🇺🇸 ExxonMobil (XOM) shares are currently experiencing a notable decline and are trading near the $98 mark.
1️⃣ The negative trend is unfolding amid the oil market downturn, attributed to the absence of production cuts by OPEC+ members. Additionally, new indications of a slowdown in the growth of major global economies are raising concerns about a potential decrease in energy demand.
2️⃣ Furthermore, escalating tensions between Venezuela and Guyana over disputed territories rich in "black gold" are exerting downward pressure on XOM quotes. Analysts are not ruling out the possibility of a military conflict, which could delay ExxonMobil's largest foreign project for resource extraction on the Guyana sea shelf, resulting in substantial investment losses amounting to several billion dollars.
📉 Analysts are recommending maintaining short positions on XOM shares with a target of $90.
#XOM #ExxonMobil #StockMarket #OilPrices #GlobalEconomy #InvestmentAnalysis
1️⃣ The negative trend is unfolding amid the oil market downturn, attributed to the absence of production cuts by OPEC+ members. Additionally, new indications of a slowdown in the growth of major global economies are raising concerns about a potential decrease in energy demand.
2️⃣ Furthermore, escalating tensions between Venezuela and Guyana over disputed territories rich in "black gold" are exerting downward pressure on XOM quotes. Analysts are not ruling out the possibility of a military conflict, which could delay ExxonMobil's largest foreign project for resource extraction on the Guyana sea shelf, resulting in substantial investment losses amounting to several billion dollars.
📉 Analysts are recommending maintaining short positions on XOM shares with a target of $90.
#XOM #ExxonMobil #StockMarket #OilPrices #GlobalEconomy #InvestmentAnalysis
The following events and indicators can impact the US dollar exchange rate this week:
1. Tuesday, January 16:
- Consumer Price Index (CPI) in Germany (m/m) (Dec): This indicator may affect the euro and, consequently, the dollar, as changes in inflation can influence the decisions of the European Central Bank regarding monetary policy.
2. Wednesday, January 17:
- China's Gross Domestic Product (GDP) (Q4): Economic data related to the Chinese economy can influence the demand for the dollar, especially considering China's significance in the global economy.
- Consumer Price Index (CPI) in the United Kingdom (Dec): The impact on the pound sterling can have repercussions on the dollar.
3. Thursday, January 18:
- International Reserves of the Central Bank of Russia (USD): This indicator may affect the ruble and the Russian market, subsequently influencing the dollar.
- Initial Jobless Claims in the United States: This crucial labor market indicator can influence the dollar's exchange rate.
4. Friday, January 19:
- Existing Home Sales in the United States (Dec): This indicator can provide information about the strength of the real estate market, potentially affecting the dollar.
#Forex
#Economics
#StockMarket
#GlobalEconomy
#USD
#ChinaGDP
#EUR
#Unemployment
#OilPrices
#HousingMarket
1. Tuesday, January 16:
- Consumer Price Index (CPI) in Germany (m/m) (Dec): This indicator may affect the euro and, consequently, the dollar, as changes in inflation can influence the decisions of the European Central Bank regarding monetary policy.
2. Wednesday, January 17:
- China's Gross Domestic Product (GDP) (Q4): Economic data related to the Chinese economy can influence the demand for the dollar, especially considering China's significance in the global economy.
- Consumer Price Index (CPI) in the United Kingdom (Dec): The impact on the pound sterling can have repercussions on the dollar.
3. Thursday, January 18:
- International Reserves of the Central Bank of Russia (USD): This indicator may affect the ruble and the Russian market, subsequently influencing the dollar.
- Initial Jobless Claims in the United States: This crucial labor market indicator can influence the dollar's exchange rate.
4. Friday, January 19:
- Existing Home Sales in the United States (Dec): This indicator can provide information about the strength of the real estate market, potentially affecting the dollar.
#Forex
#Economics
#StockMarket
#GlobalEconomy
#USD
#ChinaGDP
#EUR
#Unemployment
#OilPrices
#HousingMarket