Fx Primus Rebates

The USDMXN has reached MA target

200 bar MA on the 4-hour chart tested The Bank of Mexico raised rates by 0.25% yesterday and the move (and comments) helped to nudge the price away from its 100 bar MA on the 4-hour chart (blue line) and also away from a trend line from the April low.  The price did stall near…

Fx Primus Rebates

The Swiss franc was the top performer this week

Strong week for the franc It’s a great week to be Swiss. They tied Brazil early in the week and the franc was the top G7 currency performer. Trade and safe-haven tensions have boosted the franc while the same factors dragged down the Canadian dollar (which has had a nice bounce after today’s data-driven drop).

Fx Primus Rebates

The GBPUSD trades around the 200 hour MA after fall stalls

Rally off BOE stalled near 100 bar MA on 4-hour chart Yesterday the BOE moved closer to hiking rates (but not guaranteed yet). The price of the GBPUSD shot higher and that rally was extended today.   Technically, the priced moved to an old trend line that attracts either buying or selling interest (see red circles).…