Fx Primus Rebates

Dollar Rising After Deluge Of Economic Reports

After recovering from a weak start, the dollar is gaining ground against all of its major rivals Friday afternoon. Traders were confronted with a large number of U.S. economic reports this morning. In addition, traders are keeping an eye on developments on Capitol Hill amid the threat of a looming government shutdown. Reflecting downward revisions…

Fx Primus Rebates

Crude Oil Futures Settle Lower Again

Crude oil futures ended lower on Friday, extending losses from previous session, amid concerns over excess supply in the market and on near term demand growth worries. Also, traders appeared to have moved on to the sidelines due to possible government shutdown in the U.S. from Friday midnight and caution ahead of the weekend and…

Fx Primus Rebates

UK Business Investment Weakest Since 2008-2009 Amid Brexit Uncertainty

British business investment fell for three consecutive quarters, marking its weakest period since the 2008-09 global financial crisis, as businesses reduced spending due to the Brexit chaos. Business investment decreased 1.1 percent sequentially in the third quarter, falling for a third consecutive quarter. Investment declined for such a long duration for the first time since…

Fx Primus Rebates

Treasuries Close Roughly Flat Following Lackluster Session

Treasuries showed a lack of direction throughout much of the trading session on Friday before ending the day roughly flat. Bond prices spent most of the day lingering near the unchanged line. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, inched up by less than a basis point to…

Fx Primus Rebates

U.S. Third Quarter GDP Growth Downwardly Revised Slightly

Reflecting downward revisions to consumer spending and exports, the Commerce Department released a report on Friday showing slightly slower than previously estimated U.S. economic growth in the third quarter. The report said real gross domestic product surged up by 3.4 percent in the third quarter compared to the previously estimated 3.5 percent jump. The pace…

Fx Primus Rebates

Gold Futures Retreat From 6-month High, Settle Notably Lower

Gold prices drifted lower on Friday as the dollar gained in strength against most major currencies after equities declined with a government shutdown looming large. According to reports, U.S. President Donald Trump has vowed a “very long” government shutdown if Democrats do not fund his border wall. Trump is demanding $5.7 billion, which was passed…

Fx Primus Rebates

UK Car Production Tumbles In November

British car production dropped significantly in November from a year ago, as the Brexit uncertainty intensified prompting businesses to wait-and-watch. Passenger car output decreased 19.6 percent year-on-year to 129,030 units in November, figures from the Society of Motor Manufacturers and Traders (SMMT) showed Friday. Production for the home market shrunk 1.9 percent, while that for…

Fx Primus Rebates

Euro Slides Amid Risk Aversion

The euro declined against its major counterparts in the European session on Friday, as concerns over rising borrowing costs in the U.S., political brinkmanship in Washington and fears of a slowing global economy dampened risk sentiment. U.S.-China trade tensions remain in focus after the U.S Justice Department announced the criminal indictment of two computer hackers…