Fx Primus Rebates

Crude Oil Edges Lower On Demand Growth Concerns

Crude oil prices are edging lower Tuesday morning, amid prospects of a drop in demand for crude due to the likely impact of the ongoing U.S.- China trade disputes on global economic growth. Last week’s data from the U.S. Energy Information Administration revealed that U.S. crude stockpiles increased for a sixth successive weak, although the…

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Russia Services Growth At 11-Month High

Russia’s services sector expanded the most in nearly a year during October, boosted by solid growth in both output and new business, survey data from IHS Markit showed on Tuesday. The services Purchasing Managers Index climbed to 56.9 from 54.7 in September. Economists had forecast a reading of 54.5. A PMI score above 50 suggests…

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FTSE Drifts Lower

The U.K.’s FTSE 100 index is drifting lower on Tuesday with nearly two third of its components losing ground amid uncertainty about near term growth outlook for global economy due to trade related issues. Also, with some key economic and political events scheduled for the week, investors appear a bit reluctant to make significant moves.…

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Eurozone Producer Price Inflation Accelerates For Fifth Month

Eurozone’s producer price inflation accelerated for a fifth straight month in September, preliminary data from Eurostat showed on Tuesday. Producer prices grew 4.5 percent year-on-year following a 4.3 percent increase in August, which was revised from 4.2 percent. Economists had forecast a 4.3 percent rise. Energy sector registered a 12.7 percent increase in producer prices,…

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Euro Higher Despite Weak Eurozone PMI

The euro was higher against its major counterparts in the European session on Tuesday, despite the release of a data showing a slowdown in Eurozone business activity to more than a two-year low in October. Survey data from IHS Markit showed that Eurozone’s private sector expanded at the weakest pace in over two years in…

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Euro Little Changed After Eurozone PPI

After the release of Eurozone producer prices for September at 5.00 am ET Tuesday, the euro changed little against its major counterparts. The euro was trading at 129.08 against the yen, 1.1458 against the franc, 0.8733 against the pound and 1.1404 against the greenback around 5:03 am ET. The material has been provided by InstaForex…