What a surprise. The minutes from the FOMC meeting pushed the euro higher in the late U.S. trading session today. The FOMC’s meeting Minutes revealed that the December rate hike was certain. Some members had concerns about the inflation that was not as strong as they had expected; therefore, they…
Month: November 2017
Square Jumped on the Bitcoin Bandwagon
Square Inc. has more than doubled its stock price for the year. Twitter’s founder founded this company. After its initial IPO at $9, the performance of the share prices have not been impressive. For some time, it has even fallen below the IPO $9. The reason for that was the…
Not Good: Crude Prices Are at a 2-Year High
Crude oil prices appeared to be hitting the highest price in 2017. The U.S. crude prices rose to a two-year high of $58 right before the holidays. We as consumers are expected to pay more at the pumps for sure if the crude prices continued to elevate. If you own…
The Euro Is Quiet Before Thanksgiving
The euro appears to be ready for Thanksgiving. The euro is pretty much where it was yesterday. Later today, the FOMC’s meeting Minutes will come out. Perhaps, the release of the minutes may generate some activities if there is something unusual about it. The common currency was up slightly earlier…
The Euro Is Trading Sideways
Political drama, and not the economic data, seems to be the norm that drives the markets nowadays. The uncertainty of North Korea keeps us on the edge of the seats. Is the U.S. going to war with the ruthless regime of all time? Germany is trying to form a government. …