Fx Primus Rebates

EU stocks end the day with declines

Off to a bad start for the week The major European stocks are starting the week with declines: In the 10 year debt sector in the EU were mostly lower: As London traders look to exit, the JPY and the USD remain near the top as investors are concerned about global trade. The AUD and…

Fx Primus Rebates

EURUSD trades to new session lows

Moves below swing area Earlier I warned about a break of the 100 and 200 hour MAs. Those MAs were cracked. The price traded down to a swing area at 1.1594-99 and has waffled between the MAs above and the swing area below.

Fx Primus Rebates

US stocks are rebounding after better ISM data

Nasdaq looking toward unchanged.  S&P chips away some of the losses The US stocks are rebounding after a shaky start on trade concerns. The US construction spending was not as good as expected and the April data was revised sharply lower to 0.9% from 1.8%. However, the ISM manufacturing data beat, rising to 60.2 from…

Fx Primus Rebates

The NZDUSD moves below lower trend line.

Trades at the lowest level since May 31, 2016 The NZDUSD has moved below a lower trend line at 0.6717. Last week, that trend line was test twice and found buyers. Today – at yet anther lower level – the price has cracked and shown more momentum. Bears are taking more control. Risk for shorts…

Fx Primus Rebates

US construction spending for May 0.4% vs. 0.5% expected

Last month spending rose 0.9% – revised lower from 1.8% The US construction spending for May comes in lower than expectations at 0.4% vs 0.5% expected. The revision in the April data could lead to a further reduction in 2Q GDP estimates.  On Friday, the GDP growth numbers were slashed after lower consumer spending in…