4 trades have been closed since the last update. All of them were losses. The total realized loss is $901. Last week, we ended at $2438 in profit minus interests and fees. After the loss this week, that brings our total net profit to $1537 minus interests and fees. The…
Month: February 2018
The Euro Is at 1.2250 in Quiet Trading
The euro has been trading at around 1.2250 for the past 24 hours in a narrow range. The euro’s decline has stalled near 1.2211, but whether the level could hold, it is still yet to be seen. Yesterday, the Philly Fed Harker said that he expected just two rate hikes…
The Philly Fed’s Comments Gave the Euro Some Support for Now
The euro’s decline has temporarily stalled near 1.2211, but whether the level could hold, it is still yet to be seen. The U.S. stock market and the Forex market remain volatile today. Dow Jones was down 400+ points, the Treasury yields were near multi-year high, and the euro was down…
Bitcoin Moved Higher Cautiously above $8,000
Bitcoin is still holding above $8,000 after falling below $6000 2 days ago. The latest from India was any gain from the Bitcoin trading would be taxable. That’s actually not bad news. On Tuesday, the Senate Banking Committee hearing called for greater consumer protection for the cryptocurrency trading.
Can the Euro Hold above 1.21?
The euro’s decline was exacerbated after the 1.2313 level of support was violated. The euro found some support at 1.2250 but eventually, succumbed to the selling pressure. The next level of support was found near 1.2211. The rebound from 1.2211 triggered an action from my MT4 EA. A long position…