Fx Primus Rebates

US stocks weather the G7 and open little changed

The market shrugs…. The fireworks from the G7 are not causing much of a stir in the US stock markets.  The Europeans stock reaction seemed to have helped (most major indices are higher). There are pockets of weakness in the auto sector in Europe. Shares of Daimler Benz in Germany are trading at the lowest…

Fx Primus Rebates

EURUSD moves back toward a key support cluster

100 hour MA and trend line at 1.1769 area The EURUSD moved higher earlier in the day. It is retracing those gains into the NY session. Looking at the hourly chart, there is a band of swing highs/lows in the 1.1822-42 area. It is wide but the area divides the higher extreme from back in…