Bitcoin is MOVING UP AGAIN but the top seems to be capped under $18,000. The skyrocketed prices of Bitcoin have caused people heartaches. Either you love it, or you totally hate it. We had a record close on Tuesday at $17,730. If the current upward momentum can hold, we may…
Month: December 2017
The Euro Is back at around 1.18 after the Central Banks’ Excitement
The euro was inching higher today after yesterday’s ECB rate decision. The Fed raised the rate by 0.25% on Wednesday as expected. Nothing new came out of the 2-day meetings that we had already known. They will still raise interest rates next year. However, they did mention that the labor…
Bitcoin Trading Volatility Subsided for Now
Bitcoin is STABLIZING for now after the commencement of its futures contracts trading on CBOE. The skyrocketed prices of Bitcoin have caused the two of the leading exchanges for Bitcoin suffered some outages this week. Both exchanges are struggling to keep up with the influx of the interest in the…
The Euro Is Under Pressure due to Draghi’s Comment
The ECB left the interest rates and QE unchanged; however, the ECB President Draghi’s comment drove the euro lower. The U.S. central bank raised the rate by 0.25% yesterday afternoon as expected. Not everyone on the board agreed on the rate hike. 2 members dissented. Nothing new came out of…
The Somewhat Dovish Fed Sent the Euro Higher after the Rate Decision
The euro was inching higher even before the rate decision. The traders were betting on a dovish stance from the Fed. The U.S. central bank raised the rate by 0.25% this afternoon as expected. Taking the hint from the inflation data this morning, the euro was trading up at around…