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Rising energy prices and geopolitical instability could force more nations to explore shale gas reserves, leading to wider opportunities for fracking.
On November 30–December 7, oilfield services stock Superior Energy Services (SPN) fell the most on our list of energy stocks. The VanEck Vectors Oil Services ETF (OIH) fell 6.6%—the most among the major energy subsector ETFs that we discussed in Part 2.
Chinese officials summoned the U.S. ambassador to Beijing on Sunday to protest the arrest of chief financial officer of Chinese electronics giant Huawei, Meng Wanzhou in Canada. U.S. officials are investigating her role in the companies operations in Iran.
The pair initially found resistance at the 1.14 level in the Friday’s session but after the weak US job numbers were posted later in that day, the pair started showing signs of strength and broke above the 1.14 level. By doing so, the market is now likely to reach towards the 1.15 level and move eventually higher. With the latest job figures, the Fed is likely to be more dovish which will support this pair going higher. …Read MoreGBP/USD
A shift in sentiment towards FED monetary policy and trade war jitters pin back the Greenback as the markets prepare for the next Brexit saga.
Based on last week’s close at .7187, the direction of the AUD/USD this week is likely to be determined by trader reaction to the 50% level at .7207.
The direction of the AUD/USD and NZD/USD this week will likely be determined by investor demand for risk. And this is likely to be controlled by U.S. China relations. There are no major reports from Australia and New Zealand this week.
The Australian dollar has fallen to the lowest level against the greenback in a month in early trade on Monday. Heightened geopolitical risks and concern about the Chinese economy has contributed to the Aussie's recent weakness, adding to concerns about the US and Australian economies from late last week. Australian home loan data for October will be released today. The performance of Chinese financial markets is likely to be influential on broader sentiment during the Asian session.
According to the WSJ, members of the U.S. Federal Reserve are reportedly debating whether to signal a “wait-and-see” approach after a probable hike to the central bank’s benchmark rate at its December meeting.
Anyone researching Newpark Resources Inc (NYSE:NR) might want to consider the historical volatility of the share price. Modern finance theory considers volatility to be a measure of risk, and there Read More...
The Australian dollar fell during most of the week but found a bit of support at the same area we have seen recently, the 0.72 level. The downtrend line that had been intact for so long has been broken, and it now looks as if it may offer support.
Investing.com - The U.S. dollar was lower on Friday as the latest jobs report lowered the chances that the Federal Reserve will raise rates in 2019.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.08% to 96.68 as of 10:14 AM ET (15:14 GMT).Nonfarm payrolls rose by 155,000 in November, which was lower than expected but still consistent with a strengthening job market. The data puts less pressure on the Fed to raise rates. ...
The pair failed to rally higher during the Thursday’s session as the 1.1350 level is attracting a lot of attention and also providing support to the market. The market today will remain choppy because of the job figures ahead and if the numbers come out positive, then it could break the market lower towards the 1.13 level and much lower. …Read MoreGBP/USD
Investing.com - The U.S. dollar was flat on Friday in Asia following reports that the Federal Reserve is considering adopting a wait-and-see approach to rate hikes.
Investing.com - The U.S. dollar was lower on Thursday as the arrest of a Huawei executive spooked investors and disappointing jobs data dampened sentiment.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.46% to 96.56 as of 10:35 AM ET (15:35 GMT).Meng Wanzhou, the chief financial officer at the Chinese smartphone company Huawei was arrested in Canada on an an extradition request by the U.S, which had been investigating whether or not she violated sanctions against Iran. ...
The Australian dollar fell again during trading on Thursday as the arrest of a prominent Chinese businesswoman has caused concerns as to whether or not the United States and China will be able to flush out some type of deal.
Outside of a trade resolution, the CBA says there are three potential triggers that could see the Aussie strengthen. The Australian dollar hasn't been this undervalued against the greenback since the depths of the global financial crisis, with fears over a potential escalation in the US-China trade conflict largely to blame. According to Joseph Capurso, Senior Currency Strategist at the Commonwealth Bank, the AUD/USD is now extremely cheap based on the bank's fair value model.