Fx Primus Rebates

Oil dips below $70 then bounces

WTI crude below $70 for the first time in two weeks All the talk is about China, Trump in Europe, trade and the US dollar rally but oil is a wildcard at the moment. Nearly 50% of the recent rally in oil was wiped out yesterday and crude continued lower today, hitting a low of…

Fx Primus Rebates

US stocks rebound higher on less tension

Tension never goes away but NATO did agree to increase defense spending The US stocks are rebounding higher on less tension today.  Tension really never goes away with trade and Brexit and NATO, but the NATO partners did agree to increase defense spending and their contributions to NATO (at least in principle).  That takes some…

Fx Primus Rebates

USDCAD falls toward the MA support targets.

Tested 50% and backed off  The BOC tightened yesterday and implied “gradual” hikes (whatever that means), but the CAD was caught in a USD run higher. Technically yesterday, the low stalled near the Monday low and spiked back higher. When it moved back above the 100 bar MA (blue line), the sellers gave up.

Fx Primus Rebates

EURUSD back to unchanged on the day

Up and down. Stays below 200 hour MA Just sell rallies…That is what “Harry the Doom…” said….I said, “.   EURUSD retests the 200 hour MA. Key test for both buyers and sellers” The sellers held against the risk defining level as the 200 hour MA. The rally up stalled.