Fx Primus Rebates

5 tips for trading the Turkish lira

How to trade TRY The Turkish Lira has fallen dramatically in recent weeks. The Lira is down over 30% on the year and it had a 16% drop on One of the key reasons for the implosion of the economy has been Turkey’s current account deficit.

Fx Primus Rebates

USDJPY moves to new session highs

Cluster of resistance ahead The USDJPY is moving to new session highs and in the process are moving toward the 100 and 200 hour MA and 61.8% of the range this week. A broken trend line is also up ahead. That area comes in at 111.19-23.  Sellers (longs/traders looking for a correction) should lean against…

Fx Primus Rebates

Germany August construction PMI 51.5 vs 50.0 prior

Latest data released by Markit – 6 September 2018 – 50.0 ForexLive Slight delay in the release by the source. Slight improvement in construction activity but nothing too convincing after the bounces up and down since early this year. Again, this is just survey data but once again it highlights that there are still some…