Fed pricing raises a red flag!
US stocks fell on Friday, after the latest data showed that Americans got more jobs in November, and more importantly they got a better pay. More, and better paid jobs fueled US inflation expectations, boosted the Fed hawks, and brought forward the idea that the Fed could be attracted by another, a fifth 75bp hike in the December meeting, US equities fell and the dollar gained, but the post-NFP pricing fully disappeared. The US dollar kicked off the week on a weak footage – a pricing that raises some red flags! In energy, the weekend was rather eventless, as OPEC decided to maintain its daily output restriction unchanged at 2mio barrels per day at Sunday’s meeting, which could be seen as a negative development for the bulls. But there are two price-supportive developments that could limit losses below the $80pb. Listen to find out more!