Fx Primus Rebates

Saudi Arabia has pumped 10.448B BPD in June

Up from 10.27B BPD in May. Over the July 4 holiday yesterday,  President Trump tweeted: and on June 30 Trump said he spoke with Saudi Arabia about increasing production by 2B BPD and they agreed. Saudi did not confirm they would up production by that amount. They are expected to increase production in July to…

Fx Primus Rebates

USDJPY dips modestly after softer ADP report

100 hour MA stalls the rally today, but so does the 200 hour MA. The ADP employment report came in a touch weaker than expectations at 177K estimate vs 190K expected. The prior month was revised to 189K from 178K though. The initial claims came in at 231K vs 225k expected.