The Baker Hughes US oil and gas rig count is a measure of active drilling rigs and has been showing a rapid shutdown after the oil bust. Last week the count fell to 1543 from 1633, as the plunge lower continues.
In an an interview on CNBC, SF Fed Williams commented: GDP showed strong consumer spending He sees strength in economy with a lot of momentum Sees GDP at 3% in 2015 5% employment by the end of the year. Expects … Continue reading
Crude oil is trading higher after breaking above the 200 hour MA at 45.84 . The price has scooted to a high of of 46.83 which is the highest level since January 23rd. I am not sure the move higher … Continue reading
He also comments: His preference would be to raise rates earlier, but notes that he is in the minority When Fed decides to raise rates, they need to signal ahead of time Would not have dissented on this week’s statement ECB’s … Continue reading
The S&P dipped to the 2000 level after the data but has slowly been clawing that and it’s now just down 7 at 2014. The Dow is down 68 points at 17348 but had been down to 17240. The Nasdaq … Continue reading
Yesterday, it was the 200 day MA (green line) on the downside (see:Gold tumbles but moves toward 200 day MA and retracement support). Today, gold has found sellers against the 100 hour MA (see blue line in the chart below). … Continue reading
As the EURUSD wanders lower and so to does the USDJPY, that spells down for the EURJPY. This pair – like the EURUSD – traded at the week’s low in the early hours of Monday’s trade. The rest of the week, … Continue reading
Swiss pairs getting hit elsewhere too There’s no headlines that I can point to and we’re already halfway back up in them Lots of talk that month end is playing a part and it can sometimes have a bigger effect … Continue reading
The EURUSD dipped below the 100 hour MA yesterday (blue line in the chart below) and wandered a little lower but not by much. Currently, the price is dipping below the 100 hour MA once again, and trying to … Continue reading
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