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Baker Hughes oil rig count up 7 to 452
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 whil
Meta weighs multibillion-dollar AI infrastructure deal with Anthropic
Meta Platforms is reportedly in discussions to lease AI computing capacity from its data center infrastructure to Anthropic in a deal that could be worth as much as $10 billion ove
US Crude oil futures are pinballing between $77.90 and $81.25. Traders wait for a break.
Crude oil has spent the week behaving like a pinball inside a technical machine, ricocheting between key support and resistance levels as buyers and sellers repeatedly score points
US sending more planes to Israel ahead of possible escalation - report
The Trump administration notified Israel it is sending dozens more refueling planes to the country ahead of a potential expansion of military operations against Iran, according to
Earnings week ahead: Alphabet and Tesla are the headliners
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 s
USDCHF has a rollercoaster of a run this week. What has the ride done for the technicals?
The USDCHF has been on a rollercoaster ride this week, with sharp swings in both directions but little net progress.The pair surged early in Tuesday's Asian-Pacific session, breaki
US July prelim UMich consumer sentiment 54.4 vs 51.0 expected
Prior was 48.9Conditions 54.9 vs 48.7 expectedPrior was 48.4Expectations 54.20 vs 51.7 expectedPrior expectations 49.3One-year inflation 4.2% vs 4.6% priorFive-year inflation 3.3%
Why Kimi K3 is adding to the market worries
A couple things are roiling markets at the moment:1) The release of Kimi K3, a Chinese open source model from Moonshot2) Rumors that a hedge fund or two are in troubleThe two are p
The AUDUSD and NZDUSD are moving lower as risk-off/USD buying/technicals.
Generally speaking, the AUDUSD and NZDUSD are considered risk-sensitive currency pairs. When investor sentiment deteriorates—such as during stock market selloffs—both currencies te
US June industrial production +0.1% vs +0.2% expected
Prior was +0.1%Capacity utilization 76.1% vs 76.2% expectedManufacturing output 0.0% vs +0.1% expectedPrior output 0.0% (revised to +0.1%) This article was written by Adam Button a
There is a roadmap for the dollar if the Fed tightens money supply
In Warsh's testimony this weeek, he emphasized to the House Financial Services Committee that his annoucned review of the Fed's $6.8 trillion balance sheet would also look at the
US housing starts for June 1.427 million versus 1.310 million estimate.
Prior month housing starts 1.177 million revised to 1.199 million. Prior month building permits 1.410 million.Housing starts for the month of June 1.427 million versus 1.310 millio