U.S. drillers add rigs for seventh month in a row, pace slows – Baker Hughes

© Reuters. FILE PHOTO: Drilling rigs operate in the Permian Basin oil and natural gas production area in Lea County (Reuters) – U.S. energy firms this week added oil and rigs for a seventh month in a row for the first time since May 2018, but the rate of growth in February slowed even as […]

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Vix volatility index on pace for the biggest weekly surge since June

Up over 60% since Wednesday The Vix or volatility index is trading up at 33.37 after reaching a high of 37.51 earlier in the day. The index has increased some 65% since Wednesday alone.    As volatility increases, so too does the Vix index. The volatility in the meme stocks has now rotated into the larger cap […]

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China will conduct talks on EU investment pact ‘at its own pace’

© Reuters. FILE PHOTO: An attendant walks past EU and China flags ahead of the EU-China High-level Economic Dialogue in Beijing By Yew Lun Tian BEIJING (Reuters) – China will conduct talks on an investment pact with the European Union “at its own pace”, its foreign ministry said on Friday, raising doubts about whether a […]

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Japan July bank lending rises at its fastest pace on record

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do […]

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U.S. Financial Conditions Are Easing at Fastest Pace in History

© Reuters. U.S. Financial Conditions Are Easing at Fastest Pace in History (Bloomberg) — American financial conditions have loosened at the fastest pace since at least 1990, belying mounting investor skepticism that a V-shaped economic recovery will follow the pandemic-induced crash. A Bloomberg measure of market health across bond, stock and liquidity indexes has staged […]

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EUR/USD falls to fresh two-week lows as dollar gains gather pace

EUR/USD looks for a firm break under its key daily moving averages ForexLive It looks like the blowup in funding pressures today is helping to settle the debate earlier in the day on which side EUR/USD may be looking to break out. As mentioned then, one of the moving parts is dollar funding pressures but […]

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Gold Tumbles Below $1,500 as Liquidations Gather Pace

© Reuters. By Geoffrey Smith  Investing.com — Gold prices tumbled below $ 1,500 a troy ounce to their lowest since August as more and more investors were forced to liquidate positions due to liquidity stresses elsewhere in their portfolios.  By 7.55 AM ET (1155 GMT), for delivery on the Comex exchange were down 3.6% at […]

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