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
Mon: Australian Retail Sales (Jul) Tue: NBH Announcement, German GfK Consumer Sentiment (Sep), US CaseShiller (Jun) and JOLTS (Jul) Wed: Australian CPI (Jul), Spanish Flash CPI (Aug), EZ Sentiment Survey (Aug), US GDP 2nd Estimate (Q2), US ADP National Employment (Aug) Thu: ECB Minutes, Japanese Retail Sales (Jul), Chinese Official PMI (Aug), German Retail Sales
Closing changes: S&P 500 +0.6% DJIA +0.7% Nasdaq Comp +.09% Russell 2000 +0.4% Toronto TSX Comp +0.5% On the week: S&P 500 +0.8 DJIA -0.4% Nasdaq Comp +2.3% Russell 2000 -0.4% Toronto TSX Comp -0.1% The chart of the Russell 2000 is concerning. It looks topped out and the economy is weakening. There was a
Inflation is coming down but while headline rates are dropping thanks to base effects, services price inflation in particular looks sticky. Still, there are now more signs that previous rate hikes are feeding through the system. And, with policy settings curtailing growth, September decisions remain wide open. Next week’s agenda is crucial as it includes
© Reuters. FILE PHOTO: U.S. Dollar and Chinese Yuan banknotes are seen in this illustration picture taken June 14, 2022. REUTERS/Florence Lo/Illustration By Hannah Lang WASHINGTON (Reuters) – The dollar was flat on Friday but set for a fifth consecutive week of gains in its longest winning streak for 15 months, buoyed by demand for
FTSE 100 daily Closing changes: Stoxx 600 -0.6% German DAX -0.6% FTSE 100 -0.6% French CAC -0.4% Italy MIB -0.4% Spain IBEX -0.1% Weekly: Stoxx 600 –2.3% German DAX -1.5% FTSE 100 -3.4% French CAC -2.3% Italy MIB -1.8% Spain IBEX -1.8% The FTSE 100 is a bad day away from breaking the lows of
The USDCHF has chopped parsley higher this week. On the downside, a swing area support held near 0.8742. On the top side, there were some modest moves above a swing area high near 0.88193 that failed. However, as we head closer to the close for that week, the price is retesting that swing area between
Mon: PBoC LPR, German PPI (Jul) Tue: US Richmond Fed Index (Aug), New Zealand Retail Sales (Q2) Wed: EZ/UK/US Flash PMIs (Aug), Canadian Retail Sales (Jun), US New Home Sales (Jul) Thu: Fed’s Jackson Hole Symposium (24-26th Aug), CBRT Announcement, BoI Announcement, BoK Announcement,US Durable Goods (Jul) Fri: Fed’s Jackson Hole Symposium (24-26th Aug), Japan’s
Share: XAU/USD recovered towards $1,890, still poised for a weekly decline. China’s real state giant Evergrande filed for bankruptcy protection in a US court. Lower US yields amid risk aversion benefits Gold prices. At the end of the week, the XAU/USD Gold spot slightly recovered to $1,890, but it is still poised for a
