The euro plummeted after the U.S. job report. The EUR/USD fluctuated between 1.2480 and 1.2510 before the job report. The job numbers came in better than expected and the common currency dropped on the news. The U.S. 10-year treasury yields soared today from 2.78% to 2.84%, and prompted a steep…
Month: February 2018
Bitcoin Hammered by Negative News from India and Tether
Bitcoin fell as low as $8,400. More worries about the increased regulation in India and the potential price manipulation at Bitfinex exacerbated the decline today. Bitcoin’s prices could have been artificially inflated because of something called, Tether. In December, the Commodities and Futures Trading Commission (CFTC) issued a subpoena to…
The Euro at 1.25 Before Tomorrow’s U.S. Job Report
The euro moved higher and reclaimed 1.25 before tomorrow’s U.S. job report. The EUR/USD began to move higher during the European session, and throughout the U.S. session. The U.S. 10-year treasury yields soared today from 2.73% to 2.78%; however, the higher yields were unable to stop the U.S. dollar drifting…