Baker Hughes US oil rig count unchanged this week

US oil and natural gas drilling rigs Oil rigs unchanged at 512 Gas rigs down 1 to 114 Oil rigs down 16% from the peak If I’m OPEC+ and looking at this, I feel totally in control. There’s no surge of US production coming to counter OPEC cuts. Some notes from John Kemp: Based on

USD/CHF resumes uptrend amid mixed US data, steady Swiss CPI figures

Share: Mixed US Nonfarm Payrolls data initially fails to boost USD, but ISM Manufacturing PMI lifts sentiment. Swiss inflation exceeds estimates, but weak Retail Sales could deter SNB from tightening. The upcoming Federal Reserve meeting on September 14 could be a key event for the pair. The Swiss Franc (CHF) losses traction against

Bitcoin stumbles 2%, nears the August lows. What’s next

BTC daily It’s been a volatile week for bitcoin and it’s ending on a poor note. Bitcoin is down $570 or 2.2$ to $25,445. That’s just above the August low of $25,350. Bitcoin popped on Tuesday after the SEC lost a court case brought by Grayscale and its improper dismissal of a spot ETF. That

USD/MXN surges above 17.00 amid mixed US data, Banxico moves

Share: USD/MXN trades at 17.1222, up by 0.56%, recovering from a daily low of 16.9699. US Nonfarm Payrolls for August meet expectations, but the Unemployment Rate rise spurred an initial drop in USD/MXN. ISM Manufacturing PMI shows signs of improvement, helping the USD recover. The American Dollar (USD) recovered some ground against the

Reminder: Monday is a holiday in the US and Canada

Monday is Labor Day in the United States and Canada so the stock, bond and futures markets will be closed while the FX market will be severely thinned. The economic calendar is bare and I wouldn’t expect too much drama. Remember: Safety first in the forex market لینک منبع : هوشمند نیوز

The XAU/USD advance was held down by strong US ISM PMIs

Share: XAU/USD rose to a daily high of $1,952 and then got rejected by 100-day SMA, retreating to $1,940. US yields initially dropped after mixed US NPFs but recovered after strong US ISMs from August. At the end of the week, the Gold spot price XAU/USD erased daily gains, retreating towards the $1,940

Goldman Sachs: The rationale For staying short EUR/CAD targeting 1.42

EURCAD daily Goldman Sachs maintains its recommendation for a short position in EUR/CAD with a target of 1.42 and a stop at 1.50. The rationale behind this trade is largely based on the resilience of the U.S. economy and the potential for upside in the Bank of Canada’s monetary policy. Key Points: Strategic Focus: Goldman