I wondered how the JP Morgan CEO felt about this decision from CME. The JP Morgan CEO came out and said that Bitcoin was a fraud, and it was a product for North Korea. CME apparently has disagreed. It’s planning to launch the Bitcoin futures products on the exchange. Because…
Day: November 1, 2017
FOMC: No Surprise
No surprises came out of the FOMC today. The euro is still capped under 1.1660. We are still expecting another rate hike in December. The question is how many rate hikes we are expecting next year. We are now focusing on the British rate decision tomorrow, and then the U.S….
The Euro: Waiting for the FOMC
As expected, the euro has been practically dormant since the beginning of the week. The euro is capped under 1.1660. The trading range today is even narrower. It is not surprising though because the traders are waiting for the outcome from the U.S. FOMC meeting due in about 45 minutes…