Category Finance

The Bakers Hughes rig count for the current week shows: Total rig up 8 at 590Oil rigs + 5 at 488NatGas rigs +3 and 97 This article was written by Greg Michalowski at www.forexlive.com.

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The USDCHF is moving lower with the US yields. The price has broken below a cluster of moving averages defined by the 200 hour moving average and the 100 bar moving average on the four hour chart at 0.8478, and the 100 hour moving average of 0.84916. Stay…

Prior month 67.9University of Michigan consumer sentiment 69.0 versus 68.5 estimate.Best since May 2024Current conditions 62.9 versus 61.5 estimate. Last month 61.3. Best since June 2024expectations and 73.0 versus 71.0 estimate. Last month 72.1. Best since April 20241-yesr inflation expectations 2.7% versus 2.8% last month.5- year inflation expectations…

The AUDUSD is higher for the week after dipping lower earlier in the week where the 200 day moving average stalled the fall. The subsequent move to the upside was able to extend above resistance rotated back down toward support and extend above resistance and and step pattern…

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In the kickstart video, for September 13, 2024, I take a look at three other major currency pairs – the EURUSD, USJDPY and GBPUSD. For the EURUSD, it moved to a swing area between 1.10976 and 1.11042 and found willing sellers. That area will be a key resistance…