Bitcoin continued to trade lower amid the negative news about the cryptocurrency from South Korea and Warren Buffett. J.P. Morgan Chase CEO back pedaled a couple of days ago. He regretted calling Bitcoin a fraud. It appears the CEO does not any credibility because Bitcoin would move the opposite direction based…
Day: January 11, 2018
ECB Is Confident about Recovery and Sending the Euro Higher
The euro soared 100 pips or so from 1.1945 to 1.2045 on the ECB’s positive meeting minutes and outlook. The EUR/USD was near 1.2050 before the momentum ran out. The ECB’s meeting minutes helped push the euro higher today. The document indicated that the policymakers were very confident about the…