If you own Bitcoin, how do you sleep at night? In just a week, this thing managed to lose almost $10,000. On the same token, can this happen to the U.S. equity market? On Sunday, December 17, Bitcoin hit the new intraday record high of $19,891. That was 5 days…
Month: December 2017
Surprises from Catalonia and Spain That Shocked the Euro
The euro is trading slightly lower than yesterday at around 1.1850 against the U.S. dollar. The numbers for the U.S. durable goods orders came out this morning and fell short of the expectations. The euro was muted. Overnight, the EUR/USD experienced a shock-wave selloff, which fell as low as $1.1815…
Can We Say Stuck?
The euro looks officially stuck right around 1.1880. The holidays are right around the corner. The trading is thin. The U.S. tax vote was settled. Maybe this is it for the euro until everybody returns from the holidays. The EUR/USD retreated from yesterday’s high of 1.1901 to around 1.1850. It…
The Euro Encountered the Resistance at 1.19
The euro’s first attempt to break above 1.19 has failed since November 29. The U.S. dollar seems to have no enthusiasm for the tax bill. EUR/USD, GBP/USD, and AUD/USD all moved higher. Although the stock market has been very excited about the passage of the tax reform bill, the U.S….
The Euro Is Near 1.19
Houston listened. The euro broke away from 1.1850. Yesterday, the EUR/USD advanced to 1.1833 and then it stalled. Later in the day, it was stuck at 1.1850. The U.S. tax bill approval looks priced in as the euro is trading higher none the less. The reactions to the tax bill…