Fx Primus Rebates

Gold Subdued As Equities Rebound

Gold prices were slightly lower on Tuesday as equity markets gained ground on expectations of fewer interest rate hikes this year by the Federal Reserve and amid hopes that China would unveil more measures to support its weakening economy. Spot gold was marginally lower at $1,288.84 per ounce while U.S. gold futures were down 0.2…

Fx Primus Rebates

Oil Prices Rise Amid Supply Cuts

Oil prices rose on Tuesday as supply cuts by producer club OPEC and Russia as well as declining U.S. rig counts bolstered sentiment. Global benchmark Brent crude climbed 0.90 percent to $59.52 per barrel, while U.S. West Texas Intermediate (WTI) crude futures were up 0.85 percent at $50.94 per barrel. OPEC members, along with several…

Fx Primus Rebates

NZ Dollar Rises Amid Risk Appetite On China Stimulus Hopes

The New Zealand dollar advanced against its major counterparts in the Asian session on Tuesday, as Asian shares rose after China signaled policy measures to counter slowdown in the world’s second largest economy. In a statement, Chinese finance ministry said that it will implement larger tax and fee cuts to help reduce burdens for small…

Fx Primus Rebates

German 2018 Growth Weakest In 5 Years

Germany’s economy grew for a ninth year in 2018, but at the slowest pace in five years, largely driven by domestic demand, preliminary data from the Federal Statistical Office showed on Tuesday. Gross domestic product rose a price-adjusted and chain-linked 1.5 percent from 2017, when it expanded 2.2 percent. The pace exceeded the average 1.2…

Fx Primus Rebates

Euro Little Changed Following Eurozone Trade Data

After the release of Eurozone trade data for November at 5:00 am ET Tuesday, the euro changed little against its major counterparts. The euro was trading at 1.1435 against the greenback, 124.14 against the yen, 1.1262 against the franc and 0.8886 against the pound around 5:02 am ET. The material has been provided by InstaForex…