The Pound Sterling (GBP) accelerated its recent declines against the US Dollar (USD), as GBP/USD briefly revisited levels under the 1.3150 psychological mark.  

The EUR/USD pair ended October with a weak note, barely holding above a three-month low of 1.1522 posted in the last trading day of the month. The pair is down for a second consecutive week following the Federal Reserve (Fed) and European Central Bank (ECB) monetary policy decisions.

Gold has reverted to the $4,000 threshold in Asian trades on Monday, but buyers trade with caution, awaiting the private data releases from the United States (US). The US ISM Manufacturing PMI is due later in the day.  

Gold (XAU/USD) remained under bearish pressure and touched its weakest level since early October, below $4,000, pressured by the Federal Reserve (Fed) Chairman Jerome Powell’s cautious remarks on policy easing and a de-escalation in the United States (US) – China trade conflict.

Current developments and energy policy in the US have caused a renewed interest in oil stocks. A fundamental disconnect due to bearish sentiment in oil stocks and depressed oil prices has created an attractive valuation, stable dividends, and notably more upside potential than downside risk. Learn about the best oil stocks to buy today.

Value investors have struggled for years to find value and claim that dysfunctional markets will eventually correct and wreak havoc on tech-heavy portfolios. Still, I analyze plenty of undervalued stocks, and below are a few to consider investing in.