Facebook, Microsoft, Stripe, and Buffett Show No Love for Bitcoin but Square Disagrees

Yesterday, the Bitcoin closed just below the $10,000 at $9,995.  Today, it has been dancing around the $10,000 level without very much movement. Bitcoin, and other cryptocurrencies, have suffered from negative news since late December.  The negative sentiment weighed heavily on their prices.  South Korea implemented new rules to ban any anonymous trading account of… Continue reading Facebook, Microsoft, Stripe, and Buffett Show No Love for Bitcoin but Square Disagrees

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The Euro Settled at 1.2420 after the Non-Eventful FOMC

The euro is back to where it was yesterday at 1.2420 after the FOMC meeting. The EUR/USD began to move higher during the Asian session, and reached as high as 1.2480 during the European session before it drifted lower toward 1.2420 right before the FOMC rate decision announcement. The announcement provided no surprises.  The interest… Continue reading The Euro Settled at 1.2420 after the Non-Eventful FOMC

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Bitcoin Continued the Descend amid Negative Sentiment

Bitcoin is barely hanging above the $10,000 mark as the sentiment remained negative on the cryptocurrencies. Bitcoin plunges 12 percent earlier to $9,817 as the uncertainty around Bitcoin’s ability to improve transaction efficiency and reduce the transaction costs.  There was no significant driver behind today’s drop.  However, South Korea did confirm that the ban on… Continue reading Bitcoin Continued the Descend amid Negative Sentiment

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Bitcoin in Tight Trading Range, but What’s Next?

Bitcoin is drifting around the $11,000 mark as the latest news continued to be negative on the cryptocurrency. Bitcoin, at first, was seen as a new way to make fast and cheap payments online.  That concept has changed.  People are now interested in trading Bitcoin and other cryptocurrencies.  CME and CBOE both introduced their futures… Continue reading Bitcoin in Tight Trading Range, but What’s Next?

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Higher Bond Yields Sent the Euro Lower against the U.S. Dollar

“The dollar will get stronger,” helped the U.S. dollar today. The EUR/USD has been drifting slowly lower to trade as low as 1.2339.  Meanwhile, the U.S. bond yields are soaring.  The 10-year Treasury yield trades above 2.7%, which is the highest level since 2014.  The ECB hit the wires earlier today.  Praet said that the… Continue reading Higher Bond Yields Sent the Euro Lower against the U.S. Dollar

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New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results Week 26

7 trades have been closed since the last update.  Five trades were losses.  The other two were profitable. The total realized loss is $8. Last week, we ended at $2569 in profit minus interests and fees.  After the profit this week, that brings our total net profit to $2561 minus interests and fees. The strategy… Continue reading New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results Week 26

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Stripe Officially Ditched Bitcoin

Bitcoin is drifting around the $11,000 mark. Stripe.com CEO said the company would not accept Bitcoin as a form of payment.  Stripe, an Irish technology company, said it would become the first major online payments platform to accept Bitcoin on its payment platform 4 years ago.  It is ditching the idea now. The company said… Continue reading Stripe Officially Ditched Bitcoin

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