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
SPX weekly chart Closing changes: S&P 500 +0.2% DJIA +0.3% Nasdaq Comp flat Russell 2000 +1.0% Toronto TSX Comp +1.2% Weekly: S&P 500 +2.5% DJIA +1.4% Nasdaq Comp +3.2% Russell 2000 +3.6% Toronto TSX Comp +3.5% There were some larger divergences with energy leading the way today behind a 2.0% rise in the XLE ETF.
Investing.com – The U.S. dollar edged lower in early European trade Friday, on course to end a six-week winning streak ahead of the release of the highly-anticipated monthly U.S. jobs report. At 03:15 ET (07:15 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 103.544,
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EUR/USD, EUR/GBP PRICE FORECAST: Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter WEEKLY FORECAST: US Dollar Forecast: Powell Adopts Hawkish Tone but DXY Eyes Potential Retracement The Euro appears to be eyeing a temporary reprieve and recovery on Monday following a
Wall Street managed to get through the Jackson Hole Symposium unscathed (DJIA +0.73%; S&P 500 +0.67%; Nasdaq +0.94%), despite a hawkish takeaway from Fed Chair Jerome Powell last Friday. The general view may be that market participants were already priced for a hawkish outcome in the lead-up to his speech, which allows room for some
Euro, EUR/USD, RSI Divergence – Technical Update: Euro at 6-week loss, 7th would mean longest since 2014 EUR/USD confirms breakout under key rising support Watch for positive RSI divergence on the 4-hour chart Recommended by Daniel Dubrovsky Get Your Free EUR Forecast At 6 weeks, the Euro is on its longest consecutive losing streak against
Today I present you an overview of trades made using the Owl strategy – smart levels for the EURUSD, GBPUSD and AUDUSD currency pairs for the week from August 21 to 25, 2023. The trades were made in all assets, but let’s talk about everything in order. For convenience and timely receipt of signals I use
Oil rigs moved from 520 to 512 or -8 rigs Natural gas rigs moved from 117 to 115 or -2 rigs Total rigs moved from 642 to 632 or -10 rigs The trend in rigs continue to the downside. From a year ago, the total rigs are down -133 rigs or -17.4%. The price of
Share: The EUR/USD fell below the 200-day SMA of 1.0800 towards the 1.0795 area to close the week. The Euro tallied a fourth consecutive weekly loss against the USD. The cautious stance by Christine Lagarde at the Jackson Hole Symposium weakens the Euro. In Friday’s session, the EUR/USD bears broke through the 200-day Simple
