Table of Contents

You may also like:

US crude rises 2.1%, settling at $70.13, boosted by signs of tight oil supply

 

By Tom DiChristopher

 

  • U.S. crude prices rise back above $70 a barrel for the first time in a week.
  • The oil market is getting support from rising tensions in the Middle East, an ongoing heavy crude outage in Canada and easing U.S.-EU trade tensions.
  • OPEC is forecast to have raised output by 70,000 barrels a day in July, a smaller increase than the cartel managed in June.

 

https://www.cnbc.com/2018/07/30/oil-prices-rise-back-above-70-a-barrel-on-witches-brew-of-support.html

 

 

Canadian dollar climbs to seven-week high on NAFTA optimism, oil rally

 

By Fergal Smith

 

The Canadian dollar strengthened to a nearly seven-week high against its U.S. counterpart on Monday, boosted by higher oil prices and optimism that progress could be made in talks to revamp the NAFTA trade pact.

 

Negotiations to update the North American Free Trade Agreement had stalled since June when the United States imposed tariffs on Mexican and Canadian steel and aluminium. But Mexico and the United States have agreed to step up talks in hopes of reaching an agreement on major issues by August.

 

The price of oil, one of Canada’s major exports, rose as traders kept the focus on supply disruptions and the possible hit to crude output from U.S. sanctions on Iran. U.S. crude oil futures CLc1 settled 2.1 percent higher at $70.13 a barrel.

 

Canada’s trade data for June is due on Friday.

 

https://www.reuters.com/article/us-canada-forex/canadian-dollar-climbs-to-seven-week-high-on-nafta-optimism-oil-rally-idUSKBN1KK2B5

 

 

Goldman Stock Seen Rising 15% on Raised Estimates

 

By Michael Kramer

 

Goldman Sachs Group Inc. (GS) has had a terrible 2018, with the stock nearly 13% off its March highs. Even worse, the stock has underperformed the S&P 500 by a wide margin, falling by almost 7%, versus the S&P 500’s gain of almost 5.5%. Signs are emerging that the investment bank may be set to rebound as analysts raise their estimates and price targets. Analysts see Goldman rising by an average of 15% from its current price around $237.

 

The company delivered strong quarterly results beating on both the top and bottom lines.

 

After posting the better-than-expected results, analysts have been upping their upcoming third-quarter estimates. Analysts are now looking for the company to grow third-quarter profits by over 9% to $5.51 per share.

 

Since the start of July, the average analysts’ price target has increased by nearly 2% to $274, more than 15% higher than the stock’s current price.

 

https://www.investopedia.com/news/goldman-stock-seen-rising-15-raised-estimates/

 

 

 

BERENBERG BANK ANALYSTS SET HUGO BOSS AG COMMON STOCKS (BOSS) A €82.00

 

By Jordan Dyson

 

Hugo Boss is expected to report earnings on August 2.

 

Hugo Boss AG Common Stock (ETR:BOSS) has been given a €82.00 ($96.47) price objective by investment analysts at Berenberg Bank in a report released on Monday. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 6.33% from the company’s current price.

 

https://bharatapress.com/2018/07/31/berenberg-bank-analysts-give-hugo-boss-ag-common-stock-boss-a-82-00-price-target/

 

 

Turkish Lira Extends Decline as Threat of U.S. Sanctions Weighs

 

By Constantine Courcoulas

 

The lira weakened against the dollar as the threat of U.S. sanctions on Turkey compounded investor concerns before key inflation data due later this week.

 

While the timing and nature of potential sanctions remain uncertain, investors are bracing for any developments that would slow the flow of funds into Turkey and pressure the currency which is already flirting with a record low against the dollar.

 

https://www.bloomberg.com/news/articles/2018-07-30/turkish-lira-extends-decline-as-threat-of-u-s-sanctions-weighs

 

 

AUD May Head Lower on Fed, BoE and EU CPI. Can Consolidation End?

 

By Daniel Dubrovsky

 

 

  • The Australian Dollar now focuses on external factors: USD direction and sentiment.
  • Fed, BoE and EU CPI data could lift the greenback at the expense of Aussie Dollar
  • Auto worries on tariffs also bode ill for it. Can AUD/USD break out of consolidation?

 

https://www.dailyfx.com/forecasts?ref=SubNav#aud

 

 

Risk Disclaimer: The information contained in this market review  should not be construed in any way, as containing investment advice and/or a suggestion and/or solicitation for any trading activity and financial transaction. There is no guarantee and/or prediction of future performance. EuropeFX, its affiliates, agents, directors or employees do not guarantee the accuracy and validity of any information or data made available and assume no liability as to any loss arising from any investment based on the same. Trading Forex/CFD’s carries a high level of risk and can result in the loss of your whole investment. Forex/CFD’s are leveraged products and therefore Forex/CFD’s trading may not be appropriate for all investors. It is recommended that you do not invest more money than you can afford to lose to avoid significant financial problems in the case of losses. Please make sure you define the maximum risk acceptable for yourself.

Notice!

MAXIFLEX LTD, is a Cypriot company with a registration number HE327484, which is licensed by the Cyprus Securities and Exchange Commission (Cysec) under license number 258/14 (“the company”).
The company provide services to residents of the European Union area via its website www.europefx.com (“the website”).
The website contains information that can be associated with E.U. guidelines and regulations.
By dismissing this pop up or pressing the “cancel” button, you agree to the terms and conditions of website and confirm that you have read and understood this notice.
If instead, you would like to visit our Australian website please proceed by clicking on ‘continue’.
Should you click on ‘cancel’, you will remain in the website.”

eFXGO! Official iOS Mobile App Free • available on app store

4.5/5