Fx Primus Rebates

WTI crude rises above $52

Some life in crude? A dip below $50 early today may have signaled a capitulation in crude, or this might just be some short covering. In any case, WTI is now up $1.81 to $52.12, a session high. Even with the gains, that doesn’t clear yesterday’s $52.56 high. Keep an eye on that level heading…

Fx Primus Rebates

USDJPY retests 100 hour MA. Sellers lean.

The market waffles between the 100 and 200 hour MA The USDJPY moved up to test the 100 hour MA, and sellers leaned (blue line).  The MA comes in at 113.469 currently.  Honestly, the price is just off that level at 113.42. So it could still be under assault, but the first look did find…

Fx Primus Rebates

Stocks move to new highs

Major indices are now positive The major stock indices have turned positive after the FOMC meeting minutes. The next target is the 38.2% retracement of the move down from the October 3 high. That comes in at 7318.49. The swing high from November 13 comes in) comes in near that level as well. 

Fx Primus Rebates

How bad would car tariffs hurt the EU?

How bad could car tariffs hit? Tariffs could come as soon as next week on all auto imports to the US, excluding Canada and Mexico. Europe would be particularly hard hit, especially German auto makers who wilted on the news. In the bigger picture, Barlcays estimates that US tariffs would cut EU growth to 1.2-1.3%…