Markets News Oil 

IEA: U.S. Dominance in Oil Markets Will Continue to Grow

“The U.S. has become a dominant competitor in oil markets in its own right, however, and has taken a place among the world’s largest oil producers, thanks to its shale oil revolution” writes unknown author for cnbc.com. The U.S. might have been left out from the big summit between OPEC and non-OPEC producers in Vienna last week but the country’s influence over global oil markets is only going to get stronger, the International Energy Agency (IEA) stated in its latest report.”Last week’s meeting reminded us that the Big Three of…

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Markets News Oil 

US dominance in oil markets is only going to get bigger, the IEA says

“The U.S. has become a dominant competitor in oil markets in its own right, however, and has taken a place among the world’s largest oil producers, thanks to its shale oil revolution” writes unknown author for cnbc.com. The U.S. might have been left out from the big summit between OPEC and non-OPEC producers in Vienna last week but the country’s influence over global oil markets is only going to get stronger, the International Energy Agency (IEA) stated in its latest report.”Last week’s meeting reminded us that the Big Three of…

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Crypto Markets News 

Bitcoin market dominance grow amid widespread cryptocurrency collapse

“While the cryptocurrencies have calmed down after the recent collapse to 15-month lows, the bearish sentiments are still dominating the market” writes Fx Street for forexcrunch.com. Harami pattern on 4-hour chart indicates that a bearish market may be reversing.As altcoins were hit the hardest, Bitcoin’s market share jumped to 55%. Source: forexcrunch.com Share This:

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Crypto Markets News 

Report: Bitcoin Will Reclaim Dominance in 2019 as Altcoins Lose Out

“Bitcoin will regain its market dominance in 2019 as altcoins lose their attractiveness to investors, according to a new report” writes Rebecca Campbell for livebitcoinnews.com. This is highlighted by the recent hard fork of Bitcoin Cash, resulting in two camps: Bitcoin Cash SV and Bitcoin Cash ABC. The report comes at a time when the crypto market has been experiencing a tough few weeks.Do you think Bitcoin’s dominance will grow as altcoins lose out?.  Source: livebitcoinnews.com Share This:

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News 

Trade tensions won’t just ‘go away’ because of G-20 meeting, says Citi

“The tariff dispute between the U.S. and China is more about strategic dominance than it is about trade, said Citibank’s Asia Pacific regional head of investments” writes Huileng Tan for cnbc.com. On Thursday, Asia markets traded higher ahead of the crucial meeting between the two leaders, which many are hoping would help ease trade tensions between the two economic powerhouses. Source: cnbc.com Share This:

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European diplomats are warning that enhanced U.S. financial sanctions against Iran run the risk of forcing the rest of the world to create alternative banking systems that could undermine the long-time dominance of the U.S. dollar.

“European diplomats are warning that enhanced U.S. financial sanctions against Iran run the risk of forcing the rest of the world to create alternative banking systems that could undermine the long-time dominance of the U.S. dollar” reports washingtonexaminer.com. The United States doesn’t control the global group, but Trump could threaten to ban those board members from working in the U.S. financial system if they help Iranian banks defy U.S. sanctions. Source: washingtonexaminer.com Share This:

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News 

Why Google’s EU antitrust ruling is unlikely to change Chrome, Search status quo

“Phone makers can now license and pre-install that app suite without also licensing and pre-installing Chrome or Search” writes David Paul Morris for cnbc.com. It ordered Google to unbundle its Chrome browser and search app from its Play Store, which consumers use to download other apps.On Tuesday, Google announced its plan to satisfy regulators: It will now have separate licenses for Chrome and the search app.It will also have a separate license for its suite of other apps, including the Play store, Gmail, YouTube, Maps, and more. A device maker…

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News 

With a major announcement by oil giant Shell on Tuesday, Canada has set itself up to become the U.S.’s biggest energy rival in supplying liquefied natural gas to Asia.

“LNG Canada “also supports Shell towards another of its strategic ambitions to thrive through the global energy transition to a lower carbon energy system,” Beurden said on Tuesday” reports washingtonexaminer.com. With lowered tensions between Canada and the U.S., the announcement makes sense in the hours after the new NAFTA deal.With a major announcement by oil giant Shell on Tuesday, Canada has set itself up to become the U.S.’s biggest energy rival in supplying liquefied natural gas to Asia. Source: washingtonexaminer.com Share This:

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News Stocks 

Nvidia is near a ‘tipping point’ in AI dominance, analyst says

“Shares of Nvidia Corp. had their best single-day performance since April after an analyst said he saw more than 40% upside for the stock” writes Emily Bary for marketwatch.com. Evercore’s C.J. Muse boosted his price target on the shares to $400 from $300 on Friday, making him the most bullish analyst tracked by FactSet.Of the 34 analysts tracked by FactSet who cover Nvidia, 21 have buy ratings 12 have neutral ratings, and one has a sell rating. Shares have gained 6-% over the past 12 months, while the S&P 500…

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