Fx Primus Rebates

Trump will record an interview with CBS later today

Trump to take questions from a non-FOX broadcast An interview with Fox Business’ Maria Bartiromo earlier this month was a bit of a joke because of the softball questions and friendly tone. Conversations this week with Sean Hannity and Tucker Carlson were similarly friendly but Trump faces a tougher test today when he will do a sit…

Fx Primus Rebates

UK inflation slowdown is a tell of two tales

There are two sides to the coin on the recent softness in inflation ForexLive Core inflation has now fallen to just under the BOE’s target of 2%, but as long as it doesn’t fall further than that it should give comfort for the central bank to raise rates come August – and given that this…

Fx Primus Rebates

Eurozone May construction output +0.3% vs +1.8% m/m prior

Latest data released by Eurostat – 18 July 2018 – Prior +1.8%; revised to +1.4% – Construction output +1.8% y/y – Prior +1.8%; revised to +1.2% ForexLive The data here tracks changes in output/sales in the construction industry. Lower revisions on construction activity but the yearly estimate improves to +1.8% so that’s decent. Nonetheless, a…

Fx Primus Rebates

Weekly US EIA oil inventories +5863K vs -4100K expected

Weekly energy inventories from the EIA Here were the API numbers from yesterday: Production has doubled in six years. Oil is slightly higher after dipping to $67.00 and trading at $67.62. Last week, a huge drop in inventories kicked off a rout in crude. Everything is backwards because that’s certainly unusual.

Fx Primus Rebates

Italy May industrial orders +3.6% vs -1.3% m/m prior

Latest data released by Istat – 17 July 2018 – -1.3%; revised to -0.6% – Industrial orders NSA +4.9% y/y – Prior +6.4%; revised to +7.2% Relatively solid readings and the revisions were strong for factory orders. I would say it is a solid report, but one that offers very little to the euro given…