Fx Primus Rebates

No reprieve for sterling as slide continues

GBP/USD falls to a low of 1.2860 while EUR/GBP touches a high of 0.9017 ForexLive Down under 1.2900 for cable and the slippery slope continues. The trendline channel remains intact still and there isn’t anything in the charts or in the fundamental picture to argue otherwise. As mentioned earlier, as long as the is in…

Fx Primus Rebates

WTI crude oil falls to six-day low

Oil down 2% China will place 25% tariffs on US oil exports in a move that will shift demand to other benchmarks. WTI is down 2% today with Brent 0.9% lower. The drop in oil has come in steady waves over the past four hours with WTI now down $1.48 to $67.70.

Fx Primus Rebates

US stocks open with modest declines

Tesla is down -1.54% The US stocks are open and the major indices are modestly in the red: Tesla, the story of the day yesterday and into today, is opening down. The current price is $374.11 down -$5.22 or -1.38%. Elon Musk tweeting yesterday that he is thinking about going private at $420.  The low…