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PipPoint liked a forecast in Fundamental analysis Contest

Forex_champion predicted bearish impact of Baker Hughes US Oil Rig Count in the Fundamental analysis Contest

Baker Hughes is a provider of oilfield products, services and digital solutions, helping its customers handle hydrocarbons in an efficient, safe and environment-friendly manner.The oil-rig count had previously tallied a two-week rise of 9 rigs. The total active US rig count, which includes oil and natural-gas rigs, was also down 2 at 950. API Weekly Crude Oil Stocks declined significantly by -10.23M in this week’s report, offsetting a -3.0M forecast and from a build-up in oil stocks of 1.628M reported last week.

PipPoint liked a forecast in Fundamental analysis Contest

Forex_champion predicted bearish impact of NY Empire State Manufacturing Index in the Fundamental analysis Contest

The New York Empire State Manufacturing Index in the United States decreased to 19.4 in November of 2017 from 30.2 in the previous month and well below market expectations of 26.November manufacturing data (Empire State Manufacturing Index: 19.4 vs. 25.5 expected and 30.2 previous; Philly Fed Manufacturing Index: 22.7 vs. 24.5 expected and 27.9 previous; Richmond Manufacturing Index: 30 vs. 14 expected and 12 previous; Markit Manufacturing PMI: 53.9 vs. 55.1 expected and 54.6 previous; ISM Manufacturing PMI: 58.2 vs. 58.4 expected and 58.7 previous.