Author: FX
The weekly Baker Hughes oil rig count showed a gain of 7 to 452. The Gas rigs were unchanged at 126 and Total rigs rose by 7 to 588.Versus a year ago, oil rigs are up from 422 while gas rates are up from 117. The price of crude oil today is up by $2.36 at $81.30. The high prices today reached $81.54. The low price was at $77.93. The recent push to the upside has taken the price back above its high price from earlier this week at $81.25. The next target comes at $82.01 (see post here) This…
Meta weighs multibillion-dollar AI infrastructure deal with Anthropic !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
US Crude oil futures are pinballing between $77.90 and $81.25. Traders wait for a break. !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
AUD/USD trades higher near 0.6980 on Friday, recovering from an initial decline as the US Dollar (USD) loses ground following a mixed batch of United States (US) economic data. Stronger Housing Starts and Consumer Sentiment were offset by weaker Building Permits and subdued Industrial Production prints.US Housing Starts increased to an annualized 1.43 million in June, beating expectations of 1.31 million and rising from 1.20 million previously. However, Building Permits declined to 1.37 million MoM, below the 1.40 million forecast and the previous 1.41 million. Building Permits are down 3.0% on an annual basis.US Industrial Production rose only 0.1% MoM,…
Bank week is behind us and the calendar now opens up into the good stuff: the companies that actually touch oil wells, rail cars, copper mines, housing lots, consumer wallets and some megacap tech. If you want to know whether the economy really absorbed a $93 average WTI quarter and a Strait of Hormuz closure without breaking stride, this is the week that answers it.Here’s the map, day by day, weighted toward the names that carry macro information.Monday, July 20A soft open, but two consumer tells worth logging. Domino’s before the bell is the value-consumer barometer — when wallets tighten,…
Tech shares continue to stay under pressure in final stretch of the week !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
MUFG’s Derek Halpenny highlights that the Japanese Yen (JPY) remains near cyclical lows, but Government Pension Investment Fund (GPIF) and Japan Trusts flows already show a shift back toward JGBs. He argues that formalising the end of Abenomics-style risk-taking marks a turning point, with domestic bond allocations rising and potential further JGB buying that could ultimately support the Yen as Bank of Japan (BoJ) policy normalises.GPIF flows point to rising JGB demand”The yen remains close to cyclical lows and the US data yesterday along with the risk of further crude oil price rises are curtailing the appetite to sell the…
Biggest stock movers Friday: NFLX, SPCX, and more Source link
The Fractal Indicator MT4 No Repaint offers a more structured approach by marking confirmed market swings after price has completed its pattern. While it doesn’t predict the future, it helps traders recognize areas where trend continuation or reversals deserve closer attention. The sections below explain how the indicator works, where it performs best, and how traders can fit it into a practical trading plan. Understanding the Fractal Indicator MT4 No Repaint The Fractal Indicator is based on a simple market principle: price moves in waves. Every trend creates higher highs, lower lows, and temporary pullbacks. The indicator identifies these swing…
Tech selloff continues to run deeper ahead of European trading !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link