Bitcoin is up slightly today and just below the $15,000 mark at the moment. Bitcoin is up amid reports of institutional buying. Yesterday, the Wall Street Journal broke the news that the PayPal co-founder, Peter Thiel, whose Founders Fund had bought millions of dollars of Bitcoin. However, it wasn’t clear…
Day: January 3, 2018
Can the FOMC Meeting Minutes Provide the U.S. Dollar with the Much Needed Lifeline?
The euro continued its descent from yesterday’s failed attempt to break above the 2017 high of 1.2092. The euro is barely holding above the 1.2000 level currently. The market is now waiting for the FOMC Minutes of the December meeting. The Fed’s latest monetary policy announcement sent a dovish message…