The euro is trading up at around $1.1760 against the U.S. dollar after the US inflation rose at a somewhat disappointing 2.2% pace over the year. The U.S. central bank is widely expected to raise the rate by 0.25% this afternoon. What’s more important is what it will say it’s…
Month: December 2017
Bitcoin May Have Another Record Close
Bitcoin is moving higher again after the commencement of its futures contracts trading on CBOE. Two of the leading exchanges for Bitcoin trading suffered some outages on Tuesday. Bitfinex said it was “under heavy” denial of service attack and that its application programming interface was down. While Coinbase said that…
The Euro Is Near Day Low 1.1720 amid the Stronger Than Expected PPI
The euro moved lower in the U.S. session before tomorrow’s Federal Reserve rate decision. The EUR/USD has been driven to its lowest since November 21st amid the weak economic data from Europe and the strong numbers from the U.S. The disappointing German ZEW survey showed that the business sentiment unexpectedly…
The Euro Downtrend Resumed
The euro has drifted lower since the European session today and tomorrow brings the Federal Reserve rate decision. The EUR/USD moved higher after the U.S. job data on Friday. The upward move lost steam once it reached 1.18. It began to drift lower in the late U.S. session yesterday. During…
Bitcoin Futures Contracts Began Trading on CBOE
Bitcoin is moving higher amid the commencement of its futures contracts trading era. With much anticipation, CBOE Bitcoin futures contracts started trading on Sunday. The new instruments allow speculators and investors alike to trade on the future prices of Bitcoin. The spot market of Bitcoin was probably encouraged by it…