Fx Primus Rebates

Bitcoin buyers give up. Price tumbles lower.

Reverses the gains from Sunday’s trading. Back below 100 and 200 hour MAs On Sunday, the price of bitcoin based at the 100 and 200 hour MA and ran higher. That move took the price from $3833 to $4088.  The digital currency on Coinbase, did make it to a higher high on Tuesday – reaching…

Fx Primus Rebates

Audio recap: Dollar recovery short on substance

What’s happening in the market on Thursday On Thursday, the market opted to take a breather, though we’d say it was more a case of currencies relenting than the dollar rallying. Wednesday’s breakout in the Euro above 1.1500 has the ability to change the picture now, and is backing up fundamentals warning of a downturn…

Fx Primus Rebates

The buying in EUR/CHF is relentless

What’s behind the bid? Today’s rally in EUR/CHF has raised some chatter about SNB intervention. Certainly the pair has held a rock solid bid as it creeps up to 1.1300 from 1.1238 at the lows of the day. It’s also coming on a day when risk aversion should be pushing it in the other direction.