Fx Primus Rebates

Crude oil is up but stalling near 200 hour MA

MA and 38.2% slowing the rise Yesterday, crude oil moved sharply higher on the back of news that Saudi Arabia will keep production in July near June levels and they expected to oil exports to drop in August (so unlikely to raise production).   The price moved to the 38.2% and stalled. 

Fx Primus Rebates

Bitcoin hit by a nasty whipsaw

Some action in Bitcoin Bitcoin prices jumped 2.5% higher today only to be promptly followed by a 4% drop in volatile trading. There were no headlines behind it but now there is the usual ‘pump-and-dump’ talk and manipulation talk. It’s a market that’s grown very paranoid, even by crypto-crowd standards.

Fx Primus Rebates

Fitch affirms Canada at AAA with a stable outlook

Canada keeps its top rating Canada has a top rating from all the ratings agencies. Fitch cited Canada’s “political stability, strong governance and institutional strengths” and sees growth of 2.0% this year before trending to 1.6% in 2020. The see the BOC following a more gradual path than the Fed on rates.