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The "sideways" forecast is very valuable, if it is correct of course.
There were no surprises, as expected the rate remained unchanged, although of course there was more wagging of the finger than expected. Perhaps that is why the Euro did not go straight to 1.13.
The outcome of the December meeting now depends on the inflation and jobs data. If inflation does not rise or god forbid starts to slow down and jobs start to shrink, the December rate is very likely to be left as is and EUR/USD is above 1.15 and Brent over 55$. If inflation is up, new jobs >200k and unemployment is <= 4.9% then a rate hike in December is a done deal. And as a consequence EUR/USD below 1.10 and brent below $40
Everyone is slowly realising that the Amerks have not had any brakes lately...
That's right.
They used to exterminate Indians there and now they're taking on their Negroes.... hysteria even on the ground... not to mention the upper atmosphere...
Oh, yeah, I've heard that before - but your people are oppressing blacks....
This is what the low price of oil has driven the Arabs to:
https://www.gazeta.ru/business/2016/09/29/10221485.shtml#page1
Two archival events have now taken place at the same time. The first . The US Congress overrode a presidential veto on compensation for victims of the attacks. U.S. citizens can now demand money from Saudi Arabia, the terrorists' main sponsor. Which finally drives a wedge between the allies. These two countries, the main consumer and the main producer, are the main price setters. U.S. official documents state that Saudi Arabia is a strategic ally of the U.S. and is an area of U.S. national interest. It was the agreement with the Saudis that allowed oil to drop to $6-10 in the late 1980s. This catalysed the collapse of the USSR. With the development of the shale revolution, the differences between the allies are only getting worse. Second. At the OPEC summit, for the first time in eight years, an agreement was reached to reduce production. This news has in the past set the long-term trend for oil quotations. These two events tell us, gentlemen comrades, that we are standing on a firm platform for the emergence of a new relationship in the oil market.