805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=114805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}