The euro had yet another failed attempt to move upwards after the release of the U.S. job data The euro moved up quickly and tried to break above 1.17. However, the attempt was an exercise in futility. Currently, it is trying to defend 1.16. Today’s U.S. job data was proved…
Month: November 2017
The Pound: Will Today’s Rate Decision Damage the Uptrend?
British Pound tumbled and dropped almost 200 pips. The dovish comment from the Bank of England regarding the future rate increases disappointed the traders. The British Pound fell quickly and sharply after the statement. As we can see in the daily bar chart, the upward trend is still in tact. …
GoPro Stocks Got Punished Amid the Poor Revenue Guidance
GoPro is down more than 10%. The current quarter earnings beat the expectations, but it was the fourth quarter guidance that disappointed the Wall Street. The company revised the fourth-quarter earnings down by 10% to $470 million in revenue from the original projected earnings of $521.2 million. GoPro was up as…
The Euro: Is 1.1660 the Ceiling for Now?
The euro had a failed attempt to move upwards during the Asian session. The euro is currently trying to break above 1.1660. The trading range today is still narrow. Tomorrow, we have the most widely anticipated U.S. job data. The failed upward move during the Asian session triggered a trade…
CME Will Trade Bitcoin Futures Products
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…