Bitcoin continued to trade below $14,000 amid the negative news about the cryptocurrency from South Korea and Warren Buffett. Buffett said the cryptocurrencies would somehow end badly in the end. Apparently, the investment guru does not believe in the virtual currencies. South Korea continued its investigation on the Bitcoin trading activities,…
Month: January 2018
Can the Euro Break above the Tough 1.2160 Resistance?
The euro soared again today from 1.2060 to 1.2150 on the positive political news from Germany. Yesterday, the EUR/USD was near 1.2060 before the momentum ran out. The ECB’s meeting minutes helped push the euro higher yesterday. The euro got another boost from the encouraging news that German party leaders…
The Euro Moved Higher and Retested the 1.2060 Level Last Night
The euro pressed higher last night and the buy order take profit target was hit. The strategy can be found here. The latest result can be found here.
Bitcoin and Its Siblings Are Surrounded by Negative News
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…
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…