Fx Primus Rebates

GBPUSD backs off to July swing low.

July low at 1.29569. Low today 1.2959 so far. The GBPUSD is trading near the lows for the day at 1.2959. Looking at the daily chart, that is near the swnig low from July at 1.29569.  A move below that level should swing the bias a little more to the bearish side.    NOTE: The…

Fx Primus Rebates

Risk off flows start to enter as European equities fall

CHF, JPY, USD all bid against the other major currencies ForexLive European equities are slipping across the board and that is starting to exacerbate some risk off flows in markets. It started with the swissie gaining traction as highlighted earlier but that has soon translated into further fall in the euro and sterling in particular…

Fx Primus Rebates

North Rhine Westphalia August CPI +0.1% vs +0.3% m/m prior

Latest data released by Destatis – 30 August 2018 – CPI +2.0% vs +2.0% y/y prior ForexLive Slightly weaker monthly inflation estimate but the yearly reading holds steady. All in all, the state readings today points towards a possibly weaker-than-expected national reading on the monthly estimate – which is expected. As for the yearly estimate,…