Fx Primus Rebates

Oil dips below $70 then bounces

WTI crude below $70 for the first time in two weeks All the talk is about China, Trump in Europe, trade and the US dollar rally but oil is a wildcard at the moment. Nearly 50% of the recent rally in oil was wiped out yesterday and crude continued lower today, hitting a low of…

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US stocks rebound higher on less tension

Tension never goes away but NATO did agree to increase defense spending The US stocks are rebounding higher on less tension today.  Tension really never goes away with trade and Brexit and NATO, but the NATO partners did agree to increase defense spending and their contributions to NATO (at least in principle).  That takes some…

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US dollar falls after inflation report

US dollar gives back some of Wednesday’s gains There were whispers of a strong CPI number when yesterday’s big US dollar bid appeared out of the blue. Now the CPI numbers are out and they’re on the soft side. That’s led to a slump in the US dollar across the board.

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US June CPI is coming up next

Can the dollar keep on keepin’ on? The dollar was sizzling on Wednesday without any real strong catalyst but today there is a major potential dollar-mover with the CPI report due at the bottom of the hour.