Baker Hughes oil rig count -2 to 422
Oil rigs -2 to 422 Gas rigs +9 to 117 Total rigs +7 at 544 This article was written by Greg Michalowski at www.forexlive.com. Source link
US oil consolidates as traders await fresh momentum
US Oil has been consolidating between $65.50 to $70 since the past month war-led volatility calmed down sharply.Markets had earlier been concerned by supply fears which considerably lowered the Energy commodity’s prices since 2025. Momentum has turned in June, but no trend has been forming since.Despite some renewed tensions in the Middle East and Ukraine-Russia
GBPUSD finding buyers in a Dollar Index top
Yesterday’s reaction to a mixed UK Employment data had been confusing for the most part before taking a look at the bigger picture.Despite seeing an employment change of 134K vs 46K expected, the UK Unemployment rate came at 4.7% vs a 4.6% consensus, highest since 2021 with easing salarial pressures – Some banks (Citi, GS, BofA)
TRC-20 vs ERC-20: What Is The Difference?
2025.07.18 2025.07.18 USDT TRC-20 vs. ERC-20: A Comprehensive Comparison Sevastian Abakumetshttps://www.litefinance.org/blog/authors/sevastian-abacumez/ TRC20 and ERC20 are two token standards operating on different networks: TRC20 on the Tron network and ERC20 on the Ethereum blockchain. Both standards facilitate the issuance and management of tokens, including stablecoins such as USDT. However, they differ in their characteristics. It is
If the Fed were to cut rates to 1% as Trump demands, long term rates would actually rise
Trump today lamented once again about the Fed’s stance of keeping rates steady as they gather more information on inflation due to tariffs. He said that they “are choking out the housing market with their high rate, making it difficult for people, especially the young, to buy a house”. Mortgage rates are closely linked to
Shares 101: the beginner’s guide to ownership
Where and how share trading takes place Trading takes place on stock exchanges such as the London Stock Exchange (LSE) for UK companies, the New York Stock Exchange (NYSE) for large United States (US) firms, and the National Association of Securities Dealers Automated Quotations (NASDAQ) for technology-focused stocks. Depending on your desired level of involvement,
USD/JPY Outlook: Dollar Elevated Amid Upbeat Consumer Spending
The USD/JPY outlook is pointing north as the dollar remains strong following upbeat retail sales data. US unemployment claims were well below the forecasts. The yen was fragile as markets awaited an election in Japan. The USD/JPY outlook points north as the dollar remains strong after upbeat retail sales data from the previous session. Meanwhile,
Ryanair Trading Update Preview: Profit Set to Double Year-On-Year
Expected Q1 2025 earnings key stats: Analysts anticipate that Ryanair’s after-tax profit for Q1 FY 2026 (ending June) will double to €800 million compared to last year, as highlighted by recent commentary ahead of the update. This represents a significant improvement in operational performance despite ongoing industry challenges. Chief Executive Officer (CEO) Michael O’Leary has
USD/CHF: Elliott wave analysis and forecast for 18.07.25 – 25.07.25
2025.07.18 2025.07.18 USD/CHF: Elliott Wave Analysis and Forecast for 18.07.25 – 25.07.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 0.8111 with a target of 0.7700 – 0.7500. A sell signal: the price holds below 0.8111. Stop Loss: above 0.8250, Take Profit:
ECB’s Nagel: Financial markets show how Fed attacks affect them
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Japan Inflation Slows In June
Japan’s inflation softened more than expected in June but continued to remain above the 2 percent target, data from the Ministry of Internal Affairs and Communications showed Friday. Core inflation that excludes fresh food cost eased to 3.3 percent in June from 3.7 percent in May, which was the highest in two years. Meanwhile, excluding
FX option expiries for 18 July 10am New York cut
There are just a couple to take note of on the day, as highlighted in bold. The dollar looked to be making strides yesterday before Fed governor Waller opened the can of worms on a suggestion to cut rates in July here. The greenback fell a little although Fed funds futures are still holding the
Start of new medium-term bullish trend amid rising JGB yields
A steepening of the JGB yield curves (30-year minus 2-year and 10-year minus 2-year) coupled with supportive fundamentals, as highlighted earlier, is likely to create another tailwind for the Nikkei 225. The major bullish breakout (steepening conditions) of the JGB yield curves since June 2022 has a direct correlation with the movements of the Nikkei
Australian Dollar holds gains as US Dollar remains subdued ahead of UoM Consumer Sentiment
The Australian Dollar rises as the US Dollar struggles following dovish remarks from Fed officials. San Francisco Fed President Mary Daly said that expecting two rate cuts this year is a “reasonable” outlook. US Retail Sales rose by 0.6% MoM, while Retail Sales climbed 3.9% YoY in June. The Australian Dollar (AUD) advances on Friday,
Wall Street Journal on Waller’s comments –
I comprehensively covered Federal Reserve Governor Christopher Waller earlier: The Wall Street Journal have a report too, gated but in summary: Federal Reserve Governor Christopher Waller, seen as a potential successor to Chair Jerome Powell, delivered his strongest endorsement yet for a rate cut this month, aligning more closely with President Trump’s push for easier
Japan June 2025 CPI remains well above the Bank of Japan target rate, still
All three of the main inflation measures in Japan remain well above the 2% Bank of Japan target rate Headline CPI 3.3% y/y expected 3.3%, prior 3.5% Core CPI (this is excluding fresh food) 3.3% y/y expected 3.3%, prior 3.7% analysts are attributing the drop from May on temporary cuts in utility bills and the
ICYMI – US House passes three major crypto bills
The U.S. House of Representatives approved three major cryptocurrency bills on Thursday, signaling a significant step forward for the digital asset sector. The GENIUS Act, which sets rules for stablecoins, passed with a 308-122 vote and now goes to President Trump. The CLARITY Act, aimed at defining the broader structure of crypto markets, passed 294-134