Fx Primus Rebates

Four things we learned from the ECB meeting

What changed and why markets moved 1) The ECB isn’t worried about the latest data A few ECB members (and many market participants) have recently noted that economic data has been soft. Draghi brushed this aside saying it was mostly give-back from unusually strong exports late last year. He said that nothing had changed in…

Fx Primus Rebates

USDJPY reaches the upside target…stalls

100 hour MA and trend line stall the rally.  Price backs off Before (): see post After: The price of the USDJPY has moved up to test the next targets at the 100 hour MA and the trend line.   The price has backed off on selling against the risk defining level. 

Fx Primus Rebates

EURCHF cracking lower with the EURUSDs fall

Helps to weaken the EUR The EURUSD is lower and so is the EURCHF. That pair stalled at the 200 hour MA earlier in the day. That stall, gave sellers the go-ahead to sell. The price fell below the 100 hour MA (blue line) and more recently, the 50% at 1.15959 and a lower trend…