ISM services PMI, jobless claims, and services PMI due Thursday

The Aussie Dollar finished the week with gains of over 0.82% on Friday and up more than 1.20% for the week as the US Dollar tumbled following the US Treasury Department’s announcement of a bond buyback for the long end of the curve. The AUD/USD trades at 0.7170, after rebounding near 0.7067. AUD/USD Price Forecast:…

The U.S. military has helped tankers transport more than 660 million barrels of crude oil through the Strait of Hormuz since early May, Central Command told CNBC this week. The military has assisted about 1,300 commercial vessels sail through Hormuz over the same period, said U.S. Navy Capt. Tim Hawkins, a Central Command spokesperson, in…

Micron (MU -0.44%), SK Hynix (SKHY -3.92%), and Samsung (SSNLF +0.00%) are some of the highest-flying stocks in the market this year. Their tremendous earnings results have been driven by a massive shortage in memory chips, a market dominated by the three companies. As AI hyperscalers buy up as many chips as possible, memory prices…

JPMorgan Chase (JPM +0.01%) CEO Jamie Dimon is very clearly telling investors that they need to start worrying. In his company’s second-quarter earnings release, he highlighted geopolitical tensions, inflation, fiscal deficits, and elevated asset prices as areas of concern. And, in an interview with CNBC, he noted that margin debt is at an all-time high….

Occidental Petroleum (OXY -0.50%) and Energy Transfer (ET -0.29%) are both energy companies. Either one would give you exposure to the sector, but their businesses are dramatically different. The geopolitical conflict in the Middle East has once again highlighted the world’s reliance on oil and natural gas. However, it has also highlighted the importance of…