Baker Hughes US Total Rig Count comes in at 588
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The Baker Hughes US Total Rig Count for July 17 came in at 588, an increase from the previous figure of 581. There was no consensus figure available for this release.
Following the release, market reactions were observed across major currency pairs and gold. AUDUSD moved -1.4 pips one hour after the release, compared to its median 1-hour move of 3 pips after past releases. EURUSD moved -3.4 pips, against a median of 4 pips. GBPUSD saw a -1.9 pip move, with a median of 6 pips. NZDUSD moved -1.3 pips, compared to its median of 3 pips. USDCAD moved +4.7 pips, against a median of 6 pips. USDCHF moved +1.8 pips, compared to a median of 4 pips. USDJPY moved -1.9 pips, against a median of 4 pips. XAUUSD moved -49 pips, compared to its median 1-hour move of 17 pips. For most pairs, the observed 1-hour moves were smaller than their respective median 1-hour moves after past releases. XAUUSD’s move was larger than its median.