Baker Hughes US Total Rig Count comes in at 588
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The Baker Hughes US Total Rig Count, released on July 31, 2026, reported a total of 588 active rigs. This figure represents an increase from the previous week’s count of 587. With no consensus estimate provided for this release, the actual print did not present a deviation from market expectations.
In the hour following the data release, several currency pairs and gold showed significant movements. AUDUSD rose by 9.1 pips, EURUSD gained 16 pips, and GBPUSD advanced by 18 pips. NZDUSD also saw an increase of 8.0 pips. USDCAD declined by 11 pips, USDCHF fell by 9.5 pips, and USDJPY dropped by 85 pips. Gold, XAUUSD, moved up by 98 pips. For most pairs, these 1-hour moves were larger than their historical median moves, and for many, they exceeded the top-quarter of past release reactions. For example, EURUSD’s 16 pip move compares to a median of 4 pips and a top-quarter of 8+ pips, while XAUUSD’s 98 pip move compares to a median of 17 pips and a top-quarter of 37+ pips.