Fx Primus Rebates

CHF weakness notable again with SNB in the frame

Swiss franc weakness a feature of the session so far 11 April USDCHF up in a flash from 0.9565 to 0.9597 and EURCHF 1.1881 from 1.1841. No prizes for guessing where we can point the blame as the SNB seemingly make a pre-emptive strike of their own against potential CHF safe-haven demand as global tensions…

Fx Primus Rebates

Italy February retail sales m/m +0.4% vs -0.5% prior

Latest data released by Istat – 11 April 2018 The year-on-year figure remains soggy, but a slightly better revision. Still not the brightest of readings. It’s a lagging data point, so won’t do much to change what the sentiment is in the market on the Eurozone – which appears to be “ignore the data points…