The euro’s on a relentless decline toward 1.22. The euro found support at around 1.2313 yesterday, but the recovery toward 1.24 was proved to be an opportunity to close the existing long positions, or to open new short positions. Currently, it’s trading at the day low near 1.2250. The U.S….
Month: February 2018
Will the Euro Fall below the Near-Term Support at the 1.2320 level Today?
The euro’s attempt to rebound from 1.2313 was an exercise in futility. The euro found support at around 1.2313 yesterday, but the recovery stalled at 1.24. Currently, it’s back at around 1.2320 to retest the support level. The U.S. dollar’s support came from the rumors in the market that there might…
Bitcoin Rises after the Good News from the Senate Banking Committee Hearing
Bitcoin rose above $8,000 after falling below $6000 yesterday. The Senate Banking Committee hearing on Tuesday regarding the virtual currencies delivered a much needed positive message to the market – greater consumer protection and no outright ban on the cryptocurrency trading. Bitcoin enjoyed a $2,000+ gain on the news. Yesterday,…
The Euro Seesawed as the Financial Markets Remained Unsettled
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…
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…