The euro finally showed some upside momentum after dipping as low as 1.2313. The stock markets in Asia and Europe plummeted following the sell-off on Wall Street, while today’s U.S. stock market is quite volatile. The economic data from Europe today was good, but did not provide the euro with…
Day: February 6, 2018
Dr. Doom Says Bitcoin Will Crash to ZERO
Overnight, during the Asian session, Bitcoin fell below $6,000. Right now, there is no good news out there to give people any reason to buy the cryptocurrencies. Banks are coming forward and forbidding their customers to use their credit cards to buy any cryptocurrency. Many authorities are saying the cryptocurrencies…
Fear of Inflation Sent the Stock Market and the Euro Decidedly Lower
The euro weakness continued on Monday. The soaring U.S. yields still dominated the trading in the various markets today. The euro headed lower. The U.S. stock market tanked. It was about the inflation and high yields today. Last Friday, the job report was strong and the euro plummeted on the…